Author: cryptodigitalnow
On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points. Even though FED chair Jerome Powell told investors not to wait for interest rate cuts in 2023, during his press conference he did clearly state that the employment data is currently the main focus.The results of the ADP payroll survey revealed on Feb. 1 that U.S. private sector hiring was significantly slower in January. ADP’s measure of private sector payrolls was 106,000, well below the 160,000 market consensus. This…
Embattled FTX founder Sam Bankman-Fried has staved off a case alleging he broke Texas securities laws, after a judge ruled that the state regulator lacks jurisdiction to act against him.The ruling came in a case brought by the Texas State Securities Board claiming Bankman-Fried offered unregistered securities through FTX’s yield-bearing cryptocurrency accounts and that he now owes refunds to Texas investors.Related:Texas regulators probe crypto trading site and its billionaire founderAdministrative Law Judge Sarah Starnes has canceled a Thursday hearing at which Bankman-Fried had been ordered to testify and has given the securities agency until March 1 to file an amended…
(Bloomberg) — Rising Bitcoin prices are buying some time for distressed crypto miners as they renegotiate debt with lenders to stay afloat.A trio of Bitcoin mining companies managed to improve their loan terms this week with the world’s largest cryptocurrency hovering near the highest level since August. Greenidge Generation Holdings Inc. and Terawulf Inc. reached agreements with their lenders to reduce debt, in part by selling shares to them. And a court has allowed Core Scientific Inc., the largest miner by computing power, to refinance its bankruptcy loan so it can continue to operate. Shares of publicly-traded mining companies have climbed…
Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem Dubai, UAE, Feb. 02, 2023 (GLOBE NEWSWIRE) — Sastanaqqam , a blockchain-based company, is collaborating with Boosty Labs, a leading Ukrainian blockchain development company, to create a whitepaper for their upcoming project, which aims to explore the use of blockchain technology in switching from traditional art and art collecting business models to a decentralized one. This collaboration not only brings together two industry leaders, but also supports the Ukrainian blockchain ecosystem. The partnership, which is committed to promoting a peaceful resolution to the ongoing conflict in the region,…
What happened Today’s price action in risk assets has taken many top cryptocurrencies on an impressive ride. Top tokens Bitcoin (BTC 1.36%), Ethereum (ETH 2.88%), and Dogecoin (DOGE 0.42%) have been among the leading gainers in the crypto sector, posting gains of 4.6%, 8.3%, and 6.1%, respectively, over the past 24 hours as of 1:30 p.m. ET on Thursday. These moves, along with the impressive upward momentum in other higher-risk asset classes, is a direct result of yesterday’s rather dovish 25-basis-point hike in interest rates by the Federal Reserve. While still a rate hike, the pace of monetary policy tightening has slowed, with Fed…
Cryptocurrencies amount to a “wretched excess” that should be banned in the US, Berkshire Hathaway’s billionaire vice chairman Charlie Munger argued in a scathing column this week. Munger — the 99-year-old, right-hand man of legendary investor Warren Buffett — has been an outspoken critic of bitcoin and other unregulated digital tokens, which he once likened to a “venereal disease” he was glad to have avoided. In a column for The Wall Street Journal, Munger doubled down on his view that cryptocurrencies are a predatory scam targeting ordinary investors. “A cryptocurrency is not a currency, not a commodity, and not a…
(Bloomberg) — Smaller coins led gains among cryptocurrencies Thursday on the back of investor optimism that central banks in the US and Europe will finally ease their aggressive interest-rate hiking.Most Read from BloombergAltcoins, including Ether and Cardano, are climbing north of 2% as of 12:47 p.m. in New York Thursday, while Bitcoin pared back its strong advance. Still, the largest token by market value rose as much as 2.4% Thursday before moderating its gains to trade at $23,786. A gauge of the top 100 coins is up 37% so far in 2023.Investors are “moving out the risk spectrum towards more…
DUBLIN, Feb. 2, 2023 /PRNewswire/ — The “Blockchain in Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global blockchain in retail market reached a value of US$ 233.5 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 3,731.75 Million by 2027, exhibiting a CAGR of 58.71% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a…
© Reuters. Altcoins Surge in a Sea of Green – Could There Be a Catch? The crypto market regained ground that was lost during the bear market. was able to pay a brief visit above $24,000 before consolidating. Altcoins rallied following positive Fed interest rate changes The cryptocurrency market opened in February on a positive note, with cryptocurrencies demonstrating bullish trends on February 2nd. Bitcoin’s price has risen above $23,500 and is looking to take out and hold the $24,000 level following a 3% surge over the last 24 hours. Altcoin Gainers has also gained 5.52% over the same period,…
(COLORADO) — FBI Denver is warning of cryptocurrency scams impacting Coloradans, specifically a variant of the “pig butchering” scam. “In this scheme, fraudsters, posing as highly successful traders in cryptocurrency, entice victims to make purported investments in cryptocurrency providing fictitious returns to encourage additional investments,” according to a recent FBI press release. Investigators at the FBI Denver office said there is a new trend where adults are being caught up in crypto investment scams, especially involving Tether (USDT) and USD Coin (USDC). According to FBI Denver, victims are being approached on social media, dating apps, or discussion forums with an…
