Author: e_cash_top

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[ad_1] The price of Bitcoin tanked by 3% following the release of September’s Consumer Price Index (CPI) data showing inflation at 8.2% year-over-year. This came in worse than the 8.1% expected rate, extending fears of a drawn-out bear market while adding pressure for further rate hikes. The pressure is on On October 7, the U.S.…

Fed Vice Chair urges banks to deal cautiously with crypto firms

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[ad_1] The Federal Reserve System’s Vice Chair for Supervision Michael Barr has called on federally regulated banks to be cautious while providing services to crypto firms. Barr, speaking at DC Fintech Week on Oct. 12, said that the Fed was working hard to find the right balance between promoting crypto market innovation and managing related…

US debt surpasses $31 trillion

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[ad_1] The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020. Graph showing the size of the U.S. debt…

Crypto investment platform Pillow raises $18M

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[ad_1] Singapore-based crypto investment platform Pillow raised $18 million in Series-A funding on Oct. 13. The funding round was co-led by Accel, Quona capital, Elevation Capital, and Jump Capital. Accel is the top venture capital firm with the most Unicorn ownership, and Elevation Capital was a significant investor in Pillow during its seed round. Pillow…

How Bitcoin turns El Salvador into the next Singapore according to Max Keiser

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[ad_1] Despite intense rivalry for the title of “the next Singapore,” Bitcoin maximalist Max Keiser has high hopes El Salvador can rise to the challenge. El Salvador made Bitcoin legal tender in September 2021, much to the dismay of the international community, including organizations such as the International Monetary Fund (IMF) and the World Bank.…

STEPN denies claims of layoffs

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[ad_1] Move-to-earn gaming company STEPN (GMT) on Oct. 13 denied claims of laying off staff. A spokesperson from STEPN reached out to CryptoSlate to clarify the rumors of layoffs. The spokesperson stated: “We deny the rumor that STEPN has been laying off staff due to the bear market. These are baseless claims that are factually…

Elizabeth Warren-led US lawmakers demand probe of ERCOT’s support for Bitcoin miners in Texas

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[ad_1] A group of U.S. lawmakers led by Senator Elizabeth Warren has asked the Electricity Reliability Council of Texas (ERCOT) to provide operational and financial information about Bitcoin miners in Texas. Texas is home to about 30 crypto-mining companies consuming about 9% of the global mining power. By the end of 2023, the emission rate…

October becomes worst month in DeFi history as hackers steal $718M across 11 protocols

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[ad_1] DeFi protocols have lost roughly $718 million across 11 projects so far in October alone — a new monthly record with more than 15 days remaining, according to Chainalysis data. With about $3 billion lost to 125 hacks so far in 2022, Chainalysis predicts that the year will likely surpass 2021’s record of about…

Cardano, Polygon lead market sell-off

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[ad_1] The total cryptocurrency market cap saw net outflows totaling $12.75 billion. As of press time, the industry’s market cap stood at $911.14 billion, down 1.45% over the last 24 hours. Bitcoin’s market cap fell 0.5% over the reporting period to $365.65 billion from $367 billion Ethereum’s market cap decreased 1.05% to $157.7 billion from…

Cardano community remains defiant after ADA sinks to 21 month low

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