Category: Latest news

[ad_1] Quick Take The impending meeting of the Federal Reserve on July 26th is highly likely to culminate in a further increase of 25 basis points (bps) to the interest rate, as suggested by a formidable 99.8% probability. Presently, the target rate is positioned between 500-525 bps, and this forecasted adjustment is set to raise…

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[ad_1] CoinCenter and other crypto advocacy groups have criticized a Senate bill that would impose strict regulations on individuals involved in decentralized finance (DeFi). The bill in question is titled the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE). If put into law, it would make DeFi platform operators and major stakeholders responsible for illegal…

[ad_1] Quick Take Bitcoin’s trading patterns have been unusually consistent, primarily fluctuating around the $30k mark. However, a recent dip saw the cryptocurrency briefly fall below $29,000. This volatility has been linked to Bitcoin’s sharp decline in 2022, coupled with significant macroeconomic uncertainties. Consequently, many investors have adopted a more cautious stance, predicting lower price…

[ad_1] A partial sale of the crypto news site CoinDesk valued at $125 million could soon be completed, the Wall Street Journal reported on July 20. The investor group reportedly involved in the sale is said to be headed by Peter Vessenes of Capital6 and Matthew Roszak of Tally Capital, the latter of which is…

[ad_1] North Korean state hackers exploited a cloud services provider called JumpCloud to steal funds from crypto companies that use its services, Reuters reported on July 20. Reuter’s confidential sources indicate that the North Korean state-backed hackers had a specific focus on cryptocurrency companies. However, the report did not disclose the names of the impacted…

[ad_1] During the peak of the non-fungible token (NFT) market in 2021, crypto entrepreneur Sina Estavi made headlines when he purchased Twitter’s co-founder Jack Dorsey’s first tweet as an NFT for $2.9 million. Source: OpenSea At the time of his purchase, the Iranian investor tied the NFT’s value to its uniqueness and its association with…

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[ad_1] Andrew Griffith, U.K’s Economic Secretary to the Treasury, has rejected the Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling, according to a response published on July 20. In a May report, the U.K’s Treasury Committee acknowledged that blockchain technology could be beneficial to the financial services industry. However, it likened cryptocurrency…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…