Reasons Behind Today’s Surge in Bitcoin Prices
Bitcoin is currently trading near its highest point in a month, buoyed by consecutive dovish signals from the central banks of the United States and Japan. On September 20, Bitcoin surged approximately 2.5%, reaching over $64,120. This increase coincided with the Bank of Japan keeping interest rates steady following last month’s rate hike. This decision […]
BingX’s Reported ‘Minor’ Loss from Suspected Hack Increases to $52M
Singapore-based cryptocurrency platform BingX has reported that losses from a suspected cyberattack on September 20 have escalated to over $52 million, doubling the initially estimated $26 million. Earlier disclosures by blockchain security firm PeckShield had identified a single Ethereum wallet associated with the breach, which had received $26.7 million in assets from BingX. However, subsequent […]
Revolut is set to launch its own stablecoin
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 […]
Donald Trump Purchases Burgers with Bitcoin at New York City Bar
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 […]
Federal Reserve Lowers Interest Rates by 50bps
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 […]
Arthur Hayes Forecasts Imminent Market Drop Following Rate Reductions
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 […]
Kamala Harris presidency Could Drive US Crypto Firms Overseas: Nansen CEO
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 […]
Crypto Set to Surge if Fed Reduces Rate by 50 Basis Points, Claims Hedge Fund Chief
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 […]
Trump Remains Quiet on World Liberty Financial as Team Launches WLFI Token
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 […]
Analysts Predict Bitcoin Volatility Ahead of Upcoming US Interest Rate Decision
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 […]