US Fed Eyes 0.5% Rate Cut, Crypto Rally Ahead?
The US Fed is likely to announce a 50 bps rate cut following job data showing 125,000 jobs added and a 4.3% unemployment rate, which may prompt a softer policy stance in September. Following the critical US job data this week, the US Federal Reserve is anticipated to announce a 50 basis point rate reduction […]
Aave, Sky Partner to Bridge DeFi and TradFi
DeFi protocols Aave and Sky (formerly Maker) are exploring a partnership called Sky Aave Force to bridge DeFi and TradFi, backed by a Phoenix Labs proposal to issue SPK tokens for Sky’s stablecoin USDS. According to an announcement made on September 2, Aave and Sky (formerly Maker), two decentralized finance (DeFi) protocols, are investigating a […]
Riot Platforms Pressures Bitfarms for Board Changes
Riot Platforms, Inc., which owns the most shares in Bitfarms Ltd., has written an open message to the company’s shareholders asking for more changes to be made to the board of directors. The next meeting of owners is set for October 29. Riot will push for changes at this meeting that will improve control and […]
BOJ’s Ueda Signals Rate Hike, Potential Bitcoin Price Crash Ahead?
Bitcoin price and crypto market risk collapsing as Bank of Japan (BOJ) governor Kazuo Ueda confirmed rate hikes in the coming months. On Tuesday, Bank of Japan (BOJ) Governor Kazuo Ueda stated that the central bank would further increase interest rates if the economy and inflation meet expectations. This announcement caused the Japanese yen to […]
Ripple Adds Smart Contracts to XRP Ledger
This addition is aimed at expanding XRPL’s capabilities, making it more attractive to developers, entrepreneurs, and users. Ripple, a company specializing in international payments, has announced that the XRP Ledger (XRPL) developer environment will soon receive smart contracts. Ripple claimed that the move will make it possible for users, builders and entrepreneurs to take advantage […]