Mastercard is teaming up with leading US institutions to try out shared-ledger technology for settling tokenized assets, such as commercial bank money. This collaboration aims to explore how this technology can streamline the settlement process for tokenized assets across different financial entities. Testing Shared-Ledger Technology for Tokenized Asset Settlement Mastercard and its partners are conducting…
Bitcoin’s value has surged by 6.47% due to positive news about the Federal Reserve’s interest rate plans and strong labor market reports. This indicates that investors are feeling more confident about the cryptocurrency. Bitcoin’s recent 6.47% surge is fueled by growing optimism, propelled by positive macroeconomic indicators. The uptick in the U.S. M2 money supply,…
The Federal Reserve didn’t surprise many by keeping its main interest rate unchanged at the Federal Open Market Committee Meeting (FOMC) on Wednesday. This decision, though, might not be what some investors in cryptocurrencies and stocks were hoping for. Earlier that day, Bitcoin’s price had fallen sharply by 6%. Bitcoin Price Reacts Positively to Fed…
Bitcoin’s price experienced a 5% pullback following the lackluster debut of Bitcoin and Ether ETFs in Hong Kong. Concerns over high leverages liquidation also contributed to the decline. Despite hopes for a relief rally, the ETFs’ launch failed to meet market expectations. The disappointing debut in Hong Kong added to the market’s concerns. Additionally, U.S….
The crypto market is really interested in what the FOMC decides about interest rates. They’re waiting eagerly because the most recent GDP & PCE data has got them worried. They’re thinking there might be a delay in the Fed’s plans to cut rates, and that’s making them concerned. Crypto investors are nervous as they wait…
The crypto market got even more chaotic when the CEO and chief technology officer of Samourai Wallet got in trouble with the U.S. Department of Justice (DOJ). Bitcoin, Ether, and other big cryptocurrencies took a quick dive when news broke about the arrest of the Samourai Wallet founders. This happened while tensions were already high…
Bitcoin mining stocks recovered shortly before the halving, after weeks of decline. Tension in the Middle East slowed growth in tech stocks, showing a correlation between stocks and crypto assets. The halving today will halve miner rewards, leading to significant market movements in recent months. Bitcoin’s price sits at $63,501 as it battles against liquidations…
Bitcoin’s fourth halving block was just confirmed, mined by ViaBTC, according to Blockchain.com. This event slashes the mining reward in half, a measure taken every four years to limit new bitcoin creation and control inflation. In the halving block, there were 3,050 transactions, and they paid a whopping total of 37.6256 BTC (that’s about $2,401,399)…
With the Bitcoin Halving just hours away, investors and miners are preparing for potential market impacts. Occurring roughly every four years, this event often sparks price surges across major cryptocurrencies. As miners face reduced rewards, investors anticipate potential market shifts. Stay tuned for insights as the countdown to the Bitcoin Halving progresses. Bitcoin Halving: An…
Google’s CEO, Demis Hassabis, announced at a TED conference in Canada that Google DeepMind plans to invest over $100 billion in developing Artificial General Intelligence (AGI). This decision was influenced by Microsoft’s “Stargate” initiative, highlighting Google’s dedication to advancing AGI technology. DeepMind co-founder Demis Hassabis, who joined Google after its acquisition of DeepMind in 2014,…