The financial technology giant, Revolut, is reportedly in the advanced stages of developing its own crypto stablecoin. According to a report by Coindesk, the company is moving forward with creating its unique cryptocurrency offering. Insiders have suggested that the development process is already “quite far along.” A spokesperson for Revolut confirmed that expanding their cryptocurrency […]
Republican presidential candidate Donald Trump made headlines by visiting a well-known New York City bar and restaurant that accepts Bitcoin, marking his first known use of the cryptocurrency. This event made Trump the first former U.S. president to conduct a Bitcoin transaction. On Sept. 18, Pubkey shared a post on X (formerly Twitter), revealing that […]
In a highly anticipated move, the U.S. Federal Reserve has made a decisive change to its monetary policy by reducing interest rates by 50 basis points. This marks the first rate cut in four years, a pivotal moment for the economy that many had been waiting for. The Federal Reserve’s decision comes after a prolonged […]
As anticipation builds around the possibility of the first rate cut by the U.S. Federal Reserve in four years, BitMEX co-founder Arthur Hayes has offered his views on how such a decision could impact the cryptocurrency market. Speaking at Token2049 in Singapore on Sept. 18, Hayes delivered a keynote titled “Thoughts on Macroeconomics and Current […]
On Sept. 18, Alex Svanevik, CEO of the blockchain analytics company Nansen, shared his thoughts in an interview at Token2049 regarding the upcoming 2024 U.S. presidential election. Svanevik discussed the potential impacts of the election results on the future of cryptocurrency, both within the United States and internationally, depending on whether the next president is […]
A significant interest rate reduction by the U.S. Federal Reserve could benefit risk assets and the crypto market, contrary to some bearish predictions, according to the leader of a prominent crypto hedge fund. Joe McCann, the founder and CEO of Asymmetric, shared that the chances of a 25 or 50 basis point rate cut were […]
During a recent event on X, Donald Trump did not address World Liberty Financial — the new cryptocurrency initiative launched by his family — despite initial expectations. Eventually, details about the project’s token were shared by the team. On September 16, Trump participated in a discussion on X Spaces with crypto influencer Farokh Sarmad. This […]
Bitcoin faces potential downside pressure ahead of the upcoming U.S. interest rate decision, having recently fallen below the crucial $60,000 support level. Anticipated volatility for Bitcoin may lead to turbulent price movements as the Federal Reserve (Fed) prepares for its next interest rate announcement on September 18. Analysts at Bitfinex have highlighted that the decision […]
The small South Asian nation of Bhutan has emerged as a significant Bitcoin holder, reportedly surpassing El Salvador’s cryptocurrency reserves. On September 16, Arkham Intelligence, a blockchain analytics platform, identified a group of wallet addresses holding a total of 13,029 BTC, valued at around $758 million. This revelation marks the first public identification of Bhutan’s […]
After several months of decline, Bitcoin might be gearing up for a significant three-month rally, with some experts forecasting a surge past the $92,000 mark. Analysts suggest that Bitcoin’s price could be on the verge of a substantial rally based on historical patterns observed after previous halvings. Recently, Bitcoin tested a crucial support level on […]