U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within cr...
Tag: news
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately – Economics Bitcoin News
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed ...
Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December – Market Updates Bitcoin News
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3...
Stock market news live updates: November 30, 2022
U.S. stocks soared Wednesday afternoon as investors cheered comments from Federal Reserve Chair Jerome Powell that signaled a 50-basis-point rate hike in December. The S&P 500 (^GSPC) rose 3.1%, w...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Mining Bitcoin News
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Cryptos Soar as Investors Wait for News from Fed Chair
Cryptocurrency markets were buoyed in anticipation of positive remarks from Federal Reserve (Fed) Chairman Jerome Powell. Update 30 Nov. (19:00UTC): Federal Reserve Chair Jerome Powell stated that the...
ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’ – Bitcoin News
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s last stand.” Th...
LTC Nears 6-Month High, as Near Rebounds From Recent Lows – Market Updates Bitcoin News
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the glob...
Sam Bankman-Fried Interview Reveals Dark Donations to Republicans, FTX’s ‘Poorly Labeled Accounting’ – Bitcoin News
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. D...
BTC Moves Above $17,000 on Wednesday – Market Updates Bitcoin News
Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in...
Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda – Regulation Bitcoin News
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda repor...
Football Fever Is Infecting DeFi Project With Excitement – Press release Bitcoin News
press release PRESS RELEASE. Doha, Qatar: For the next couple of weeks, over a billion people are glued to the TV every day watching players of their favorite team working brilliantly together to win ...
Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development – Blockchain Bitcoin News
Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 ga...
Bullish news for Solana
Join Our Telegram channel to stay up to date on breaking news coverage Formerly owned SOL tokens not likely to be sold ‘anytime soon’ In an extremely positive turnaround for Solana token holders, acco...
Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round – Fintech Bitcoin News
Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. A...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchang...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then e...
Crypto Initiatives Among Top Priorities Over Next 4 Years – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address th...
Ukraine-based blockchain firm blasts ‘fake news’ for crypto donation rumors amid FTX collapse
A blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia has pushed back against online rumors and conspiracy theories that its pl...
Elon Musk Says Apple Has Threatened to Withhold Twitter From App Store as Battle for Free Speech Escalates – Bitcoin News
Tech giant Apple has threatened to withhold Twitter from its app store, according to Tesla CEO and Twitter chief Elon Musk. The billionaire added: “This is a battle for the future of civilization. If ...
Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000 – Markets and Prices Bitcoin News
Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: “Crypto is here to stay as there are several investors who still hav...
Crypto news site CoinDesk draws buyout interest: Semafor
Crypto news site CoinDesk, owned by Digital Currency Group (DCG), has received takeover interest including one that suggested a $300 million purchase price, according to Semafor, according to Semafor....
Crypto Exchange Bitfront Shuts Down Amid Industry Challenges – Exchanges Bitcoin News
Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media ...
CrowdStrike Ahead of Earnings: Strike Now or Avoid the Crowd?
Cybersecurity firm CrowdStrike Holdings (CRWD) is scheduled to report their latest quarterly numbers to shareholders after the close of trading Tuesday. In our May 31 review of CRWD we wrote that tra...
The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support – Bitcoin News
On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platfo...
NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff – Bitcoin News
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. A...
LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses – Market Updates Bitcoin News
Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogeco...
NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up ...
ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News
Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoi...
President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality – Blockchain Bitcoin News
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an ...