The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months. While this…
Insights Bitcoin Federal Reserve holds rates steady, Bitcoin reacts with a sharp increase. Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 5.25% to 5.50%. Preceding this decision, Bitcoin experienced a decline…
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No…
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Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created…
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In a significant legal development for the crypto industry, Changpeng Zhao, widely known as CZ, the former CEO of Binance, has been sentenced to four months in prison after pleading guilty to charges related to enabling money laundering on his…
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Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I…
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During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last…
Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling approximately 7.5% within the last…
MicroStrategy, the business intelligence software company turned bitcoin investment vehicle, reported a larger-than-expected loss and missed revenue estimates in its first-quarter 2024 earnings report. TLDR However, the company’s financial performance is of lesser importance compared to its massive bitcoin holdings.…
Amidst the challenging circumstances of a prison sentence, Binance founder and former Chief Executive Officer (CEO) Changpeng CZ Zhao has taken to the X (formerly Twitter) platform to express his gratitude to those who supported him during these trying times.…
According to the latest data from web analytics firm StatCounter, Google’s share of the North American search market has fallen to its lowest point since 2009, with Bing and Yahoo making notable gains. As of April 2024, Google’s share is…
Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving.…
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