Listen To This Episode: On this episode, “Bitcoin Bottom Line” hosts Steven McClurg and C.J. Wilson met to discuss bonds and crypto. Wilson opened by asking McClurg what changes he has seen in the bond market. McClurg stated that when it comes to bond yields, the Federal Reserve tightens and makes it more expensive to borrow. More prominent institutional investors…
Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top 20, was up by as…
In brief Web3 venture studio SuperLayer will use Solana to launch projects that tap into the RLY Network. SuperLayer’s co-founders created social token platform Rally.io and the RLY Network protocol behind it. Rally.io is a leading Ethereum-based platform for creators to launch their own social tokens, which lets social media personalities, bands, esports teams, and more engage with and monetize…
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims to Expand Staff to ‘100-Strong’…
Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible privacy and due process concerns in a new bill proposed by House leaders. According to a Wednesday Twitter thread from Brito, the America COMPETES Act recently released by House members contains a provision that he said would be…
The bull run may be over, but this bear market has already served up a few strange morsels. On Tuesday, Tesla CEO and long-time Dogecoin fan Elon Musk tweeted at McDonald’s in an attempt to get the fast-food chain to accept DOGE as payment. McDonald’s responded by saying that it would only make the change if Tesla also accepted a…
Bitcoin (BTC) and most major altcoins have bounced off their strong support levels but could the rally sustain to the extent that traders feel confident that a bottom in place? Bloomberg Intelligence senior commodity strategist Mike McGlone said that Bitcoin’s price is “about 30% below its 20-week moving average,” roughly at the same position, which had led to bottom formations…
Russian president Vladimir Putin today said that Russia has “certain competitive advantages” when it comes to mining cryptocurrencies such as Bitcoin, according to a transcript posted to an official government website. His comments came one day after the government’s Finance Ministry said it would be “necessary to allow these technologies to develop”—and that a cryptocurrency ban was not necessary. Last…
Russian President Vladimir Putin on Wednesday said the country has distinctive characteristics that allow it to benefit from bitcoin mining while its central bank last week called for a complete ban of the activity in the country as it worries cryptocurrencies could pose risks to its citizens. Putin also asked the Bank of Russia to reach a consensus with the…
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem Crypto Project Mark Zuckerberg’s Meta, formerly Facebook, is trying to sell its assets in…
