Crypto News
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Not long after blockchain company Ripple announced that it would launch its own stablecoin, pitting it against the likes of Tether (USDT) and Circle, the issuer of USD Coin (USDC), the Tether team made a snarky comment suggesting its competitor had been unsuccessful in its stablecoin endeavors so far. As it happens, Ripple CEO Brad Garlinghouse earlier told ...
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Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. In November, Zhao pleaded guilty to enabling money laundering at Binance. As part of his plea deal with the Department of Justice, Zhao agreed ...
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On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain—and the beginning of the cryptocurrency revolution. Many would argue that the day it was minted represents ...
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After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this ...
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Dennis Mitchell, CEO and chief investment officer at Starlight Capital, joins to discuss his view on central banks' path forward as investors digest Canada's latest GDP. Mitchell expects the BoC to cut rates more aggressively than the Fed, which could lead to more weakness on the Canadian dollar.
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Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world’s most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally ...
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After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big ...
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Treasury Secretary Janet Yellen will use a speech to the McCain Institute in Arizona on Friday to deliver a clear warning about the economic dangers presented by Jan. 6-style ...
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Recent months have seen growing scrutiny on China’s trade policies. The US and various European Union governments have accused Chinese producers of attempting to address its ...
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Private sector employment increased by 192,000 jobs in April and annual pay was up 5.0 percent year-over-year, according to the April ADP® National Employment Report™ produced by ...
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video Following the April 13 decline in Bitcoin, it has been consolidating and testing resistance of the orange 50-Day MA and purple 20-Day MAs. It did so again today, Tuesday, with a high of 64,728 before sellers took back control and dropped it sharply. Prior support around 59,573 looks to be the next target, followed by a test of support at the lower ...
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Bitcoin price has declined by more than 8% in a week and 12% over the last 30 days after setting a new record high of around $73,835 on March 14. Data from Cointelegraph Markets Pro and TradingView shows that the BTC price fell from a high of $64,727 on April 30, dropping 6.5% to reach an intraday low of $60,505. chart Bitcoin’s price drop coincides with ...
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As the spot bitcoin exchange-traded fund hype died down alongside the price of the cryptocurrency, the new U.S. ETFs saw $343.5 million worth of net outflows in April, ending their three-month inflow streak. The ETFs had been on an impressive run of inflows, attracting $1.5 billion, $6 billion and $4.6 billion of demand in January, February and March, ...