Bitcoin Dip Below $25K: First in Three Months
As a result of the Federal Reserve’s decision to halt interest rate hikes, the price of Bitcoin fell by 4%. Bitcoin’s price has fallen below $25,000 for the first time since March 17 in response to a hawkish Fed statement during another turbulent week for the cryptocurrency industry. According to data from TradingView, the price of Bitcoin […]
Discord surrounds Aave proposal to suspend Curve founder loans
The proposal recommends imposing a limit on the use of CRV as collateral, preventing this wallet address from adding additional loans. Some participants argue that the proposition violates the principle of censorship-resistance or “neutrality” in decentralized finance, or DeFi, by preventing a particular account from accumulating additional debt. Some participants believe the account belongs to […]
US Fed Maintains Unchanged Interest Rate
The Federal Open Market Committee (FOMC) announced that it would halt interest rate increases while the price of Bitcoin increased. Wednesday, the Federal Open Market Committee (FOMC) announced its decision to halt interest rate hikes, as widely anticipated by the financial markets. Later in 2023, the central bank indicated that additional rate hikes are conceivable. […]
Prime Trust Unit Banq Files for Bankruptcy
Banq, a subsidiary of the troubled crypto custodian Prime Trust, has filed for bankruptcy in a U.S. bankruptcy court in Nevada. Banq has chosen to file for Chapter 11 bankruptcy in the Nevada division of the U.S. bankruptcy court.The company values its assets at approximately $17.72 million, while its liabilities exceed $5.4 million. The bankruptcy […]
Jerome Powell: Chairman of the US Federal Reserve on Inflation
Chairman of the US Federal Reserve Jerome Powell made the remarks in a speech following the decision to halt interest rate hikes. Wednesday, US Federal Reserve Chair Jerome Powell stated that the central bank is eager to reduce inflation to the 2% objective. He stated that nearly all policymakers believe rate increases will be necessary […]