Month: March 2023

US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision – Bitcoin News

boss

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s decision regarding the federal funds rate. Market Awaits Fed’s Decision on Interest Rates After CPI Report In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month,…

Blockchain: tutto quello che devi sapere

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain: tutto quello che devi sapere con Silvio Micali (Founder Algorand) Questo video è realizzato in collaborazione con … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

FIL Jumps 14% as Traders Await Filecoin Virtual Machine Upgrade

The token was lately up 14% over the past 24 hours to $7.22, according to CoinMarketCap data. The network upgrade will allow smart contracts to run on the protocol and let developers create decentralized applications there. It will also introduce tokenized datasets, replication workers and trustless privacy-preserving reputation systems to the network. Source

FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications – Press release Bitcoin News

boss

press release PRESS RELEASE. Trading available on Coincheck (exchange) from March 16 〜 FNCT (Financie Token) main page: https://fnct.xyz Financie, Inc. (Headquarters: Shibuya-ku, Tokyo, CEO: Hironao Kunimitsu, hereinafter referred to as “Financie”) announces the results of its crypto asset FNCT (Financie Token) sales on the Coincheck IEO. The sales result shows that the application amount was JPY 20,021,288,100 (USD 150m) and the application rate was 18.78x. FNCT (Financie Token) will be available for trading on Coincheck from March 16, 2023, and we will launch FNCT Staking in Spring 2023. Additionally,…

Bitcoin Rallies Following News on US Inflation Data for February

Bitcoin hit an upswing ahead of the Fed’s inflation-focused meeting on March 22nd to decide rate hikes.  The price of Bitcoin (BTC) climbed sharply on news that US inflation had met Dow Jones and Nomura estimates. In February, US inflation rose 0.4% month-on-month and 6% year-on-year as the Federal Reserve readies its next rate hike exercise. Can Bitcoin Hit $30K on Momentum of Latest US Inflation Report Bitcoin price soared after the US inflation report, pushing past the $25K threshold, and currently sits at $26,014.33. This development already has analysts and…

Gibraltar’s Xapo Bank Enables GBP and USDC Payments Amid U.S. Crypto Banking Crisis

“From today we have also added support for GBP through the Faster Payments network, meaning members will be able to make payments directly to U.K. wallets or banks,” said Seamus Rocca, CEO of the retail-focused bank, in a statement to CoinDesk on Tuesday. Xapo also activated USDC payments this week, enabling its users to send and receive the stablecoin directly to their Xapo bank accounts without any fees, Rocca said. Source

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

boss

Episode 7 of Cointelegraph’s Crypto Trading Secrets podcast is now live. This week’s episode features an interview with crypto trader Zoran Kole, who goes by @Captain_Kole1 on Twitter. Kole shared his opinions in response to a number of questions asked by host Benjamin Pirus during the episode’s recording on March 1 — including his views on what he thinks has most impacted the price of Bitcoin (BTC) so far in 2023 (as of the show’s recording), and whether or not that may remain the case for the remainder of the…

Silicon Valley Bank was the tip of a banking iceberg

boss

Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time — a concept known as fractional banking. On one hand, the difference between the interest on the loans and the interest paid to depositors is referred to as the net interest margin and determines a bank’s profitability. On the other hand, the difference between the assets and liabilities is referred to as their equity and determines the bank’s resilience…

Metaverse Fashion Is on the Rise, but for Whom?

Digital fashion is nascent in the Web3 space, with the potential to onboard millions of users in the coming years. But, as brands work out who to target with hard-to-fathom technology. adoption is still in its early stages. This piece is a part of CoinDesk’s Culture Week. Source

Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live

boss

This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg. We kick things off with this week’s top stories Silicon Valley Bank collapse: Everything that’s happened until now The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins, leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at…