The September Effect plays a vital role in the crypto market. Historically, this month has been difficult for U.S. stocks and the Bitcoin market. Over the past few weeks, BTC has defied all bullish market predictions, extending its bearish rally to date. Bitcoin touched the $64K mark in late August,
September 9, 2024 2 mins read
The non-profit organization of the Ethereum blockchain, Ethereum Foundation, will release an updated financial report, as per the official statement. The organization’s treasury has witnessed a significant reduction, with its main wallet holding approximately $650 million. This represents a steady decline in the foundation’s holdings since March 2022. At that
September 7, 2024 2 mins read
Despite the growing negative trend in the crypto market, Helium (HNT) has defied all odds and topped the gainers list. In this ongoing bearish trend, HNT displayed a price surge over the last 24 hours by 2.52% and outperformed major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The
September 6, 2024 2 mins read
Since the beginning of September, Bitcoin (BTC) has failed to flaunt vital price movements. Analysts hint that this might be one of the worst-performing months for Bitcoin based on its historical performance. BTC has faced difficulty maintaining a rally above the $58,000 mark. The current market volatility has kept Bitcoin
September 6, 2024 2 mins read
The recent hike in the petroleum price by 45% might continue to put pressure on the Central Bank of Nigeria to pause the interest rate hike meeting scheduled this month. The central bank has raised its interest rate by 15.25 percent since 2022, taking it to a record of 26.75%
September 5, 2024 2 mins read
Ethereum (ETH) has witnessed crucial challenges in recent weeks, continuing its downward trajectory. After the recent price slump, ETH extended its bearish momentum, following the launch of a new decentralized exchange, Ethervista, and Ripple’s announcement to add an Ethereum smart contract on XRP Ledger. However, market analysts suggested that ETH
September 5, 2024 2 mins read
The upcoming decentralized finance (DeFi) project, World Liberty Financial, endorsed by the Donald Trump family, is focused on adopting the dominance of the dollar-pegged stablecoins to uphold U.S. financial supremacy. The World Liberty Financial appeared on X with a series of tweets clarifying its DeFi strategy and confirming its collaboration
September 5, 2024 2 mins read
Japan’s Financial Services Agency (FSA) has unveiled plans to amend the nation’s tax laws to lower the tax burden on crypto assets by 2025. This aligns with the broader tax code reform to bring cryptocurrencies with traditional financial assets. The proposed reforms, detailed in an August 30 request, are part
September 4, 2024 2 mins read
Hackers gained access to the X accounts of Trump’s family members, Lara and Tiffany Trump, using them to disseminate a fake announcement regarding a token of the crypto project, World Liberty Financial. Eric Trump quickly took to X to denounce the fraudulent announcement, warning that the posts were scams. Further
September 4, 2024 2 mins read
As of September here, the anticipation is high that the Federal Reserve’s Federal Open Market Committee (FOMC) meeting, scheduled for 17 and 18 of this month, might decrease the federal funds rate. Notably, the prediction platform, Polymarket, traders are betting on the federal rate cut with a $10.9 million volume.
September 3, 2024 2 mins read
