The FOMC boosted the interest rate by a robust 75 basis points in July as part of its hawkish monetary campaign to tame inflation, which has hit a four-decade high. The committee, which meets regularly to set U.S. monetary policy, is widely expected to increase the rate by a similar amount at its September meeting. Original Source ComingConcernFederalHikesMinutesRateReserveRisksShowStablecoin CryptoX Portal
Dogecoin (DOGE) goes straight to weekly gains of 11.4% following an intraday movement hovering towards $0.0847. Dogecoin jumps 15% in a matter of 24 hours Rallies amid the upcoming merge with Ethereum Growth fueled by ‘fake projects’ Dogecoin (DOGE), Elon Musk’s favorite dog meme coin, has spiked by 15%. Monday was phenomenal for Dogecoin as it surged by more than 16% and the meme coin is just warming up. And it’s not just Dogecoin that’s enjoying the bullish movement because other dog meme coins like Shiba Inu have had explosive…
The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe. In a Wednesday statement, the ECB’s banking supervision division said it would be taking steps to regulate digital assets given “national frameworks governing crypto-assets diverge quite extensively” and seemingly differing approaches to harmonization following the passage of the Markets in Crypto-Assets, or MiCA, and the Basel Committee on Banking Supervision issuing guidelines for banks’ exposure to crypto. The ECB said it would apply criteria from…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #Binance #Cryptocurrency $600 BONUS for new users►► Refferal ID – GT2XTOSD The Crypto Market seems going down everyday, everyone is not assuming the markets to go up in the near future but it will take time for the market to recover. But what should a Crypto Investor do while HODLing their Crypto in exchange / wallets. Also get $600 Cashback if you open your new Binance account using our Link and start trading today. We will also learn how to stake…
The United States Federal Reserve Board issued a letter Tuesday to its supervisory officers, staff and the banks they supervise regarding activities with crypto assets. The letter covers the preliminary steps a bank must go through before engaging in activities with crypto and instructs banks to notify the board before proceeding with those activities. The letter, signed by the directors of the regulatory and community affairs divisions, applies to all banks supervised by the Fed with no threshold of minimum assets. It begins with a warning about the risks associated…
According to Zack Gall, vice president of communications at the ENF, the hard fork of the code of the EOSIO blockchain is slated for Sept. 21, which is when the official switch over to Antelope will take place. Because this is a hard fork, all member computers, or nodes, will have to upgrade in order to continue to run on the new protocol. Source
Coinbase chief product officer Surojit Chatterjee says he’s confident his exchange can beat out its top competitors. In a new interview on the Unchained Podcast, Chatterjee says competition is good for the crypto space and spurs innovation. “In terms of why we think we are in a good place, I think, first, our focus on trust. That we want to be the most trusted option for customers, period. And that comes from our investment in security, preventing hacks, compliance, and this is a lot of investment for many years. You…
According to local news outlet LaPresse on Wednesday, the Caisse de dépôt et placement du Québec (CDPQ), an institutional investor chartered with managing retirement assets in Canada’s predominantly French-speaking province of Quebec, wrote off almost the entirety of its CA$200 million ($154.7 million) investment in troubled cryptocurrency lender Celsius Network. The move came just ten months after the CDPQ and growth equity firm WestCap made a joint investment of $400 million into Celsius at a valuation of $3 billion. At that time, Celsius boasted over 1,000 employees, $25 billion in…
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected “hardfork” token The first strategy is relatively simple. Traders can simply buy Ether (ETH) in the spot market and hold it in their exchange wallet, or whatever platform/wallet will support forked tokens, and wait for…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Venture capitalist Kevin O’Leary discusses the crypto crash, how it can help build a stronger industry and why crypto needs more regulation. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing…