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Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that...
Stablecoin Supply Decreases for First Time in History
Key Takeaways The total supply of stablecoins dropped for the first time in history. CoinMetrics charts show that over $13 billion has been redeemed directly from the treasures of major issuers, inclu...
Vulcan Materials Company is ‘ideal for an inflationary environment’
The Materials Select Sector SPDR Fund (XLB) is down more than 10% since last Tuesday, which, as per Rose Advisors’ Patrick Fruzzetti, is an opportunity to position your portfolio for long-term returns...
Coinbase Slashes Workforce by 18% to Prepare for ‘Extended’ Crypto Winter
The leading U.S. crypto exchange Coinbase is cutting its workforce by 18% in preparation for the possibility of an “extended” crypto winter. In a blog post from CEO Brian Armstrong, the co...
J.P. Morgan Makes 2 Bottom-Fishing Bets for Long-Term Gains
Inflation is on everyone’s minds these days, and for good reason. Annualized price increases are at their highest level in 41 years, and are evoking memories of the Carter Administration. Carter’s fai...
South Korean Exchange Issues Warning on Tron and Waves’ Stablecoins
South Korea’s largest domestic crypto exchange has sounded the alarm over the de-pegging of Tron’s USDD and Waves’ Neutrino USDN stablecoins. Upbit exchange said: “At the moment, there is a situation ...
DeFi, NFT activities, and crypto games: Terra disaster had impacted DeFi ecosystems
According to statistics, user adoption and the number of web3 developers increased during the bear season, which was exacerbated by the macroeconomic crisis and Terra’s crisis. Defi, NFT activities, a...
Gen Z will be the richest ever
Children born between 1995 and 2010 will be the richest generation ever. By 2031, Gen Z will surpass the earnings of the Millennials and in the following years will multiply the figure fivefold. The b...
Price and Value of Bitcoin Completely Decoupling, Says Morgan Creek’s Anthony Pompliano
Morgan Creek Digital co-founder Anthony Pompliano is assessing the state of Bitcoin (BTC) after the top crypto asset by market cap lost two-thirds of its value since reaching a new all-time high last ...
5 Best Cryptocurrency for Lower Risk Returns June 2022
With investors looking to protect themselves from the current market downturn, it is especially important to find digital assets that pose little to no threat to their portfolios. Below, we’ll look in...
Elon Musk Appeals Judge’s Refusal To End Supervision Of His Tesla Tweets
Topline Elon Musk on Wednesday appealed a federal judge’s refusal to end an agreement between the Tesla CEO and the Securities and Exchange Commission, which requires oversight of his Twitter posts ab...
Bitcoin Might Hit Bottom Between September – November. Here’s How Low BTC Price Can Drop – Coinpedia – Fintech & Cryptocurreny News Media
The sharp uptick in inflation and the Federal Reserve interest rate increases have triggered a sell-off across the crypto market. Bitcoin Price continues to bleed this week now hovering just above $20...
Housing Market Could ‘Torpedo’ U.S. Economy, Expert Warns
Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest...
Bill Gates compares cryptos and NFTs to “greater fool theory”
Microsoft co-founder Bill Gates believes cryptos and NFTs are “greater fool theory” investments, in a sarcastic rant stating “expensive digital images of monkeys would surely improve the world.” Spea...
A look at Warren Buffett’s cryptocurrency stance over the years
Amid the ongoing bloodbath in the cryptocurrency market, and billions of dollars being wiped off, Billionaire investor Warren Buffett’s remarks and actions can serve as a stepping stone going forward....
Tron Collapses by 20% Daily as USDD Drifts Away From Peg
Tron lost its momentum over the weekend, and since then, it has crashed by over 40%. The cryptocurrency now struggles to find support. Key Support levels: $0.050, $0.040 Key Resistance levels: $0.057,...
Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian
When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billion...
Celsius may be market’s Achilles heel, but why then did CEL rally by 100%
As the cryptocurrency ecosystem gradually recovers from the impact of the collapse of Do Kwon’s LUNA and his UST stablecoin, the suspension of withdrawals, swaps, and transfers between accounts on Cel...
Approximately 7 billion Tether (USDT) redeemed as stablecoin supply decreases
Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supp...
Building a blockchain for developing NFTs with utility: Case of Ternoa
A year into the boom of NFTs, they are no longer just mere cultural assets but building blocks of Web3. Used for Metaverse experiences, games, and decentralized applications, NFTs are now at the cente...
Crypto Experts Explore Whether Bitcoin is a Hedge Against Inflation!
The value of Bitcoin has dropped from around $70,000 to below $30,000 as the entire crypto market experienced a downturn. The analysts predict that the crypto asset will continue to experience further...
Five Major South Korean Exchanges Are Banding Together To Prevent Another LUNA-Like Implosion ⋆ ZyCrypto
Advertisement     A group of South Korean crypto exchanges is working to prevent a repeat of Terra’s implosion in May. The exchanges will act together to ensure unifor...
Binance CEO Changpeng Zhao Says Exchange Will Launch Big Hiring Spree During Crypto Bear Market: Report
The world’s largest digital assets exchange is planning a hiring spree as some of its competitors slash jobs during the current crypto market downturn. According to a new report by Fortune, Changpeng ...
Tether Clears Air Over USDT Backing As Crypto Collapses
Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used ...
Powell says Fed could hike rates by 0.75 percentage point in July
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar ...
Ternoa, First NFT-Centric Blockchain, Releases Mainnet Setting to Disrupt NFT Economy – Press release Bitcoin News
press release PRESS RELEASE. Paris, France, 15 June 2022: Ternoa is a layer 1 open-source blockchain ecosystem that facilitates the adoption of utilitarian NFTs by giving developers full technological...
Lego Brings Manufacturing Back To The U.S., 15 Years After Pulling Plug
The move will allow it to shorten the distance that its products have to travel to reach customers. SOPA Images/LightRocket via Getty Images Fifteen years after laying off 300 workers, shuttering its ...
Crypto Market In Panic Ahead Of FED Meeting, Will It See Relief?
The crypto market could face more volatility during today’s trading session. The U.S. Federal Reserve is set to host its Federal Open Market Committee (FOMC) meeting and possibly announce a hardline a...
Fed Makes Unusually Large Rate Hike, Expects Rates Over 3% By Year End
Jerome Powell, chairman of the US Federal Reserve, following a ceremony in Washington, D.C., US, on … [+] Monday, May 23, 2022. The Senate this month voted to confirm Powell for a second four-ye...
Binance CEO plans to leverage crypto winter
Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business. When asked how Binance will fare during the current crypto winter f...
Nexo is hiring, says its growth is ‘organic’
Despite the market conditions and the swelling contagion fears, Nexo is marching on with its growth ambitions. Nexo says its plans to hire more staff amid the current bear market is due to its busine...