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Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
21.9.2022
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate...
Federal Reserve Hikes Rates to Highest Since 2007; Bitcoin Falls to $19,000
21.9.2022
The Federal Open Market Committee (FOMC) raised the main U.S. interest rate on federal funds by 75 basis points (0.75 percentage point), to a range between 3% and 3.25%, in line with expectations
Bitcoin 'nuke' warning as Fed rate hike decision looms — dollar index hits 20-year high
21.9.2022
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000
Stablecoins Regulation Looms Large in Bill Before US Congress – Algo Versions Face Ban
21.9.2022
While its final version is still very much unclear, the draft stablecoin bill in the United States House of Representatives would reportedly place a two-year ban on algorithmic stablecoins for two years, while allowing banks and nonbanks to issue stablecoins.
According to Bloomberg, the latest...
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years
21.9.2022
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting
20.9.2022
Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, where it is expected that the Federal Reserve will increase interest rates. As inflation continues to remain at elevated levels, many anticipate the Fed will raise rates by over 75 basis points. Ethereum...
Bitcoin analysts give three reasons why BTC price below $20K may be a 'bear trap'
20.9.2022
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle
‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst
20.9.2022
With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower" given how hawkish the Fed has been
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison
20.9.2022
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to...
Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’
19.9.2022
In a recent Twitter Spaces, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics
XRP price risks 30% decline despite Ripple's legal win prospects
19.9.2022
The Federal Reserve's rate hike spree will likely spoil XRP's most bullish fundamentals in years
ICO Promoter Ian Balina Charged With Violating Federal Securities Laws
19.9.2022
Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering (ICO)
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Month Lows to Start the Week
19.9.2022
On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week’s U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting....
Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high
19.9.2022
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022
Crypto market bloodbath leads to $432M in liquidation
19.9.2022
The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 40 years
Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week
19.9.2022
The Fed prepares an inflation move that could act as a "sledgehammer" for crypto and risk assets
DOJ Launches Network of Over 150 Federal Prosecutors to Combat Criminal Uses of Crypto
18.9.2022
The U.S. Department of Justice (DOJ) has established the nationwide Digital Asset Coordinator Network of over 150 federal prosecutors. The authority explained that the new network will further its “efforts to combat the growing threat posed by the illicit use of digital assets to...
Goldman Sachs' bearish macro outlook puts Bitcoin at risk of crashing to $12K
18.9.2022
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support
Robert Kiyosaki Warns Fed Rate Hikes Will Destroy US Economy — Says Invest in ‘Real Money’ Naming Bitcoin
18.9.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve will destroy the U.S. economy with interest rate hikes. He advises people to invest in “real money,” naming bitcoin as an example. Robert Kiyosaki on Fed Rate Hikes, U.S. Economy...
White House publishes ‘first-ever’ comprehensive framework for crypto
16.9.2022
The fact sheet sums up the efforts of nine federal agencies’ research over the past six months