As the crypto markets show signs of recovery, looming economic events in the United States pose a potential threat to this upward momentum. The Federal Reserve’s upcoming release of key inflation metrics will likely have a significant impact on monetary policy, shaping the future direction of the markets. Federal Reserve policymakers are currently facing a
Crypto
The recent Bitcoin halving event has cut the miners’ block rewards in half, leading to a significant reduction in the daily issuance of BTC. This event is crucial in the cryptocurrency industry as it directly affects the inflation rate of Bitcoin and has historically resulted in a price rally. The Bitcoin halving mechanism reduces the
The NFT trading space experienced a significant surge in volumes during the first quarter of 2024, reaching a total of $4.7 billion across the top 10 marketplaces. Blur, the leading NFT marketplace, maintained its stronghold with $1.5 billion in volume and a market share of 27.6%. However, Magic Eden emerged as a major competitor, surpassing
Ethereum has been on a rollercoaster ride lately, experiencing a rapid downturn that has left many investors worried. However, all hope is not lost as the cryptocurrency has found support in a substantial zone that includes the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. This support zone
Michael Saylor, the founder of MicroStrategy, has been actively selling off shares of his brainchild over the past several months. As part of a stock-sale agreement entered into last year, Saylor has the authorization to unload up to 400,000 shares until April of this year. So far, he has successfully cashed in 370,000 shares, totaling
Bitcoin’s fourth halving recently occurred, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC. This event is anticipated every four years and has significant implications for the cryptocurrency industry. The daily issuance of Bitcoin has now been cut in half, standing at around 450 Bitcoin compared to the previous approximately 900. This reduction
Binance, the world’s largest cryptocurrency exchange, was once banned by the Indian government. However, after agreeing to pay a penalty of approximately $2 million, Binance is now set to make a comeback in the Indian market. The agreement includes oversight by the finance ministry’s Financial Intelligence Unit (FIU), where Binance will have to comply with
As the fourth Bitcoin halving approaches, mining companies are bracing themselves for a significant drop in stock prices. Scheduled for later this week, the halving will cut mining rewards in half to 3.125 BTC, currently valued at approximately $200,000. Key players in the Bitcoin mining industry, such as Marathon Digital (MARA) and Riot Blockchain (RIOT),
Recently, the social media account of the famous actor Tom Holland, known for his role as Spider-Man, was hacked. This incident has caused quite a stir among his fans and followers, as the attackers used his platform to promote a fake cryptocurrency and NFT scheme. The compromised account made false announcements regarding a partnership with
Ethena is a synthetic dollar protocol built on the Ethereum blockchain that introduces the stablecoin USDe to the decentralized finance (DeFi) market. The primary objective of USDe is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. Since its launch in February, USDe has experienced rapid growth,
