Hopes for a series of interest rate cuts in 2024 have been fading fast over the past few weeks as both the economy and inflation have shown unexpected strength.
Author: Crypto Flexs
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The cryptocurrency industry has been making headlines lately for several reasons. From Bitcoin hitting record highs to ETF approval in Hong Kong, we appear to be experiencing a surge in digital currencies like never before. Amid these market dynamics, zero-knowledge (ZK) technologies are gathering a wave of interest, even though the concept may seem complex to understand.In this interview, technology leader and entrepreneur Sid Gandhi, CEO and Co-Founder of Payy, shares how Payy is building a ZK-based global payments network and wallet and highlights the importance of privacy-centric applications that can increase user adoption. CryptoDaily: Dealing with ZK is not…
Receive big newsThe most important news for cryptocurrency investing will occur today at 2 PM when the FOMC announces its policy decision on interest rates.Not only Bitcoin but all major markets have fallen over the past month and their future trajectory will be largely determined by the outcome of this meeting, which takes place today.Major indices | last 30 daysAlthough we believe the market has set the price. ‘There is no possibility of change’ When it comes to interest rates, changes in interest rates can have a significant impact either up or down, with an increase in interest rates being…
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. (…)
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…