Day: May 2, 2023

British MP Lisa Cameron is ‘not invested personally’ in crypto but advocates for regulation

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Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for crypto-related policies in the U.K. government following one of her constituents being the victim of a rug pull. Since then, the lawmaker has gone on to chair the country’s Crypto…

Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message – Economics Bitcoin News

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On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture surrounding the possibility of the central bank cutting the federal funds rate multiple times throughout the year. However, Wilson believes that investors who are expecting this outcome will ultimately be disappointed. Powell’s Message Could Spark…

SEC crackdown on crypto staking in the US could boost decentralization

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The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators. However, from the second week onward, the number of ETH staked was higher than that of ETH withdrawn, indicating that validators are re-staking most of their ETH back into mining pools. Staking is temporarily locking tokens on a network that uses a proof-of-stake (PoS) consensus mechanism. In a…

Control the robots, incentivize the humans – Cointelegraph Magazine

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Text generator ChatGPT is the fastest-growing consumer app ever, and it’s still growing rapidly. But the dirty secret of AI is that humans are still needed to create, label and structure training data — and training data is very expensive. The dark side of this is that an exponential feedback loop is being created where AI is a surveillance technology. And so, managing the humans in the AI loop is crucial. Some experts believe that when (potentially) robots take over the world, they’d better be controlled by decentralized networks. And…

PEPE Token Soars to $500M Market Cap as Memecoin Fever Grips Crypto Traders

PEPE’s price action is reminiscent of dogecoin over the years with intense volatility being caused by an absence of liquidity or sustainable demand. The price of dogecoin dramatically fell on numerous occasions when hype began to subside. In this case, PEPE could face sell pressure when derivative markets go live as traders attempt to capitalize on a trend that has historically ebbed and flowed. Source

Bitcoin stays resilient ahead of Fed’s interest rate decision

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin has remained relatively stable within a tight trading range as the Federal Reserve prepares to announce its interest rate decision on May 3, which may impact the cryptocurrency market. As the Fed’s meeting approaches, all eyes are on the cryptocurrency market and the tightly-traded range of $27,500 to $28,500 for bitcoin (BTC). Traders are exercising caution, waiting for the optimal trading conditions, while the world’s most popular digital asset navigates a crucial phase in its…

BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin News

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Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision. The Fed is expected to increase rates by 0.25%, despite the U.S. economy slowing down. Ethereum also remained lower, moving close to a breakout below $1,800. Bitcoin Bitcoin (BTC) dropped below $28,000 on Tuesday, as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision. BTC/USD slipped to an intraday low of $27,680.79 earlier in today’s session, which came less than 24 hours after trading at a high of…

Coinbase Opens Offshore Crypto Derivatives Exchange

“Rest assured that Coinbase is committed to the U.S., but countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as crypto hubs,” Coinbase said in a blog post. “We would like to see the US take a similar approach instead of regulation by enforcement which has led to a disappointing trend for crypto development in the U.S.” Source