On Wednesday, May 1, 2024, the US Federal Reserve decided to keep interest rates at their highest level in 23 years. Federal Open Market Committee (FOMC) members pointed out that inflation has subsided but is still on the rise. There is no change in the federal funds rate. The Federal Reserve continued to keep a close eye on inflation risks Wednesday. (…)
Author: Crypto Flexs
Read More
Share this article Blockchain gaming is considered a hot story in the cryptocurrency industry in 2024 by various industry players such as Binance and CoinGecko. According to the latter, the total market capitalization of blockchain gaming tokens is over $18.6 billion.Delabs Games is one of the players building this space and is focused on an ecosystem built around the concept of assets that can be used in a variety of games, called the Asset Inventory System.Junmo Kwon, founder and CEO of Delabs Games, sat down with Crypto Briefing to discuss how blockchain technology could revolutionize the gaming industry, how gamers…
Bitcoin (BTC) hit a two-month low at the Wall Street open on May 1 as the risk asset braces for the next macro move in the United States.BTC/USD 1-hour chart. Source: TradingViewBitcoin Volatility Cools as FOMCData from Cointelegraph Markets Pro and TradingView followed the volatile BTC price action for several hours after hitting a new low of $56,500 on Bitstamp.Traders maintained their lead across risk assets ahead of the Federal Reserve’s next interest rate announcement and Chairman Jerome Powell’s follow-up press conference.After the Quarterly Refund Announcement (QRA) dealt a blow to the US liquidity outlook, market participants were hoping that…
Hong Kong launched the region’s first spot cryptocurrency ETF on April 30, attracting over $130 million in first-day inflows across Bitcoin and Ethereum, emerging as a key player in the race to become Asia’s leading cryptocurrency hub. I did. To gain deeper insight into what this milestone means and Hong Kong’s evolving virtual asset landscape, CryptoSlate We spoke to HB Lim, BitGo’s Managing Director APAC.Lim brings a wealth of regulatory and cryptocurrency industry experience to the conversation. Prior to joining BitGo, a leading institutional cryptocurrency custody provider, he served as Director of the Abu Dhabi Global Market, where he helped…
The cryptocurrency paradigm is being overwhelmed by the organized chaos of cryptocurrencies. As seasoned players like Solana and ICP face price declines BlockDAG State-of-the-art This analysis includes Solana price predictions and ICP Cryptocurrency Predictions It focuses on BlockDAG’s complex technology to support modern devices such as the X30 Miner. Also, check out the jaw-dropping moonshot teaser that further strengthens the brand’s global appeal. Solana price prediction signals 40% decline Solana, a cryptocurrency recognized for its incredible speed and efficiency, plunged 40% from its high of $210, influenced by broader market trends similar to those of Bitcoin. A recent recovery attempt…
Posted 1 minute ago In ~ Federal prosecutors are scrutinizing Block’s cryptocurrency division and working with a whistleblower to investigate the company’s compliance practices, two sources familiar with the matter told NBC News on Wednesday.Due to inadequate verification, the company founded by Twitter co-founder Jack Dorsey reportedly processed cryptocurrency transactions linked to sanctioned countries and terrorist organizations. A source told NBC News. But the alleged lax cryptocurrency practices were just one part of “widespread, years-long compliance violations” at Block’s Square and Cash App divisions, the publication reported.“Everything in the compliance section was flawed from the beginning,” a former Block employee…
Berlin, Germany, May 1, 2024, Chainwire Nektar Network is excited to announce the launch of Epoch 1 for Nektar Drops starting today, May 1, 2024. This new phase is dedicated to recognizing and recording the contributions of community members through daily Nektar Drops that can be earned through participation. Perform predefined activities within the Nektar ecosystem. This era will end on June 1, 2024, or when the network reaches a Total Value Locked (TVL) of 250,000 ETH. Epoch 1 participants will have the opportunity to earn Nektar Drops by participating in several pre-launch initiatives, such as Enzyme Vault, Reserve bsdETH…
Leading U.S. cryptocurrency exchange Coinbase announced that stablecoins pegged to the Canadian dollar will soon be able to be traded on its platform. Social media platform Called The company is adding QCAD to its listing roadmap to let customers know that the company may soon add support for their specific assets. QCAD was relaunched last year by digital asset company Stablecorp with a promise to maintain reserves at least equal to the amount of QCAD in circulation on public blockchains. QCAD is available on Ethereum (ETH), Stellar (XLM), and Algorand (ALGO) blockchains. Stablecorp CEO Alex McDougall said last year: “We…
Bitcoin (BTC) broke the $60,000 support level on May 1st, signaling a weakening upward trend. Although the fall has clouded Bitcoin’s near-term outlook, analysts remain bullish on the long term. Traders get all the negative news when the price action turns bearish. Investor sentiment took a hit due to the implicit reaction to the Hong Kong spot Bitcoin and Ethereum (ETH) exchange-traded fund (ETF) launched on April 30. Outflows also continued for five consecutive days in the U.S. spot Bitcoin ETF. It did little to calm my nerves.Daily view of cryptocurrency market data. source: Coin360Every bullish phase witnesses sharp corrections…
Synternet adds injectable network to multi-chain data layer – Chainwire housenewsroomSynternet adds an injectable network to the multi-chain data layer. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that…