Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'
While the rate increase was expected by the markets and Powell indicating more increases will come, the market seems to have reacted positively to the latest FOMC speech.
BonqDAO protocol suffers $120M loss after oracle hack
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
MATIC May Take The Crypto Market By Surprise, Here’s Why
MATIC made a 180-degree turn at the beginning of the year, following Bitcoin’s lead. The token, used to govern and secure the Polygon Network, had consolidated since mid-July, with some erratic price action recorded in November. At the time…
Are Nigerians Really Buying Bitcoin For As High As $34,000?
Over the last couple of weeks, reports have emerged that crypto users in Nigeria have been buying bitcoin (BTC) for a pretty hefty premium. On the surface, it may seem that these reports are accurate, but they are essentially wrong, and this report…
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory…
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why
Bitcoin is shaking off sellers of January 30, price action on late February 1 shows. The FED Raises Interest Rates The spark in BTC demand is because of Federal Reserve (FED) Chair Jerome Powell’s comments on the general economy and the central…
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed…
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
Litecoin (LTC) recently saw an impressive 80% rally after the first ten days of November 2022. According to Santiment, a crypto analytics firm, this remarkable increase results from two key factors. Reasons Behind Litecoin’s Bullish Trend…
LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services
LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers.Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services…
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High
On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT…
Meta gets court win in metaverse acquisition plans: Report
Should the Federal Trade Commission not appeal the ruling, Meta would likely be able to acquire additional companies offering metaverse-related products or services.
Crypto traders are waiting for the result of today's FOMC and it’s possible that the recent downside could reverse course if Powell’s statements hint at an improving U.S economy.
U.K. Details Plan To Regulate Bitcoin, Cryptocurrency Industry
The United Kingdom has released its first consultation on crypto trading and lending regulation within the country.The United Kingdom has released its plans to regulate the cryptocurrency industry within the country.The announcement highlights that…
Bitcoin Monthly Signals Stack Suggesting Bulls Are Ready To Stampede
Bitcoin price closed the January monthly candle with the largest climb since the 2021 bull market ended. Considering the macro conditions and risk of recession, the market remains skeptical of further upside. However, the monthly candle structure…
Why Ark Invest Believes Bitcoin Could Emerge As Multi-Trillion Dollar Market
Bitcoin has returned to a consolidation state as the macroeconomic dust settles in the coming days. The number one crypto by market capitalization rallied for most of January and is now entering a new month with market expectations of higher…
South African Retail Giant Pick-n-Pay Now Accepts Bitcoin Payments At All Locations
Pick n Pay has partnered with CryptoQR in order to accept bitcoin at more than 2,000 stores.Pick n Pay, a South African retailer, has launched acceptance of bitcoin for payments throughout all of their stores. Previously, a test pilot had rolled…
Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains
Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another…
Federal judge bars SBF from contacting FTX and Alameda employees via Signal
Sam Bankman-Fried could also be barred from accessing FTX and Alameda funds as part of his bail conditions, with a judge scheduled to discuss the matter in a Feb. 7 hearing.
Social Token Platform ‘Rally’ Shuts Down Sidechain, Native Token RLY Plunges 10%
Social token platform ‘Rally’ announced on January 31 the shutdown of its sidechain blockchain network, meaning that users would not be able to access non-fungible tokens (NFTs) on its sidechain. Rally communicated the shocking message…
Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment
The Agenda podcast explores the concept of financial sovereignty, Black American empowerment and the promise of Bitcoin with the revolutionary Najah Roberts.
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