Crypto news

In a temporary respite for Sam Bankman-Fried, the disgraced founder of now-bankrupt cryptocurrency exchange FTX was able to block the addition of new charges in his United States indictment. The ruling comes as the former exec sought an opportunity to make arguments in the country to drop a few existing charges against him. The court order is expected to delay the case in the US. According to a filing this week, the Bahamas Supreme Court Judge Loren Klein granted leave to...

The Federal Reserve opted not to raise its federal funds rate following the Federal Open Market Committee (FOMC) meeting on Wednesday, breaking an uninterrupted streak of aggressive hikes dating back to March 2022.  Bitcoin reacted to the announcement with minimal volatility, staying rangebound between $25,800 and $26,000. Bitcoin traded for $26,000 minutes before the Fed’s announcement, before falling to $$25,756 moments afterward. It trades for $25,868 at press time.  The...

The indicator that displays the general sentiment toward bitcoin – the BTC Fear and Greed Index – dropped to “Fear” territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March. One possible reason behind the trend’s change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto investor Balaji Srinivasan has lost $1 million in a failed digital currency bet. Balaji Srinivasan Is Forking Over $1 Million It was originally decided back in March of this year between Srinivasan and a pseudonymous figure on Twitter named James Medlock that a bitcoin bet was in order. Srinivasan said...

Lama joins Gate.io, Crypto.com, and Bybit amongst other crypto trading platforms in offering crypto debit cards to customers. Crypto exchange Lama has launched its own branded cards from Visa Inc (NYSE: V). According to a press release shared with Coinspeaker, these cards can enable quick conversion of cryptocurrencies to fiat currencies, allowing users to spend their digital assets and Euros everywhere Visa is accepted. Lama offers both physical and virtual Visa cards to cater to the...

Data has shown that the US Treasury yields fell as the traders and investors expect the Fed to either increase or postpone a rate hike. US Treasury yields fell on Wednesday as the market anticipates the Federal Reserve’s decision on subsequent interest rate hikes. The 2-year Treasury yield fell to 4.656%, losing 4 basis points, while the10-year Treasury yield fell to 3.808% after losing 3 basis points. Traders generally expect the Fed to resume rate hikes by July, with a 63% chance that...

Michael Saylor – Executive Chairman of MicroStrategy – believes the regulatory pressure coming from the US SEC could be a bullish factor for bitcoin’s price and increase its dominance above the other digital assets.  The American predicted that many altcoins will be deemed securities and exchanges will delist them. BTC will be among the few to be spared, whereas its market share dominance could spike to 80%, Saylor added.  Bitcoin is ‘Destined’ to Succeed One of the keenest...

Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen’s goals. On June 13th, Horizen, a leading layer 0 public blockchain, announced its strategic partnership with Auros, a global algorithmic trading and market-making firm, to boost the adoption of $ZEN while preparing for the launch of the EON ecosystem. According to Horizon’s...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ron DeSantis – the republican governor of Florida – recently issued a statement defending digital currency. Ron DeSantis is Clearly a Crypto Fan DeSantis has taken issue with the ongoing, anti-crypto agenda enforced by the Biden administration. He stated that one of the big reasons Biden and his fellow,...

As inflation slows, the European Central Bank (ECB) may halt future rate hikes, with the upcoming staff projections and rate decision playing a crucial role in determining the bank’s approach. Central banks across the world have been hiking interest rates in order to tame the soaring inflation. However, as inflation shows signs of slowing down, the European Central Bank (ECB) could soon bring an end to future rate hikes. The ECB is likely to increase its benchmark policy by an additional...