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End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead
23.7.2023
With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick...
ISIS Allies Used Crypto to Raise Millions: TRM Labs
21.7.2023
Affiliates of the most notorious terrorist organization use centralized exchanges, the blockchain intel firm said
Polychain Capital, Coinfund raise $350M for new crypto funds: Report
19.7.2023
Polychain Capital raised $200M for its newest fund while Coinfund raised a better-than-expected $152 million
Child-Focused Egyptian Fintech Startup Secures $1.5 Million in Funding
11.7.2023
Egyptian fintech startup Masroofi recently raised $1.5 million through an investment round supported by unnamed investors. The capital raise came shortly after Masroofi’s co-founders reportedly rejected a funding offer from investors in the “Shark Tank” program. Investors Drawn...
European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns
10.7.2023
The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.
While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one particular aspect:...
Decentralized Fiverr and Upwork Platform Raise $1.4 Million – Time to Buy?
3.7.2023
DeeLance has recently achieved a remarkable milestone in its ongoing presale.
The platform, designed to revolutionize the recruitment industry, has successfully raised an impressive $1.46 million in the presale of its native token, $DLANCE.
This outstanding achievement has garnered significant...
Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
1.7.2023
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation, emphasizing that the Fed “must keep their feet...
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
1.7.2023
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could...
Sharia-Compliant Islamic Coin Secures $200 Million in Funding From ABO Digital
29.6.2023
Islamic coin, a Sharia-compliant crypto asset, has secured $200 million from ABO Digital, which brings to $400 million the total funding that the project has received. The latest capital raise is expected to give the crypto project access to funding of up to $200 million as well as to ensure that...
Big Eyes turned out to be a rug pull. Mooky presale to raise 800k+ in funding
26.6.2023
Mooky.io, the adorable and trendsetting meme token of 2023, is making waves in the crypto world with its unique focus on environmental sustainability and community governance. With a commitment to global tree-planting initiatives and inspiring positive change, Mooky.io is revolutionizing the...
US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize
25.6.2023
U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good...
Brazil to Push De-Dollarization Agenda at BRICS Meeting
24.6.2023
Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why can’t Brazil and China trade in their currencies?...
Hinman documents in Ripple case raise questions about SEC's motives
15.6.2023
According to crypto lawyer Fred Rispoli, the Hinman documents depict an agency prioritizing expanding its jurisdiction over fulfilling its core responsibility of safeguarding U.S. investors
Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
14.6.2023
In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and...
CryptoSlots Celebrates Fifth Birthday with New Bonuses, a Revamped Cashback System, and World-Class VIP Treatment
12.6.2023
PRESS RELEASE. June 12, 2023 — It’s time to pop the champagne and raise a toast, because CryptoSlots, one of the premier online casinos for crypto enthusiasts, has just turned 5 years old. Ever since its launch in 2018, CryptoSlots has been a mainstay for iGaming enthusiasts...
US Congressmen blame crypto firms for 'tax gap' in letter to Treasury
6.6.2023
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto
Award Winning Recycle-to-Earn (R2E) Project Ecoterra’s Presale Raise Surges to Nearly $5m - Is This The Ultimate Green Utility Crypto?
5.6.2023
Saturday, 3rd June - One of 2023’s most exciting green crypto projects just hit a huge milestone in its fundraising efforts.
Revolutionary web3 Recycle-to-Earn (R2E) platform ecoterra’s presale of its native $ECOTERRA crypto token just hit the $4,775,000 million mark, meaning the presale...
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners
1.6.2023
On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per second (EH/s). Acquisition to Boost Cleanspark’s...
Japanese AI experts raise concern over bots trained on copyrighted material
1.6.2023
Takashi Kii, the Member of the House of Representatives for 10 Wards of Fukuoka indicated that he is pushing for regulation to protect copyright holders from being infringed on by AI