BTC, ETH Move Lower on Thursday, After Hawkish Fed Rate Hike – Market Updates Bitcoin News

Bitcoin fell towards the $20,000 mark on Thursday, after the U.S. Federal Reserve once again moved to increase interest rates. The Fed hiked rates by 75 basis points (bps), as it chose to maintain its current hawkish policy. Ethereum, which initially surged on the news, was also lower in today’s session. Bitcoin Bitcoin (BTC) dropped in Thursday’s session, as bearish sentiment rose, following the aftermath of yesterday’s Fed meeting. Following the Federal Reserve’s decision to maintain current hawkish policy by raising rates, BTC/USD surged to a peak of $20,742.81. However,…

Lesson From the US Elections: Don't Mention Crypto

Crypto isn’t apparently faring well this year as a political topic in midterm congressional campaigns. A remarkable few candidates have been willing to say anything at all about digital assets in public, though plenty have assured the industry privately about what they’d do for crypto and that their campaigns are worth supporting financially. Source

Shiba Inu Price Forecast Shows Downbeat November For SHIB

Shiba Inu is slowly shedding its gains following the short-lived rally of the crypto market last October 25 as well as its Elon Musk/Dogecoin-inspired price increases. According to data from Coingecko, at the time of this writing, the DOGE spin-off crypto is changing hands at $0.00001217 and has been down by 2.3% over the last 24 hours. It is still enjoying a 12.7% increase for the past seven days and a 23.4% surge over the last two weeks but those numbers used to be higher during the last few days.…

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Bitcoin Mining Host Compute North Paid Executives $3M on the Day It Declared Bankruptcy

The company paid co-founder and former CEO Dave Perrill $613,000 for payroll and benefits, according to the filing. Former CFO Tad Piper got $541,000 three months after he left the company, President Edward Drake Harvey III and Chief Commercial Officer Kyle Wenzel got about $500,000 each, former Chief Technology Officer Nelu Mihai received $340,000, Chief Legal Officer Jason Stokes was paid $325,000 and newly appointed Chief Financial Officer Harold Coulby received about $250,000, the filing shows. Original

ICO and Cabinet Office reach agreement on New Year Honours data breach fine

The UK Information Commissioner has agreed to reduce the £500,000 Monetary Penalty Notice (MPN) imposed on the Cabinet Office in 2021 in relation to the New Year Honours data breach to £50,000, which the Cabinet Office has agreed to pay, reflecting our new approach to working more effectively with public authorities. The UK Information Commissioner issued its fine to the Cabinet Office on 15 November 2021, following an investigation into the 2019 data breach, where the Cabinet Office published a file on GOV.UK containing the names and unredacted addresses of…

Mastercard adds 7 blockchain startups to its crypto accelerator

Global payment giant Mastercard continues supporting cryptocurrency and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program. Mastercard has chosen another seven industry startups for its Start Path program in order to promote the adoption of crypto and blockchain technology, the firm announced on Nov. 3. The new cohort of startups includes the crypto gateway provider Fasset, Singapore’s crypto payment platform Digital Treasures Center and the Colombian stablecoin-focused firm Stable. Mastercard previously partnered with Fasset in July to jointly work on digital solutions to drive financial…

Standard Chartered Invests in JPM and DBS-Backed Blockchain Payment Network Partior

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