Day: May 4, 2022

When Will The Bitcoin Carnage End?

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Data shows the Bitcoin market has mostly showed a sentiment of fear and extreme fear for around five months now as the price continues to struggle. Bitcoin Fear And Greed Index Continues To Point At A Fearful Market As per the latest weekly report from Arcane Research, the crypto market has remained fearful this week as prices show no signs of recovery. The โ€œfear and greed indexโ€ is an indicator that tells us about the general sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs…

California governor issues blockchain executive order building on US Presidentโ€™s regulatory efforts

Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space. In a Wednesday announcement, the California governorโ€™s office said executive order N-9-22 and the California Consumer Financial Protection Law would allow the state to create โ€œa transparent and consistent business environment for companiesโ€ in Web3 and the crypto space, including blockchain and financial technology firms. According to the order, the California state government will need…

Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed โ€“ Bitcoin News

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Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATICโ€™s 19,000 decentralized applications (dapps) and games. Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process Three days ago, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside metaverse…

Bitcoin wobbles around $39K as Fed confirms up to 1% key rate target next

Bitcoin (BTC) stayed mostly steady at $39,000 on May 4 as the U.S. Federal Reserve conformed to expectations of a 0.5% key interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin eerily calm on Fed statement Data from Cryptox Markets Pro and TradingViewย showed BTC/USD exhibiting minimal fluctuation as the Fed confirmed what many assumed had already been โ€œpriced intoโ€ markets. In contrast to previous remarks from the Federal Open Markets Committee (FOMC), the May 4 statement did not spark major volatility on crypto markets. The most that traders…

BREAKING: FINANZMARKT bricht zusammen! Die Grรผnde! So steht es um Bitcoin & dem Krypto Markt! NEWS

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Fed hikes interest rates by 50 basis points in effort to combat inflation

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The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an expected seven rate adjustments this year. In March, the Federal Reserve raised its benchmark rate by 25 basis points, or 0.25%, marking the first upward adjustment since 2018.ย  Markets were braced for Wednesdayโ€™s hike, which was the steepest since 2000, so the immediate reaction is expected to be moderate. Fed chair Jerome Powell hinted…