While the rate increase was expected by the markets and Jerome Powell indicated more increases will come, the market has reacted positively to the Fed chairman’s comments. The price of Bitcoin BTC $24,020 broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell
The crypto market is down today as Bitcoin and stocks correct and investors await Powell’s comments on the size of the next interest rate hike and the health of the US economy. The crypto market is down today, as market volatility increases ahead of the Feb. 1 post-Federal Open Market Committee (FOMC) presser where Fed
Token Unlocks’ 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023. The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes that
I love Anko. I started Anko with 1 million free Anko coins but today I am a proud holder of more than 57 million Anko coins without paying a dime to mine Anko. I am very grateful to the initiator of Anko coin and his team. God bless them. God bless the good and kind
The National Australia Bank (NAB), one of the four biggest Australian banks, has created a stablecoin called AUDN which it aims to launch in the middle of 2023, according to the Australian Financial Review (AFR) report. The purpose of AUDN would be to allow its customers to settle transactions on blockchain technology in real-time using
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months. Bitcoin (BTC) could be in position for a big move higher if history is any guide, with a recent upswing paralleling the
A Bitcoin mining project in a remote corner of Malawi connects more families to the grid while delivering economic empowerment to an impoverished region. A Bitcoin BTC $23,404 mining project that taps into clean, stranded and excess hydro energy in Malawi, a landlocked country in southeastern Africa, has picked up steam. The company behind the
The new bill was approved on Jan. 24 and will come into force January 2025. EU lawmakers passed a law Jan. 24 that mandates banks invested in crypto to hold the euro equivalent of their crypto investments as capital, Reuters reported. The requirement will come into force in January 2025 to give banks enough time
The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B. On January 21, the Bitcoin logo illuminated the Berliner Fernsehturm tower–known as the TV Tower. German Bitcoiners took to Twitter and social media to share photos and videos of the illumination, then shared
Bitcoin, the king of cryptocurrencies, has been crossing multiple crucial resistances since the start of the year. According to CoinGecko, the coin is now up 14% in the weekly timeframe, and trading at $23,008, making BTC break through the $22,000 and $23,000 resistance levels that have limited the crypto’s ascent. This year witnessed a complete
Bitcoin, the king of cryptocurrencies, has been crossing multiple crucial resistances since the start of the year. According to CoinGecko, the coin is now up 14% in the weekly timeframe, and trading at $23,008, making BTC break through the $22,000 and $23,000 resistance levels that have limited the crypto’s ascent. This year witnessed a complete
The National Australia Bank (NAB), one of the four biggest Australian banks, has created a stablecoin called AUDN which it aims to launch in the middle of 2023, according to the Australian Financial Review (AFR) report. The purpose of AUDN would be to allow its customers to settle transactions on blockchain technology in real-time using
Token Unlocks’ 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023. The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes that
The number of Ethereum (ETH) holders grew 263% between January and December 2022, according to a research report by Crypto.com. The number of ETH investors spiked to 87 million by the end of December from 27 million in January. Comparatively, Bitcoin (BTC) owners grew by only 20%, from 183 million in January to 219 million
Coinbase crypto exchange originally started planning its Japanese expansion during the bear market in 2018. Despite Bitcoin BTC tickers down $20,820 returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan. Coinbase officially announced on Jan. 18 that the firm would terminate operations in
Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. • Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels. • The price is trading above $20,200 and the 100 hourly simple moving average. • There is a major
In 2023, Tim Cook will take quite a large amount of pay cut as reported by Mark Gurman of Bloomberg. This is based on Shareholders’ feedback and recommendations from Tim himself. The recommendations and feedbacks request that Tim Cook will adjust his compensations. The filing has indicated a new compensation target for the year 2023.
Previous reports suggested that FTX saw losses peak at nearly $9 billion in total liabilities. According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has “recovered $5 billion in cash and liquid cryptocurrencies.” However, the exchange is still “working to rebuild transaction history,” and the total amount of customer shortfall is “still unclear.” The
The $22.38 billion worth of staked ETH will be impossible to withdraw until Ethereum’s next big upgrade. Almost four months after Ethereum’s successful shift to a proof-of-stake network, the second-biggest blockchain by market cap has passed another major milestone. More than 16 million ether (ETH) have been deposited into Ethereum’s Beacon Chain staking contract, data
A new Bitcoin lightning node in Nigeria could inspire individuals to take “control of their financial future,” node runner Megasley told Cointelegraph. The Lightning Network has struck the earth in one of the most challenging operating environments. Lagos, the capital of Nigeria — Africa’s most populous country — welcomed a new Bitcoin Lightning Network (LN)
Coinbase’s CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase’s shares were up almost 3% premarket after the announcement. Coinbase, the largest cryptocurrency exchange in the U.S., announced a major restructuring plan that will help it weather the broader crypto market downturn. Brian Armstrong,
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week. Cryptocurrency exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours alone, approximately $60 million has flowed out of the exchange, according to crypto analytics company
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week. Cryptocurrency exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours alone, approximately $60 million has flowed out of the exchange, according to crypto analytics company
According to a series of recently occurred transactions, Justin Sun has received $200 million from the Binance exchange to his personal wallets. The flurry of transactions is happening while rumors about the problematic state of Huobi are rising in the background. Justin Sun is officially affiliated to Huobi. Back in December, Justin Sun withdrew $1.1
