The recent shift in Federal Reserve interest rates is causing waves in the cryptocurrency market. As the central bank signals a regime of interest rate cuts, the impact on digital assets with hard supply caps is becoming more apparent. This article will analyze how the changing interest rate landscape could drive up prices for certain
Crypto
Shibarium, a layer-2 blockchain solution built on the Ethereum network, was created with the intention of fostering the development of the Shiba Inu ecosystem. Its primary goals included reducing transaction costs, improving speed, and increasing scalability. Since its inception a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions and reaching 400
German authorities recently seized nearly 250,000 euros and 13 crypto ATMs in a nationwide crackdown aimed at strengthening regulatory oversight in the country’s rapidly expanding cryptocurrency sector. The Federal Financial Supervisory Authority (BaFin) led the operation, which targeted 35 locations where crypto ATMs were allegedly operated without proper licensing. This operation was conducted in collaboration
Coinbase recently released a report suggesting that young, pro-crypto voters could play a significant role in the outcome of the 2024 US presidential elections. According to the exchange, Gen Z and Millennials, who now make up 40% of the electorate, are increasingly backing candidates who promote crypto and financial innovation. This shift in voter preferences
Bitcoin’s price surged to $65,000 after trading sideways for days, a move that has left many in the crypto community wondering about the reasons behind such a rapid increase. One of the main factors that contributed to this surge is the US Federal Reserve’s economic policies. The relationship between Bitcoin and the Fed has been
Recent on-chain data analysis indicates a concerning trend in the world of Bitcoin. Despite historical patterns showing that high demand often precedes price rallies, the current market dynamics are not aligning with this trend. Bitcoin demand growth has stagnated, with a significant slowdown since early April when the cryptocurrency was priced at around $70,000. According
Binance, the world’s leading cryptocurrency exchange, has announced that it will be performing wallet maintenance for The Open Network (TON) on August 26. This maintenance will lead to a temporary suspension of TON deposits and withdrawals. However, it is important to note that trading will not be affected during this period. The maintenance is expected
Ripple caused a stir earlier this year with its announcement of launching a stablecoin known as Ripple USD (RLUSD). The CEO, Brad Garlinghouse, believes that this stablecoin could create a connection between the world of cryptocurrency and traditional finance. The stablecoin is set to be available on both the XRP Ledger (XRPL) and Ethereum, with
Bitcoin’s price has been experiencing a rollercoaster ride in recent days, with the bulls currently holding the upper hand as they push to surpass the $61,000 mark. However, weekends often bring a different dynamic to price action due to lower trading volumes. Traditionally, weekends see lower trading volumes compared to weekdays, which can impact market
Former Binance CEO Changpeng ‘CZ’ Zhao has recently been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has caused confusion among X users who mistakenly believed that he had been released. However, it is important to note that despite the change in location, CZ remains incarcerated. The