The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated …
Continue reading “Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year”
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC …
Continue reading “NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes”
Crypto lending platform Maple Finance has unveiled a major protocol upgrade aimed at making defaults and liquidation procedures less cumbersome in the wake of recent defaults. Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring loans to be overcollateralized, it instead allows managers to issue loans from its lending pools …
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The Fetch.ai price prediction shows that FET is moving with an uptrend, and the traders could expect an early arrival of a price rally. Fetch.ai […] Go to Source
Veteran analyst and technical trader Peter Brandt says Bitcoin (BTC) is likely setting up for a major move after months of quiet consolidation. In a new YouTube strategy session with trader Tone Vays, Brandt says that Bitcoin’s technicals are suggesting a “washout” to nearly 30% down from current prices. Brandt, who predicted Bitcoin’s collapse after …
Shark Tank star Kevin O’Leary has revealed a phone conversation he had with former FTX CEO Sam Bankman-Fried after the crypto exchange lost its customers’ funds. Speaking under oath in front of the U.S. House of Representatives Financial Services Committee, the former FTX spokesperson details the conversation he had with Bankman-Fried last month after he …
The executives at the now-collapsed crypto exchange FTX and its trading arm Alameda Research are reportedly exchanging secret information using a Signal chat group called “Wirefraud.” A new report from The Australian Financial Review indicates FTX founders Sam Bankman-Fried and Gary Wang, former FTX director of engineering Nishad Singh and former Alameda CEO Caroline Ellison …
A popular crypto strategist says that Solana (SOL) has the potential to go on a massive rally and reach a new all-time high. In a new video update, the host of InvestAnswers tells his 444,000 YouTube subscribers that one way to gauge Solana’s current strength is to look at daily active usage (DAU) among top …
The collapse of FTX was triggered by Binance, claimed investor Kevin O’Leary on Dec. 14 speaking at the United States Senate committee hearing about the crypto exchange meltdown. O’Leary, who was a paid spokesperson for FTX, provided details about conversations with Sam Bankman-Fried in the days before FTX filed for bankruptcy. During his testimony, O’Leary …
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On Dec. 14, Bitcoin (BTC) price hit a 1-month high and saw a brief resurgence in bullish momentum, but the Federal Reserve’s Federal Open Market Committee (FOMC) hawkish report and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659. Stocks and Bitcoin started the day slightly up but quickly retracted …
Continue reading “Here is why Bitcoin price gave back all its intraday gains”
Digital payments platform PayPal has teamed up with MetaMask parent company ConsenSys to allow MetaMask users to purchase and transfer Ether (ETH) via PayPal’s platform. According to the Dec. 14 announcement, the service will initially be rolled out only to select PayPal users within the United States, as the country is one of MetaMask’s largest markets in …
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United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange. In a Dec. 14 hearing on ‘Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers’, many senators reiterated views on crypto they had held seemingly without …
Continue reading “Senate FTX hearing: calls for regulation and crypto criticisms aplenty”
Dash 2 Trade, which may potentially be a leading provider of financial trading services accompanied by advanced analytics and trading tools and products, is closing […] Go to Source
The Financial Stability Board, the world’s largest financial services regulator, is reportedly planning to roll out a global regulatory scheme for cryptocurrencies in early 2023. According to a new Financial Times report, the FSB will announce in the coming months a timeline for the implementation of international crypto rules that local governments would then impose. …
Crypto investor, trader and content creator Scott Melker, also known as The Wolf Of All Streets, joined the new Crypto Trading Secrets podcast for an interview with host Benjamin Pirus. During the conversation — which was recorded on Nov. 29 — Melker gave his opinion on numerous topics, including what he looks for on Bitcoin’s …
