Category: Latest news

[ad_1] The Fed raised interest rates by 50 basis points (bps) following the Dec. 14 Federal Open Market Committee (FOMC) meeting. This brings the Federal Funds Rate to 4.25-4.5%. Bitcoin reacted with an immediate 3.2% swing to the downside, bottoming out at $17,762 on the 19:00 (UTC) 5-minute candle. Source: BTCUSDT on TradingView.com The post…

[ad_1] In December, Bitcoin outperformed the native tokens of the Solana, Ethereum, Polkadot, Binance, and Cosmos ecosystems, according to data analyzed by CryptoSlate. Bitcoin dominance (BTC.D) has also begun trending upward this month. The chart below shows BTC.D starting December at 39.9% and moving progressively higher. The current reading is 41.5% – a seven-week high.…

[ad_1] Changpeng Zhao (CZ) addressed a number of concerns in the latest Twitter space surrounding the potential impact of regulatory compliance policies on the adoption and development of the web3 economy, particularly in Africa. Adoption and regulatory clarity CZ suggested that regulatory clarity can make adoption easier and highlighted the potential for faster adoption of…

[ad_1] SwissBorg (CHSB)’s Series A funding round started on Dec. 13, and 3,839 investors have already participated in the funding. Community-centric funding round SwissBorg reserved 28 74 million Swiss Franc Tokens (CHF) for the round. 3,64 million CHF is already sold, with 21.46 million remaining. The current price of CHF is set at $1,66. Daniel…

[ad_1] Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by CryptoSlate. Source: (Glassnode) Within that same period. Binance PoR also witnessed approximately $1.86 billion in inflows of both USD Coin (USDC), and…

[ad_1] U.S. Congressman Tom Emmer has alleged that SEC Chairman Gary Gensler knew that FTX was fraudulent, but still held meetings with the disgraced founder Sam Bankman-Fried. Recent developments saw Dec. 13 as a day of much activity for FTX founder Sam Bankman-Fried. The disgraced ex-CEO was reprimanded in prison by the Bahamas authority and…

[ad_1] An indictment filed by the Southern District of New York (SDNY) alleged that the arrested FTX founder Sam Bankman-Fried made political donations in the name of other persons. Sam Bankman-Fried (SBF) was arrested by the Bahamas authority on Dec. 12 and set to face trials in the U.S. for crimes including money laundering and…

[ad_1] The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. Source: CFTC Court Filing CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by…

[ad_1] Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. Despite the recent wipeout, Nansen estimates that Binance still holds $30 billion worth of stablecoins, whereas the value of the total assets sits at $58.79 billion. The BUSD amount represents 26.38%, and the USDT amount represents 21.17% of…

[ad_1] The indictment filed by the US Attorney for the Southern District of New York (SDNY) Damian Williams for the arrest of FTX founder Sam Bankman-Fried includes eight criminal charges. The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders, conspiracy to commit commodities and security fraud, and…