Wed, February 19

Bitcoin Lost its Bullish Momentum After Fed’s Announcement

After the financial crisis in the crypto market and the collapse of several major banking institutions, Bitcoin registered better results than nearly 100% of the 500 leading trade companies in the United States on March 2023.  Since March 10, the trading price of Bitcoin has surged by 37.06% and over

March 23, 2023 1 min read

Google Rushes to Catch Up in the AI Race 

Google announced its upcoming generative AI integration across its various Google Apps including Workspace, Slides, Docs, Sheets, Meet, and Mail on Twitter. Announcing new #generativeAI technologies that empower developers to build #genapps with enterprise-level safety, security, and privacy → https://t.co/ZpsStHI2go pic.twitter.com/lkD2OtbbkK — Google Cloud (@googlecloud) March 14, 2023 Google has

March 15, 2023 2 mins read

Moody’s Lowers the Rating of Signature Bank After its Collapse

Credits rating agency Moody’s downgraded the debt rating of recently collapsed New York-based Signature Bank deep into “junk territory.” Moody’s rated Signature bank’s subordinate debt c, the grade indicates that the company is vulnerable to adverse economic conditions. It also stated that Moody’s withdraws the future ratings of the collapsed

March 14, 2023 1 min read

Coinbase Updated Q4 Revenue, Transaction Volume Continues to Drop

Cryptocurrency exchange Coinbase outpaced revenue forecasts for the fourth quarter of 2022. Its transaction volume continued to drop. A year after Coinbase made $840 million in net profits during the height of cryptocurrency growth. And the company reported a $557 million net loss. As per reports, for the fourth quarter,

February 22, 2023 1 min read

US Federal Reserve on Bitcoin’s Response To Monetary News

On Wednesday, US Federal Reserve Bank of New York released a 31-page report titled “The Bitcoin – Macro Disconnect”, compiling the findings of the impact of macroeconomic news on Bitcoin and other asset classes. Significantly, the findings of the analysis pushed the United State’s central bank into a perplexed state. 

February 9, 2023 2 mins read

CFTC’s Commissioner Seeks to Expand Powers Over Crypto Firms

The Commodity Futures Trading Commission (CFTC) of the United States is advising lawmakers to grant regulators the authority to examine the books of any firm seeking to acquire a significant interest in any registered market player. Commissioner Kristin Johnson has proposed that Congress pass legislation to close the current oversight

January 27, 2023 2 mins read

FHLB Led Billions of Dollars to the Most Prominent Crypto Banks

The  Federal Home Loan Banks System (FHLB) of the United States is financing billions of dollars to two of the biggest cryptocurrency banks to lessen the impact of a spike in withdrawals. The FHLB is an association of 11 regional banks from different parts of the country. And that lend

January 24, 2023 2 mins read

China Blames America for Crippling Other Nations

China blames the United States for crippling other nations with their debt. With a soaring $31.5 trillion debt – the new all-time high statutory debt ceiling, the United States is at the epicenter of accusations. One among those is China’s blast off against the US for “sabotaging” other nations’ measures.

January 24, 2023 1 min read

New Hampshire’s Crypto Commission Releases Its Final Report

On January 19, New Hampshire Governor Chris Sununu announced the release of the Governor’s Commission’s final report on cryptocurrencies and digital assets. The “comprehensive” and “timely” crypto report compiled the Commission’s findings and recommendations on the progress of blockchain technologies and the state’s legal stance. In the report, the Commission

January 20, 2023 2 mins read

Ripple CEO Says the SEC Lawsuit Will Be Resolved Soon

The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement

January 19, 2023 2 mins read