Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws
The U.S. Federal Reserve is set to deliver its final monetary policy decision of the year on December 18. A 0.25% interest rate cut is widely expected, marking the third rate reduction since September. However, beyond this anticipated move, uncertainty looms over the Fed’s forward guidance and the pace of
Bitcoin (BTC) soared to a new all-time high of $106,488.25 in early Asian hours before settling near $104,500. The surge came amid increased investor confidence but was tempered by caution surrounding the upcoming U.S. Federal Reserve (Fed) rate cut decision. Bitcoin currently trades at $104,649, up 2.34% in the last
Leading Bitcoin ATM operator in the United States, Byte Federal, has reportedly announced a data breach might affect around 58K users. The breach allegedly occurred on September 30 and was discovered on November 18, as per the filing with the Maine Attorney General’s Office. Notably, sensitive customer data, including full
On November 27, 2024, Russia’s Federation Council approved a crucial bill outlining the taxation framework for digital currencies. The legislation follows approval from the State Duma, the lower house of parliament, the day before. With President Vladimir Putin’s expected signature, the bill will soon become law, officially establishing new rules
Stellar XLM price has surged to $0.27, marking a new yearly high after breaking out of prolonged consolidation near $0.10. This major rally confirms a strong bullish trend, supported by technical patterns and interest in Stellar as a blockchain solution. Technical Analysis The XLM price chart shows a remarkable breakout
A California federal judge has rejected the crypto exchange’s request for an interlocutory appeal in its ongoing case with the U.S. Securities and Exchange Commission (SEC). Judge William Orrick issued the ruling on November 18, emphasizing that an appeal would only delay resolution without advancing the case. The SEC filed
The Asian side of the world woke up to the crypto market’s slight dip in prices. However, on a positive note, prices have steadied their position in the bull run after recent rallies. This clears the path for more progressive growth in the coming days. Meanwhile, turning eyes to major
The cryptocurrency market gears up for a crucial week; all eyes are on the upcoming FOMC interest-rate decision from the US Federal Reserve—set for November 7. This announcement is highly anticipated, as it could significantly impact market sentiment and outline the future of Bitcoin (BTC) and other altcoins. Current predictions
The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a
