Famous political speaker Tucker Carlson has a lot of respect for Bitcoin, and is apparently very confident about the identity of its creator. During a private event on Friday held at Bitcoin 2024, the former Fox News host spoke at length about why crypto is the world’s best tool for enabling financial sovereignty—even though it was invented by the Central…
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […] Source: https://news.bitcoin.com/no-rate-cuts-yet-fed-maintains-rates-at-historic-highs/
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants. Source: https://cointelegraph.com/news/bybit-launches-digital-rupee-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin didn’t waver after the United States Federal Reserve announced that it would leave interest rates unchanged—a widely expected move from investors. The price of the biggest digital asset by market cap now stands at $66,585, according to CoinGecko, a 24-hour rise of 1.2%. In the statement from the rate-setting committee, the policy-making body said that the U.S. economy was…
Tether Holdings Limited, the company behind the world’s largest stablecoin USDT, has reported a profit of $5.2 billion for the first half of 2024, according to its latest quarterly attestation report. That’s record profit for Tether, according to the company, which claims to hold reserves for its tokens totaling $118.4 billion, with liabilities at $113.1 billion. And despite what appears…
Bitcoin bulls have held the $65,000 level, but BTC and altcoin charts show it’s too early for traders to expect a short-term trend reversal. Source: https://cointelegraph.com/news/price-analysis-7-31-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Story of Solana Meme Coin Billy Billy is the largest Solana meme coin on Pumpdotfun, peaking at a market cap of over $200 million. But it wasn’t always smooth sailing. Minutes after launching Billy’s dev abandoned him and sold the majority of their tokens. At the time, the tokens were worth $1,116 but at today’s value they’d be worth…
The Bahamas has passed a new crypto law which aims to adapt to how the industry has changed since 2020, following the collapse of Sam Bankman-Fried’s FTX and the failure of Do Kwon’s Terraform Labs. The Digital Assets and Registered Exchanges Act 2024 (known as DARE 2024) most notably introduces new rules for businesses providing custody of digital assets. These…
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […] Source: https://news.bitcoin.com/tether-posts-5-2-billion-profit-in-first-half-of-2024/
Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves. Source: https://cointelegraph.com/news/hashrate-recovery-bitcoin-miners-selling-pressure-july?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
