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Tag Archives: Bitcoin News

The Fed Hikes Rates Again, but Analysts Think Bitcoin Will Surge Soon

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Fed recently made the decision to hike rates again, but the situation appears to be quite different according to various bitcoin and crypto analysts. The Fed and Bitcoin: Working Off Each Other? This is the tenth hike instituted by the Fed over the past year or so, and many believe this could be the last...

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BTC Price Plummets Below $25K as Fed Pauses Interest Rate

Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to the Fed, the inflation rate appears to be decreasing, and it wants to see whether previous rate increases were sufficient to slow price increases. However, it was...

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Pro-Bitcoin Miami Mayor Files Paperwork for US Presidential Bid

While the Bitcoin community may support the Miami Mayor and cast their vote for him, his acknowledgment about not voting for Trump in the 2016 or 2020 elections could affect their decision. The Mayor of Miami and Bitcoin advocate Francis Suarez has signaled his intention to run for the US presidential position. As he joins the Republican race for the seat of president, Suarez has become the first Hispanic in the group. As the son of the city’s first Cuban-born Mayor, Miami voters have...

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Binance Cloud Mining: Exchange Floats New Product for Mining BTC

Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout. The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services. According to the announcement, the service goes live on Thursday, June 15th, and access to it will be...

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Balaji Srinivasan Forfeits $1 Million in Lost Bitcoin Bet

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...

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Lama Introduces Visa Cards with Bitcoin Cashback to Customers

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...

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Florida Governor Ron DeSantis Defends Crypto and Bashes the Idea of CBDCs

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,...

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Bitcoin Price Analysis: BTC Could Rally Above This Resistance

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is attempting a fresh increase from the $25,400 zone against the US Dollar. The price is now trading below $26,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $26,300 on the 4-hour chart of the BTC/USD pair (data feed from...

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Analysts: Bitcoin Will Live Through Every Bank Failure

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up There have been many bank failures as of late. The good news – according to several analysts – is that bitcoin is not only going to survive the onslaught, but it will come out with a bright, shining halo over its head at the end. Bitcoin Is a Fighter At the time of writing, several financial institutions – such...

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US Inflation Rate Surge: Will Fed Stick to Its Aggressive Approach?

On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...

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