The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform. Source: https://cointelegraph.com/news/ethena-domain-registrar-hacked?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Inflation in Check? Fed Cuts Interest Rates for First Time in Four Years
The Federal Reserve lowered its benchmark interest rate by 50 basis points Wednesday, kicking off its long-anticipated easing cycle with a sizable first step. The Federal Open Market Committee (FOMC) decided to lower the federal funds rate to a target range of 4.75% to 5.00%, marking its first rate cut in four years. Minutes before the decision, traders foresaw a…
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […] Source: https://news.bitcoin.com/fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020/
Silvergate Capital files for Chapter 11 bankruptcy in Delaware
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million. Source: https://cointelegraph.com/news/silvergate-capital-files-chapter-11-bankruptcy-delaware?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Barron Trump Is a Time Traveling Crypto Degen, Says Jan 6. Organizer
Barron Trump, the youngest son of former president Donald Trump, isn’t just a meme coin trading crypto degen—he’s also a time traveler, says Dustin Stockton, lead organizer of the January 6 protest. Wacky? Sure. But whether the latter is believable isn’t the point. The point is Stockton, a political activist deep in MAGA land, genuinely believes it—as do other like-minded…
Crypto Market Volatility Analysis – CryptoCurrencyNews
The cryptocurrency market has been experiencing significant volatility, with prices fluctuating wildly over the past few weeks. This volatility is attributed to several factors, including regulatory news, market speculation, and macroeconomic indicators. Bitcoin, the largest cryptocurrency by market capitalization, saw its price drop by 10% in a single day, only to recover partially within the next 24 hours. Ethereum followed…
NFT Project Doodles to Celebrate Rubik’s Cube’s 50th Anniversary With Digital Collectibles
Non-Fungible Token (NFT) project Doodles has announced a collaboration with Spin Master to celebrate the 50th anniversary of the Rubik’s Cube. This partnership will introduce a “pack ripping” fan experience, where participants can unlock both physical and digital collectibles. Among the collectibles is a unique diamond-encrusted Rubik’s Cube from Eliantte & Co. The initiative also […] Source: https://news.bitcoin.com/nft-project-doodles-to-celebrate-rubiks-cubes-50th-anniversary-with-digital-collectibles/
Today’s Cryptocurrency Market Trends – CryptoCurrencyNews
The cryptocurrency market has seen significant volatility today, with major coins experiencing substantial price fluctuations. Bitcoin (BTC-USD) led the charge, initially surging by 5% in the early trading hours before retracting by 3% as the day progressed. This volatility has been attributed to various macroeconomic factors including inflation concerns and regulatory developments in key markets. Ethereum (ETH-USD) followed a similar…
BitGo Takes On Coinbase and Tether With USDS Stablecoin Launch
The stablecoin wars are heating up, and American digital asset custodian BitGo is the latest to join the fray with Wednesday’s launch of its new U.S. dollar-pegged coin. Dubbed USDS, the asset will prioritize “fairness, transparency, and market neutrality,” BitGo said in a statement. USDS will be available in January 2025, the firm said, with rewards promised to users. The…
Cryptocurrency Price Movements Today – CryptoCurrencyNews
Today, the cryptocurrency market observed significant movements with noteworthy price changes across various digital assets. Bitcoin (BTC) experienced a slight increase, trading around $30,000, reflecting investor confidence despite recent market volatility. Ethereum (ETH) followed a similar trend, climbing to $1,900, driven by ongoing developments in DeFi projects. Ripple (XRP) surged by 10% amid positive legal developments, while Cardano (ADA) saw…