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Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
14.12.2022
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...
Federal Reserve Hikes US Rate 50 Basis Points, Slowing Pace but Keeping Hawkish Outlook
14.12.2022
The U.S. central bank raised its benchmark interest rate to a range of 4.25%-4.5% on Wednesday. Officials now expect the current rate-hiking cycle to peak next year at a "terminal rate" above 5%
Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting
14.12.2022
Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana...
Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high
14.12.2022
Bitcoin keeps up the gains with U.S. stocks with hours to go until a decision on rate hikes and comments from Fed Chair Powell
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision
14.12.2022
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today...
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...
Crypto Markets Today: Binance a Target of Federal Probe
12.12.2022
Industry woes widened on Monday with a Reuters report that U.S. prosecutors are considering criminal charges against Binance and individual senior executives, including CEO Changpeng Zhao. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
BTC price shakes off Binance 'FUD' as analysts eye Q1 2023 Bitcoin bottom
12.12.2022
BTC price stability remains for the time being, but there's plenty in store to "scare" Bitcoin traders
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower Ahead of US Inflation Data
12.12.2022
Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike...
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens ‘Have Not Been Shown to Have Any Economic Value at All’
12.12.2022
Ben Bernanke, former chairman of the Federal Reserve and also the winner of the 2022 Nobel Prize in economics, has recently blasted the concept of cryptocurrencies. In an interview with Dagens Nyheter, one of the biggest Swedish journals, Bernanke remarked that cryptocurrencies have not proven they...
'Biggest week of the year' — 5 things to know in Bitcoin this week
12.12.2022
Bitcoin price action, sideways since FTX, could see snap volatility thanks to the "most important" CPI print of the year
Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says
11.12.2022
Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins...
Judge Dismisses Crypto Lawsuit Against Kim Kardashian
11.12.2022
A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the zeitgeist of the moment.” Crypto Lawsuit Against...
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
11.12.2022
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon...
Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars
11.12.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printed. Robert Kiyosaki Predicts Bitcoin Investors Will Get Richer The author...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend
10.12.2022
Bitcoin started the weekend trading above $17,000, as traders prepare for next week’s U.S. Federal Reserve interest decision. Markets now expect that the Fed could continue hiking rates, following a higher than expected increase in producer prices. Ethereum mainly consolidated on Saturday...
US lawmakers question federal regulators on banks' ties to crypto firms
8.12.2022
“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith
Founder of FTX Sam Bankman-Fried faces Federal inquiry
8.12.2022
The life and times for the founder of FTX, Sam Bankman-Fried, are only getting more complicated and confusing as presently he is seemingly facing a Federal-enquiry, which the Federal authorities have duly initiated. Their main aim and intention are to successfully unravel the murky details behind...
Former Federal Prosecutor: Sam Bankman-Fried Should Be ‘Very Concerned About Prison Time’
7.12.2022
FTX founder and former CEO Sam Bankman-Fried should be “very concerned about prison time” after the collapse of his crypto empire, a former US federal prosecutor has said.
Speaking in an interview with CNBC, Renato Mariotti, a former federal prosecutor and attorney who has represented clients...
Ethereum 'March 2020' fractal hints at price bottom — But ETH bears predict 50% crash
6.12.2022
Ethereum market analysts desperately search for the bottom but ETH price technicals aren't excluding further downside below $700