The platform lets users bet against each other’s sports picks, with winners minting their takes as NFTs. Source
Sports NFT Platform Stakes Raises $5.3M for ‘Digital Bragging Rights’
Month: May 2022
Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed – Bitcoin News
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 MATIC’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 TradingView showed BTC/USD exhibiting minimal fluctuation as the Fed confirmed what many assumed had already been “priced into” 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…
Matt Taibbi, PayPal's Deplatforming and the Case for Crypto
Matt Taibbi, PayPal's Deplatforming and the Case for Crypto Source
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Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet
In a widely anticipated move, the Federal Reserve raised the official U.S. interest rate by half a percentage point, while saying it will reduce the size of its balance sheet by $47.5 billion a month for three months, and going up to $95 billion a month starting in September, according to a statement Wednesday from the Federal Open Market Committee. Source
Fed hikes interest rates by 50 basis points in effort to combat inflation
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. Markets were braced for Wednesday’s hike, which was the steepest since 2000, so the immediate reaction is expected to be moderate. Fed chair Jerome Powell hinted…
Michael Saylor: New York’s Proposed Bitcoin Law is Damaging to the Environment, Reputation and Economy of the State
Quick summary: Microstrategy CEO, Michael Saylor, has said that the proposed Bitcoin and crypto regulation based on energy use in New York is damaging to the environment, reputation, and economy of the state Mr. Saylor sees the proposed bill as a demonstration of how the law can be manipulated maliciously He has also requested his Twitter followers to let the New York Senate know that the bill has many negative consequences Microstrategy CEO Michael Saylor has chimed in on the proposed law by legislators in the State of New York to…
Bitcoin Higher Ahead of FOMC Announcement
“Today is set up for huge volatility, as the Federal Open Market Committee (FOMC) meet to announce their decision on how much they will raise rates by,” wrote Marcus Sotiriou, analyst at the U.K.-based digital asset broker GlobalBlock in a newsletter. “This event has led most investors to sell equities and crypto over the past month, as they fear a 50-basis point rate hike, which seems highly likely.” Original
Coinbase Opens NFT Marketplace to All
Coinbase NFT will look to take a chunk of market share from the NFT marketplace kingpin OpenSea, debuting with zero-transaction fees for a limited time, the company’s vice president of product, Sanchan Saxena, said last month during a press briefing. Source