Federal Reserve officials expressed growing concern about inflation during their most recent meeting, with many members hesitant to move forward with interest rate reductions. Since the FOMC decided to keep the short-term borrowing rate in the 5.25%-5.5% range, a 23-year high, it has significant implications for the economy, as well as the Bitcoin price prediction....
Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found. FTX Whistleblowers Agreed To Settlement Deals Prior To Collapse Robert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled...
Investment firm Metaplanet has experienced a remarkable surge in its shares, skyrocketing 158% over the past week and emerging as the highest gainer among all Japanese stocks. The company’s share price currently stands at 93 Japanese yen, experiencing a staggering 127% increase in just two days. The rapid growth even triggered the Tokyo Stock Exchange...
Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify. Recent data shows that there are roughly 4,600 credit unions in the United States. A September 2023 report from The National Credit Union Administration (NCUA) further notes that nearly...
Bitcoin (BTC) is currently navigating resistance around $70,000. Starting the week bullish, BTC peaked at $71,957, gaining 13% over the past seven days. The rise was driven by inflows into Bitcoin spot ETFs and optimism for Ethereum spot ETF approval by the SEC. BlackRock’s IBIT Leads Bitcoin ETF Inflows and Institutional Demand U.S. bitcoin spot...
The Abu Dhabi Agriculture and Food Safety Authority of UAE issued a new advisory on Thursday prohibiting the use of farms for cryptocurrency mining. Farmers caught engaging in such activities face fines of up to 10,000 UAE dirhams (approximately $2,722). The Abu Dhabi Agriculture and Food Safety Authority advisory explicitly stated that farms cannot be...
Bitcoin’s current market position has sparked renewed interest in Bitcoin price prediction. Trading at $67,836.31 with a 24-hour trading volume of $42.4 billion, Bitcoin has dipped 2.27% in the last 24 hours. As the leading cryptocurrency with a market cap of $1.3 trillion, its movements are closely watched, with traders focusing on key resistance and...
Crypto exchange OKX announced on Friday that it has withdrawn its Virtual Asset Service Provider (VASP) license application in Hong Kong and will cease to provide trading services to residents. OKX joined Gate.io’s Hong Kong affiliate, HKVAEX, and Huobi HK in recently withdrawing their VASP applications from the Hong Kong Securities and Futures Commission. In...
The Bitcoin (BTC) price has been pumping higher this week, following US CPI data that pointed at moderating price pressures and major financial institutions revealing substantial holdings in US spot Bitcoin ETFs. Bitcoin was last changing hands just below $66,000, hitting new monthly highs above $66,750 earlier in the day. Morgan Stanley disclosed holdings of...
Oklahoma Governor Kevin Stitt delivered a major win to digital asset supporters Monday with the enactment of a new Bitcoin rights bill (a.k.a HB3594) focused on preserving fundamental crypto rights amidst the U.S. government’s crackdown on self-custody wallets. Championed in the House by Congressman Samuel Brian Hill and Senator Bill Coleman, the new law will...