A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks. Source: https://cointelegraph.com/news/federal-reserve-united-states-interest-rate-cuts-bitcoin-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […] Source: https://news.bitcoin.com/china-russia-trade-crypto-barter/
USDC to embrace tap-and-go payments after Apple opens up NFC
United States stablecoin giant Circle says tap to pay functionally for USDC will be coming “soon” to iPhones. Source: https://cointelegraph.com/news/usdc-embrace-tap-and-go-payments-apple-opens-up-nfc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth. Source: https://cointelegraph.com/news/defi-rises-again-as-aave-hits-new-ath-in-weekly-borrowers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy
Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […] Source: https://news.bitcoin.com/vanguards-new-ceo-reaffirms-no-crypto-etfs-in-future-strategy/
Australian regulator claims 58% of crypto ads on Facebook are scams
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams. Source: https://cointelegraph.com/news/australia-regulator-claims-58-percent-crypto-ads-facebook-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Senator Schumer Vows to Pass Crypto Regulation This Year in Bid to Win Over Voters
Sen. Chuck Schumer (D-NY), majority leader in the U.S. Senate, speaking during a digital town hall meeting on Wednesday, vowed to pass crypto legislation by the end of the year. “I believe Washington cannot just look away from crypto, stick our heads in the sand, and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something…
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC
Marathon’s latest 4,144 Bitcoin buy comes as boss Fred Thiel last month said it was adopting a “hodl strategy” for the cryptocurrency. Source: https://cointelegraph.com/news/marathon-digital-buys-249m-bitcoin-reserves-reach-25000-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […] Source: https://news.bitcoin.com/claudia-sahm-warns-fed-delayed-rate-cuts-could-spur-unnecessary-recession/
Confiction Labs Introduces Proof of Exposure, a New NFT Allowlist Verification System
Singapore, Singapore, August 15th, 2024, GamingWire Confiction Labs, a developer of the cooperative roguelite shooter game Riftstorm, has implemented its in-game lore-integrated NFT allowlist verification process called Proof of Exposure, to combat the increasing instances of botting in web3 gaming. The process is part of an effort to verify and reward real users who want to be immersed in the…