Author: e_cash_top
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Fed announces 75 bps rate hike; Bitcoin tanks 6.5% on the news
[ad_1] The U.S. Federal Reserve raised interest rates by 75 basis points after the Federal Open Market Committee (FOMC) meeting on Sept. 21, bringing the Federal Funds Rate to 3.25%. Bitcoin reacted with a 6.5% swing to the downside that bottomed at $18,600. Expectations of a “jumbo hike” fulfilled On Sept. 13, the Bureau of…
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XRP bucks market sell off to lead top 100 amid string of positive developments
[ad_1] XRP is up 25% since Sept. 16 and is leading the top 100 cryptocurrencies. On Sept. 20, XRP hit $0.4249 to post a 15-week high. Off the back of this performance, social media chatter is brimming with talk of a return to “the good times.” Source: XRPUSDT on TradingView.com Behind the run is a…
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White hat hacker grumbles over Arbitrum bounty reward after saving network from $475M loss
[ad_1] Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a…
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Iran to launch CBDC on Sept. 22
[ad_1] The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept. 22, as reported by Iran’s Chamber of Commerce. The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency. The CBI Governor earlier said: “The bank has in place the infrastructure and rules…
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Markets on edge as Fed rate decision due today
[ad_1] The total cryptocurrency market cap saw net outflows totaling $15.5 billion. As of press time, it stood at $920.11 billion, down 1.7% over the last 24 hours. Bitcoin’s market cap fell 1.5% over the reporting period to $365.11 billion from $370.69 billion. Meanwhile, Ethereum’s market cap was also down 1.5% to $164.03 billion from…
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IMF calls for coordinated approach to global crypto regulation
[ad_1] The international monetary fund (IMF) has called on regulators worldwide to work toward a coordinated effort to regulate the crypto market, as its effect has a far-reaching impact on global economies. According to the IMF in its recent September bulletin, the crypto market, which reached a global market capitalization of $3 trillion in Nov.…
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Colorado enables crypto payment for taxes
[ad_1] Colorado residents can now pay their taxes using cryptocurrencies, Axios reported on Sept. 20. According to the report, Governor Jared Polis made this revelation at the Denver Startup Week. Residents would now be able to pay their individual income tax, severance tax, withholding tax, and excise fuel tax in crypto. The crypto payment option…
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Maple Finance launches $300M lending pool for Bitcoin mining firms
[ad_1] Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized bitcoin mining and infrastructure providers. The loans will be repayable over a 12-18 months…
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Here’s how the cryptocurrency market can overcome its macroeconomic woes
[ad_1] Crypto investors are treading a tightrope this year, which looks to extend into the longest bear cycle in crypto history. This anxiety may seem worn out for crypto veterans, but have we entered completely new territory this year? First, let’s establish the proper point of reference by revisiting past bear cycles manifesting through Bitcoin…
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What will future GameFi models look like?
[ad_1] The terms GameFi 1.0, 2.0, and 3.0 refer to the iteration of GameFi titles as they move from earliest and least sustainable to more sophisticated as the industry evolves. While tokenomics of different projects are a significant factor (e.g., the number of coins within the game), others, like funding and game quality, are also…