The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.” As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after…
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Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone. Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot (DOT) founder Gavin Wood. In an exclusive interview with Cointelegraph…
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Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: ECB on Crypto, African Bitcoin Hub, Coinbase in Fortune 500, Binance in Dubai + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval. Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil.…
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More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon…. Read More: More Crypto Regulation Incoming in South…
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This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain…
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Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens…
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The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have…
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BTC price action remains at the mercy of equities performance at the Wall Street open. Bitcoin (BTC) fell on the May 24 Wall Street open as weakness in stocks saw sell-side pressure return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Equities give crypto no respite Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it…
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