The Federal Reserve plays a crucial role in shaping economic policies that have a significant impact on the world of cryptocurrency. Recent statements from Federal Reserve Chairman Powell indicate a forthcoming era of interest rate cuts, emphasizing the need for policy adjustment. This shift towards lower interest rates and a more abundant dollar supply could
Crypto
Shibarium, a layer-2 blockchain solution built on the Ethereum network, has been making waves in the crypto world since its inception. Designed specifically to support the Shiba Inu ecosystem, the protocol has set out to revolutionize transaction costs, speed, and scalability. With over 418 million transactions processed and several key upgrades under its belt, Shibarium
In a recent operation led by the Federal Financial Supervisory Authority (BaFin) in Germany, a nationwide crackdown on unlicensed crypto ATMs resulted in the seizure of nearly 250,000 euros ($279,000) in cash and 13 machines. This initiative was part of a larger effort to enhance regulatory oversight within the rapidly expanding cryptocurrency sector in the
The landscape of American politics is witnessing a significant shift, with young, pro-crypto voters emerging as potential game-changers in the upcoming 2024 US presidential elections. According to a recent report by Coinbase, Gen Z and Millennials, who now make up 40% of the electorate, are increasingly favoring candidates who promote crypto and financial innovation. This
Bitcoin’s price surged by $5,000 in a single day, reaching $65,000 for the first time since early August. One of the key factors behind this sudden surge seems to be linked to the actions of the US Federal Reserve. Over the past few years, Bitcoin’s price has been closely intertwined with the economic policies of
The historical on-chain data regarding Bitcoin demand has shown a correlation with price recoveries and rallies in the past. However, the current market situation paints a different picture. Recent findings from CryptoQuant reveal that Bitcoin demand has significantly slowed down since early April. This decrease in demand is reflected in the daily growth rate of
Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD). The stablecoin is set to be available on both the XRP Ledger and Ethereum, with the aim of creating a bridge between the world of cryptocurrencies and traditional finance. In a recent development, Ripple
The price of Bitcoin has been experiencing a lot of fluctuations recently, with the bulls currently in control, pushing the price above $61,000 after reclaiming the $60K level. However, weekends tend to have lower trading volume, which can lead to increased volatility in the market. When trading volume is low, it becomes easier to manipulate
Binance, the world’s leading cryptocurrency exchange, recently announced that it would be temporarily suspending deposits and withdrawals for The Open Network (TON) on August 26. This maintenance is scheduled to last for approximately two hours, after which all services will resume. However, the exchange reassured users that this wallet maintenance would not affect token trading
Former Binance CEO Changpeng ‘CZ’ Zhao has been moved from FCI Lompoc II to the RRM Long Beach halfway house in California. This transfer has caused confusion among X users who mistakenly believed that he had been released from incarceration. However, CZ remains in custody as the RRM Long Beach facility is a residential reentry
