The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing. Source
Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners
Day: September 21, 2022
Crypto-Linked Stocks Rally After Fed Rate Hike
Cryptocurrency-exposed stocks rose as Bitcoin and Ethereum advanced following Wednesday’s Federal reserve meeting which included a rate hike. Source
Bitcoin Lightning-Enabled ‘Listen-to-Earn’ Podcast App Gets an Upgrade
The app’s new model offers a simpler, more intuitive and more transparent way for listeners to earn BTC. Source
Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%
Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) interest rate rise on Sept. 21. Traders sold the news BTC’s price dropped circa 6.5% from its intraday high of $19,950, hitting $18,660 minutes after the Federal Open Market Committee’s statement. Its decline mirrored a similar sudden correction in the U.S. stock market, with the benchmark S&P 500 dropping 0.5% minutes after the Fed update. BTC/USD daily price chart. Source: TradingView On the other hand, the 10-year U.S. Treasury note…
Kraken’s Jesse Powell will step down as CEO, stay on as board chair
Jesse Powell, the co-founder and CEO of cryptocurrency exchange Kraken, will be stepping down after leading the platform for more than 11 years. In a Wednesday announcement, Kraken says Powell will be succeeded as CEO by chief operating officer Dave Ripley, who has been with Kraken since 2016. The soon-to-be former CEO will stay with the crypto exchange as the chair of the board, while the company will search for a new chief operating officer. Ripley said his goals were “in lockstep” with Powell’s amid his rise to the new leadership…
Ethereum PoW Forks Fall 66% In Just Days
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge. The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network. However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching.…
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation – Economics Bitcoin News
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 by 75bps anticipates ‘Ongoing Increases’ On September 21, 2022, the U.S. central bank and Fed chair Jerome Powell increased the benchmark bank rate by 75 basis points (bps). The Fed’s federal funds rate is now coasting along at 3.25%. The decision follows the…
Bandai Namco, SEGA eyeing blockchain gaming: Nifty Newsletter, Sept. 14-20
In this week’s newsletter, read about how a science fiction comic book uses nonfungible tokens (NFTs) to make the reading experience more interactive and how Web3 musicians view NFTs. Check out how big names like Bandai Namco, Sega and Square Enix are eyeing blockchain gaming. In other news, find out how a metaverse-focused fir- integrated NFTs within Minecraft despite its ban on NFTs. And, don’t forget this week’s Nifty News featuring the first metaverse wedding at The Sandbox. Sci-Fi NFT comic book project lays the foundation for CCG development An…
Las negociaciones para regular las stablecoins en EE. UU. se enfrentan a la aprobación del dólar digital
La legislación, en general, requeriría que las stablecoins estuvieran totalmente respaldadas por activos de reserva. Las llamadas “stablecoins de pago” serían aquellas que están respaldadas por activos líquidos, mientras que las algorítmicas, denominadas “stablecoins con garantía endógena”, estarían restringidas. Por su parte, los tokens existentes contarían con una protección por dos años y la emisión de nuevos tokens estaría cerrada por el mismo período mientras los reguladores los analizan. Source
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