Tag Archives: News

Jerome Powell – the head of the Fed – has announced that due to ongoing stress endured by the American banking system, he and his cronies will likely ease their hiking of interest rates. Strangely, the news has not done great things for bitcoin or crypto. In fact, prices took a small and temporary dive following the announcement. Jerome Powell Hints at Potential Curb to Rate Hikes This is arguably the attitude Powell should have had a long time ago. When banks are...

CoinspeakerBernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification Bernstein believes that going ahead only big players would be able to survive as mining costs continue to rise. Bernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification

CoinspeakerJPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds. JPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto

CoinspeakerSamsung Predicts 96% Profits Loss in Q2 2023 The executive director of Daiwa Securities Capital Markets SK Kim said that Samsung may benefit from the US demand. Samsung Predicts 96% Profits Loss in Q2 2023

CoinspeakerShibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer In addition to launching Shibarium in August after the blockchain conference, Shiba Inu would likely provide more information on ecosystem projects. Shibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer

CoinspeakerFBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities. FBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations

Bitcoin cash is eyeing a fresh rally above the $300 resistance against the US Dollar. The price is now trading above the $260 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $289 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $290 and $300 to continue higher in the near term. Bitcoin cash price is consolidating gains above $260 against the US Dollar, unlike...

Towards the end of May, crypto prices rose somewhat following news that Hong Kong would permit retail trading and move in the opposite direction of its mainland countrymen. Hong Kong Says “Yes” to Crypto Trading Bitcoin, for example, which had been trading in the mid-$26,000 range for several weeks, eventually shot beyond the $27K mark for the first time in a while, while Ethereum – which had fallen into the $1,700 range – shot up to about $1,850. The jumps...

CoinspeakerJPMorgan Warns of Potential Economic Downturn for UK, Says Interest Rates Could Surge to 7% The potential increase in interest rates would have wide-ranging implications for the UK economy. JPMorgan Warns of Potential Economic Downturn for UK, Says Interest Rates Could Surge to 7%

A new bill is making its way to the Texas House of Representatives that might make it hard for crypto mining companies within the state to gain access to the funds and resources they need to stay afloat and function properly. Texas Crypto Bill Is the Wrong Move The bill, for one thing, would ensure that power costs for the largest crypto miner in the state will increase by as much as $30 million each year. Also, miners would only be able to provide a limited...