The U.S. Federal Reserve’s recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half. This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining…
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Binance.US and the US Securities and Exchange Commission are trying to reach a solution in order to avoid a total asset freeze. According to a report from Bloomberg, US District Judge Amy Berman Jackson announced Tuesday that the two sides “aren’t that far apart” on ways to protect billions of dollars in customer funds without…
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The price of Litecoin (LTC) has dipped by 1% in the past 24 hours, falling to $77.75 as the cryptocurrency market continues to suffer from the effects of the SEC’s recent enforcement actions against Coinbase and Binance. LTC is now down by 13% in a week and by 10% in a month, with the altcoin…
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The XRP price has dropped by 4% in the past 24 hours, dipping to $0.506899 after the long-awaited Hinman emails were released to the public yesterday. Despite the fall today, XRP remains up by 18% in the past month, as the market increasingly expects a positive conclusion to Ripple’s case with the SEC…. Read More:…
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XRP, the cryptocurrency that powers the XRP Ledger, a layer-1 blockchain protocol, has reversed lower following an earlier pump to fresh multi-month highs in the $0.565 area. The cryptocurrency, which ranks as the world’s sixth largest with a market capitalization of around $26.5 billion, was last changing hands just under $0.51.XRP is now down more…
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Brazil’s Central Bank, the Banco Central do Brasil (BCB), has unveiled a “roadmap” of events ahead of the nation’s CBDC rollout. In an official BCB release, the bank stated that it would also begin assessing the possibility of enabling the launch of tokenized assets. The BCB unveiled a list of “monthly webinars” as part of…
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The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April’s 4.9% and a significant drop from last June’s 40-year high of 9.1%. The Labor Department’s consumer price index reveals that this is the smallest yearly increase since March 2021. Additionally, on…
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The United States inflation rate has slowed down, with May recording a 4% rate–the lowest yearly figure since March 2021. The drop in inflation may prompt the U.S. Federal Reserve to avoid raising interest rates during its upcoming Wednesday conference, prompting market observers to closely monitor the situation. With the current economic situation in mind,…
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SAND, the native token that powers The Sandbox’s decentralized crypto, non-fungible token (NFT) and blockchain-powered metaverse, took an absolute beating last week. When it hit fresh lows for the year just above $0.33 per token, the crypto token had lost a stunning nearly 50% of its value in less than seven days. Ultimately, SAND ended…
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Even though it wasn’t directly named by the US Securities and Exchange Commission (SEC) as a security in last week’s Coinbase and Binance lawsuits, the Sui (SUI) price got absolutely slammed. SUI broke to the south of a short-term downtrend and from its high on Monday around $0.96 per token to its low on Saturday…
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