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.
Historically, September has been a challenging month for financial markets, including the cryptocurrency sector. Over the past decade, Bitcoin (BTC) has declined during September in 8 out of 11 years, with an average drop of around 8%. This pattern aligns with broader market trends, as September tends to be bearish
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
Tron’s gas revenue increased by 46.54% in August 2024, reaching $61.43 million according to data from Lookonchain. This surge significantly outpaced other major blockchain networks such as Ethereum, Solana, and Bitcoin, all of which saw declines in gas revenue during the same period. Ethereum’s gas revenue fell by 33.44%, Solana’s
The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore. As experienced DeFi stalwarts will know, wBTC provides users with
Vitalik Buterin, co-founder of Ethereum, thinks that with the help of AI and prediction market technologies, the social media platform X can speed up the generation of Community Notes. Users may provide more context to postings that might be misleading by using the Community Notes, which is an X feature.
FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks
Mark T. Uyeda, a commissioner at the U.S. Securities and Exchange Commission (SEC), has called for a specialized S-1 registration form tailored to digital asset securities. Speaking during a fireside chat at the Korea Blockchain Week 2024 event in Seoul, Uyeda emphasized the need for the SEC to adopt a
Ripple, a leading blockchain-based digital payment network and protocol, has announced significant advancements in Korea and Japan. The company has forged valuable partnerships with a plan to enhance the adoption and functionality of blockchain technology across institutions in these regions. In a long X (Twitter) thread today, Ripple revealed that
In this Toncoin (TON) price prediction for 2024, 2025-2030, we will analyze the price patterns of TON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Toncoin (TON) Current Market Status What is Toncoin (TON)? Toncoin (TON) 24H Technicals TONCOIN
