U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg …
Monthly archives: May 2024
‘Hacker’ identified in celebrity memecoin scams, says crypto sleuth Roxo
A person associated with Caitlyn Jenner’s JENNER coin launch rugged five other prominent figures, but not her, according to Roxo.
Solana (SOL) price encounters resistance near $190 — Here is why
SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.
Blockchain dev Sphere introduces bank-to-wallet Telegram extension
Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension.
Feds Arrest Owner of $100,000,000 Dark Web Marketplace Using Crypto To Process Drug Transactions
US authorities have announced the arrest of the alleged mastermind of a notorious dark web marketplace that allowed users to buy and sell illegal drugs anonymously. In a statement, the U.S. Department of Justice (DOJ) says that 23-year-old Rui-siang Lin, from Taiwan, was arrested at John F. Kennedy Airport on May 18th and subsequently charged …
Bitcoin Ready To Outperform Gold by at Least Double for Rest of Market Cycle: Glassnode Founders
The founders of crypto analytics platform Glassnode are predicting that Bitcoin (BTC) will vastly outperform gold for the remainder of the current bull cycle. The co-founders of Glassnode, who go by the handle Negentropic on the social media platform X, tell their 63,000 followers that the BTC/gold ratio could more than double in the coming …
Former SEC Chair Jay Clayton Says Approval and Trading of Ethereum ETFs Now ‘Inevitable’
Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), says it’s inevitable that a spot Ethereum (ETH) exchange-traded fund (ETF) will go live on American stock exchanges. In a new interview on CNBC television, Clayton notes that the SEC has already approved the product itself, and will likely proceed to approving …
Injective (INJ), Polygon (MATIC) and One Additional Ethereum-Based Altcoin Flashing Bullish Signals: Analyst
One widely followed crypto analyst thinks three leading altcoins are soon to enter bullish phases. Crypto trader Ali Martinez tells his 62,900 followers on the social media platform X that the decentralized supply chain management platform VeChain (VET) is on the verge of lift-off after a successful retest of a parallel channel. “Like in the previous bull …
Donald Trump Promises To Protect the Future of Bitcoin and Crypto in the United States, Says He Supports Right to Self-Custody
Former President Donald Trump is continuing to express his support for the crypto industry, saying that he will protect the right of 50 million Americans to self-custody digital assets. Speaking to his supporters in Washington D.C., the 2024 Republican candidate says that he’s going to “crush” the Biden Administration’s anti-crypto stance. Trump goes on to …
Understanding the Difference Between Onramp Aggregator and Non-Aggregator Platforms
As the cryptocurrency market evolves, platforms have emerged to facilitate the onboarding process for new users and simplify the buying process. Two primary types of platforms that serve this purpose are fiat onramp aggregators and non-aggregator platforms. An aggregator refers to a platform or service that consolidates data from multiple sources, such as exchanges or …
Quantorex.co Review 2024 | Account Types/Assets/Trading Platforms and More
In the realm of online trading, the choice of a trading platform plays a pivotal role in shaping your trading journey. The Importance of Selecting the Right Platform With a plethora of options available, finding the platform that aligns with your trading style and goals is essential. A reliable platform not only provides access to …
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5 Best Free Cryptocurrency Cloud Mining Platforms in 2024 – Daily Payouts
It’s a time to forget expensive equipment and complex setups, as cloud mining offers an accessible way to enter the cryptocurrency world. By renting hashing power from established platforms, you can participate in mining and potentially earn daily rewards. This article explores the top free cloud mining tools in 2024, guiding you through their features, …
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Ethereum’s (ETH) Breakout Towards $4k: All Time High in Sight
Ethereum, the second-largest cryptocurrency by market capitalization, has been on a tear in recent weeks, with its price surging over 27% and breaking out of a falling wedge chart formation. This breakout has caught the attention of analysts and investors alike, as it potentially signals a reversal from the previous downward trend and could lead …
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Polkadot celebrates 4 year anniversary with unanimous JAM upgrade approval
The Polkadot community celebrated the blockchain’s fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens. JAM ratification JAM is a decentralized hybrid system offering secure and scalable smart contract functionalities by merging features from Ethereum within Polkadot’s framework. This upgrade …
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Elon Musk’s xAI leaps to $24 billion valuation with $6 billion funding round
Artificial intelligence firm xAI has secured $6 billion in a Series B funding round, according to a May 27 statement. Elon Musk, the company’s founder, revealed that its pre-money valuation was $18 billion, meaning this latest funding round boosted its valuation to $24 billion—a significant milestone considering the firm launched just 11 months ago, in …
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