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Search Results for: US treasury

Skyline Digital makes TradFi accessible on Web3

Zug, Switzerland, February 7th, 2024, Chainwire The Swiss-based platform Skyline Digital empowers underbanked Web3 Businesses, Founders, and DAOs to access third-party fiat payments, OTC trades, tokenized real-world assets, vIBANs, and on/off-ramping. Web3 Businesses, DAOs, and High Net Worth Individuals find themselves underserved by traditional banks, while custodial and centralized crypto

February 7, 2024 3 mins read

BitMEX Co-Founder Forecasts Bitcoin Price Dip Below $40K

The co-founder of BitMEX, Arthur Hayes, recently predicted that Bitcoin prices would go under $40,000 in a fresh forecast made on Monday. The approaching US Treasury quarterly refunding statement and a long-term projection of $5,000 for Ethereum (ETH) and $200 for Solana (SOL) have both contributed to the shift in

January 22, 2024 2 mins read

Solana Succumbs to Bearish Momentum as Price Falls Under $90

Notable cryptocurrencies began the week on a negative note as investors worry about potential huge bitcoin sales and are likely reducing their market exposure in preparation for potential price drops. “I think we break $40k,” BitMEX co-founder Arthur Hayes said in a fresh Bitcoin price forecast released on Monday. This

January 22, 2024 2 mins read

Manta Network, The Fastest-Growing Layer 2 Blockchain Sets New Records

Manta Network, a prominent multi-modular ecosystem designed for zero-knowledge (ZK) applications stands at the forefront of innovation in the crypto space by introducing two networks that redefine the landscape.  The first of its kind, Manta Pacific, establishes itself as a distinctive Layer 2 (L2) ecosystem operating on the Ethereum platform.

January 18, 2024 4 mins read

Shiba Inu Millionaire shares the list of 3 tokens he feels will pump like SHIB

In the world of cryptocurrency, fortunes can be made and lost in the blink of an eye. Ken, a Shiba Inu millionaire, recently faced the reality that Shiba Inu (SHIB) is encountering resistance in its upward journey.With an eagerness to continue growing his wealth, Ken delved into the crypto market

January 7, 2024 4 mins read

Crypto Mixer Sinbad Faces U.S Sanctions Over Money Laundering

The cryptocurrency mixer Sinbad was sanctioned by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on charges that it laundered funds for the North Korean hacker organization Lazarus. The OFAC said on November 29 that Sinbad had handled cryptocurrencies valued at millions of dollars from thefts carried out

November 30, 2023 1 min read

Blockchain Association Backs Tornado Cash Over OFAC Sanctions

The Blockchain Association has added its voice to that of the six plaintiffs who are challenging the sanctions placed on the cryptocurrency mixer Tornado Cash by the U.S Treasury’s Office of Foreign Assets Control (OFAC). In a Nov. 20 amicus curiae brief to a U.S. appeal court, the crypto advocacy

November 21, 2023 2 mins read

BTC stays below 35000. Will Bitcoin Bulls continue pumping?

Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a strong bull run. BTC reached an 18-month high on November 2, surging to $35,981, defying the persistent bearish trend that dominated it for nearly a year. October 2023 proved to be one of the most remarkable months for Bitcoin’s

November 4, 2023 2 mins read

Bitcoin’s Price Faces Strong Resistance Post Massive Spike

Investors are expecting an eventual rise in Bitcoin prices after the anticipated U.S SEC approval of a Bitcoin spot ETF, which is projected to drive more capital. Meanwhile, during its meeting in November, the Federal Reserve decided to leave interest rates unchanged. The next decision by the central bank might

November 3, 2023 2 mins read

IMF Urges Federal Reserve to Hike Interest Rate To Curb Inflation

In order to bring inflation under control, the International Monetary Fund (IMF) advises the Federal Reserve of the United States to maintain hiking interest rates for a longer length of time. The IMF also recommended that the Biden administration use stricter fiscal policies to bring down the national debt. Under

May 27, 2023 2 mins read