Category: Latest news

[ad_1] Quick Take The US Federal Reserve’s recent policy stance has had noticeable effects on various financial assets. The Fed maintained the fed funds rate at 5.25 – 5.50% on March 20 and signaled a slowed pace of balance sheet reduction. According to Zerohedge, Jerome Powell said, “We did not make any decisions today. The…

[ad_1] Notable pro-crypto pressure groups in Kenya and the United States have demanded the release of Binance executives held by the Nigerian government since Feb. 26. Last month, two Binance executives—Tigran Gambaryan and Nadeem Anjarwalla—traveled to Nigeria to address the ongoing issues surrounding the exchange’s operations in the African country. However, instead of engaging in constructive…

[ad_1] FTX CEO John Ray III has debunked Sam Bankman-Fried’s (SBF) claims about the level of losses suffered by users of the defunct exchange. In a March 20 letter to Judge Kaplan, Ray said Bankman-Fried’s statements were “categorically, callously, and demonstrably false” because the exchange users would “never be in the same position they would…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…

[ad_1] Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month. The Fund invests…

[ad_1] The Commodities and Futures Trading Commission (CFTC) has approved Coinbase Derivatives Exchange’s application to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). According to the filing, the listings will go live and begin trading on or after April 1, 2024. The CFTC’s website indicates that all three contracts were certified…

[ad_1] Glassnode’s hodler net position change metric offers a granular view into the behavior of Bitcoin’s long-term investors. The metric is calculated by tracking the inflows and outflows from wallets categorized as holders — or those who have been “holding on for dear life” for a very long time. This metric is pivotal in understanding…

[ad_1] Congressman Patrick McHenry and Senator Cynthia Lummis recently expressed optimism regarding the passage of critical crypto legislation  before the upcoming election in November, according to media reports on March 20. Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.…

[ad_1] The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally, the Federal Open Market Committee (FOMC) maintained its projection for a rate cut within this year, signaling a…

[ad_1] Bankrupt crypto lender Celsius Network is seeking the return of over $2 billion withdrawn by major customers shortly before its bankruptcy declaration in July 2022, according to a release shared with CryptoSlate. The initiative, led by a committee appointed during the company’s Chapter 11 proceedings, is part of the firm’s restructuring efforts and targets…