More recently, Federal Reserve Chairman Jerome Powell mentioned that the U.S. economy hasn’t experienced a resurgence of inflation according to the central bank’s benchmark. This observation suggests that it’s unlikely for the Fed to implement interest rate reductions in the near future. According to Powell at the central banking event, the latest figures have not … Read more
Recently, Celsisus Network finished a significant financial deal, sending 8,091 Ethereum tokens worth around $24.5 million to Coinbase. The price of each Ethereum token was set at roughly $3,022 during the transaction. This is the largest deposit made by the cryptocurrency lending platform to the exchange in the past quarter. Part of Celsius Network’s broader … Read more
Monica Long, the head of Ripple, has drawn attention to the increasing importance of cryptocurrencies in Latin America, with Brazil standing out as a major player in this field. The president of Ripple emphasized Brazil’s increasing importance in the cryptocurrency world. He pointed out Brazil’s involvement in traditional finance, forward-thinking regulatory attitude, and expanding developer … Read more
In the unpredictable realm of cryptocurrencies, Chainlink (LINK) has piqued the interest of both traders and analysts due to its recent significant decrease in the MVRV Ratio. According to well-known crypto expert Ali Martinez’s analysis, the declining 30-day MVRV Ratio for Chainlink typically indicates excellent purchasing chances, yielding average profits of approximately 50%. The current … Read more
Known critic of Bitcoin, Peter Schiff, has contradicted arguments suggesting a significant inflow of funds from Wall Street investors into the Bitcoin market. Peter Schiff counter-criticism In response to Anthony Pompliano’s comments during a CNBC Squawk Box interview about new investments flowing into Bitcoin primarily from Wall Street, Peter Schiff countered that, in fact, many … Read more
Anthony Pompliano, a venture capitalist and angel investor with a strong presence on Twitter under the name “Pomp,” and who is well-known for his advocacy of Bitcoin, recently made a guest appearance on Fox News. He clarified that both Bitcoin and other financial markets experienced declines over the weekend, yet he emphasized that Bitcoin was … Read more
In the opening three months of 2024, the Merit Circle ecosystem experienced significant expansion. The value of the Treasury’s holdings surpassed $94 million, adding to a grand total of approximately $201 million. This notable growth underscores the robust financial condition and successful investment approach of the ecosystem, specifically in the gaming sector. Merit Circle has … Read more
Recently, Dogecoin (DOGE) could experience a significant jump in price and reach a new peak, according to recent analysis by IntoTheBlock. The reason for this potential increase is the absorption of approximately 21.74 billion DOGE coins within a price range between $0.1636 and $0.671. With over 953,590 wallets currently holding it, this large amount of … Read more
Eric Balchunas and Rebecca Sin, both analysts at Bloomberg, have revised their projections for the assets that could be managed by Bitcoin and Ethereum ETFs based in Hong Kong. The new forecast suggests that the AUM (Assets Under Management) for these funds might not exceed $1 billion. Hong Kong Bitcoin & Ethereum ETFs Might Face … Read more
In the volatile cryptocurrency marketplace, David Schwartz, Ripple‘s tech chief, speaks out to quell rumors regarding his affluence. Ripple CTO: Clarification Amidst Confusion A recent query from an XRP supporter led to Schwartz’s latest explanation. During an NBA game, Schwartz posted a photo of the Golden State Warriors versus Utah Jazz with an unusual viewpoint. … Read more