The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers. In a 50–49 vote on Tuesday, the Senate moved economist Lisa Cook’s nomination for governor in the Federal Reserve System out of the Banking Committee toward a final confirmation vote — though when the government body will take up the matter is uncertain. The Senate will also vote on prospective Fed chair Jerome Powell, who was named chair pro tempore in February, as well as Lael Brainard for vice-chair…
Day: March 29, 2022
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Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure
Bitcoin (BTC) and other cryptos are rising after the Luna Foundation Guard purchased $1 billion worth of BTC over the past few days. Some crypto traders are turning bullish, evidenced by the rise in buy volumes across exchanges. Source
Bitcoin Miner Core Scientific’s Full Year Sales Rise to $545M, Beating Estimates
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…
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WWE Inks Long-Term Deal With Fanatics to Push Official Merchandise, Trading Cards, and NFTs – Blockchain Bitcoin News
The media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, has inked a long-term partnership with the global digital sports platform Fanatics. According to the deal, Fanatics will work with WWE across various ventures such as officially licensed merchandise, trading cards, and non-fungible tokens (NFTs). WWE Partners With Fanatics, Wrestling Entertainment Firm Will Work With Candy Digital WWE has its eyes on non-fungible token (NFT) sales and on March 28, the company signed a long-term deal with the digital sports platform Fanatics. The company is led by…
Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop
This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV). Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has gained 86% over the past seven days, rising from a low of $308 on March 21 to an intraday high at $574 on March 28. GNO/USDT 4-hour chart. Source: TradingView Three reasons for the rapid price increase…
Glassnode’s RHODL Ratio May Suggest Bitcoin Market Is Near Capitulation
Glassnode data shows the RHODL Ratio’s current trend suggests that the Bitcoin market could be near capitulation. Data Shows Bitcoin RHODL Ratio Has Observed Decline Recently As per the latest weekly report from Glassnode, the supply of coins older than one year has significantly risen recently. To understand the RHODL ratio, you first need to have a look at the “realized cap HODL waves.” This indicator measures the USD-dominated amount of Bitcoin held by investors hodling since different periods of time. For example, the wave band for coin age more…
Bitcoin Holding at $47.5K as It Aims for 8-Day Winning Streak
“Bitcoin got a little bit too stretched to the downside,” said Mike McGlone, Senior Strategist at Bloomberg Intelligence. “And now it’s going back to the trend, the middle of the range, basically around $50,000; $30,000 is very good support.” Source
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