The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of the FOMC Minutes, the stock and cryptocurrency markets were already in a bullish mood. But Powell’s statement that “The time has come
Russia is planning to launch two new cryptocurrency exchanges to bolster its foreign trade (FT) activities. The exchanges will be established in Moscow and St. Petersburg, aiming to create secure platforms for cryptocurrency transactions aligned with international trade practices. In St. Petersburg, the new exchange will be based on the
The United States attorney for the Eastern District of North Carolina has announced that nearly 5 million dollars worth of Tether USDT has been seized from a crypto scam. These funds were traced to cryptocurrency addresses associated with the laundering of unclean funds stolen from victims by following a ‘Pig
El Salvador, under the leadership of President Nayib Bukele, has continued to make changes in the crypto world with its commitment to Bitcoin. Since November 2022, the country has been purchasing one BTC every day as part of its “1 Bitcoin a Day” program. This initiative will continue until Bitcoin
Opinion Labs, a leading innovator in tradable intelligence products, today announced a strategic investment from Binance Labs. This investment marks a pivotal step in Opinion Labs’ mission to build the world’s first fully decentralized epistemic truth machine, providing transparent and objective information to global decision-makers and revolutionizing how intelligence is
The crypto well is brimming with opportunities in 2024, especially for those willing to look beyond the well-known giants like Bitcoin and Ethereum. Altcoins, or alternative cryptocurrencies, have been on fire as of late, offering unique technologies and growth potential. If you’re thinking about diversifying your portfolio or jumping into
In 2020, a college graduate took a bold leap, investing $8000 in Uniswap (UNI) at just $3 a token. Despite doubts from friends and family, this gamble soared beyond expectations, turning his initial investment into $400,000 within a year and clearing his student debt and setting him up for success.
Holders of PayPal’s dollar-pegged PYUSD stablecoin will be eligible for an interest rewards program. Which is an advancement in the company’s stablecoin effort. The next stage in PayPal’s strategy to increase the use of its stablecoin is this program. This is a collaboration with Anchorage Digital. In a partnership with
Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government sell-off. Almost 94,000 Bitcoin were delivered to exchanges on August 4, followed by about 49,000 Bitcoin on
The premier source of real-time financial data, Truflation, has announced that The Big Mac Index has expanded to include 15 more nations, with its total now standing at 17. Since its launch, this internationally renowned economic indicator has been a crucial resource for comprehending currency value and Purchasing Power Parity (PPP).
