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Tag Archives: News

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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Binance Announces Maverick Protocol as 34th Project on Binance Launchpool

The Maverick Protocol will be available on the Binance Launchpool as the newest project launched after the Sui blockchain in April. Binance has introduced the newest project on the Binance Launchpool, Maverick Protocol (MAV). The Maverick Protocol, the 34th project on Binance Launchpool, is a decentralized exchange (DEX) that helps liquidity producers hit their capital efficiency targets regardless of their liquidity providing (LP) strategy. According to the official Binance announcement,...

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Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says

The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...

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Orbs Debuts Permissionless Beta Launch of DAO Solution – TON.Vote

As the permissionless beta launch of TON.Vote. goes live, Orbs’ L3 Guardians technology will be required to boost security.  Layer-3 infrastructure network for Decentralized Applications (DApps) Orbs has announced the permissionless beta launch of TON.Vote. According to the Press Release shared with Coinspeaker, TON.Vote is the new Decentralized Autonomous Organization (DAO)-based governance solution for The Open Network (TON).  According to Orbs, any TON-based project focused on infusing...

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Generative AI Video Platform Synthesia Raises $90 Million at $1 Billion Valuation 

Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes...

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The Fed Could Hike Rates Again; What Will Happen to BTC?

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin, Ethereum, and many other assets have experienced certain degrees of healing in the year 2023, a big turnaround from the previous 12 months, though the fact remains that the Fed is still looking into hiking rates, and another rate jump could be right around the corner. The Fed Could Hike Rates Again It...

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Bitcoin Price Stabilizes in $26K Range Following Recent Regulatory-Induced Volatility

The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that plagued the crypto industry and caused uncertainty and doubt. According to CoinMarketCap data, Bitcoin is trading at $26,147 after climbing less...

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Biden Wants to Tax Crypto Mining Companies at 30%

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Biden and his fellow group of nation haters are once again setting their sights on cryptocurrency. Biden is asking Congress to pass a new 30 percent tax on all crypto mining operations. Biden is Again Attacking Crypto The goal is to allegedly prevent climate change and stop the crypto mining arena from having a...

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Fortune Ranks Ripple as One of Best Places to Work in Bay Area

After the analysis of thousands of feedback from employees across various workplaces in the Bay Area, Ripple was named among the top 10 in the Fortune Magazine ranking of the best workplaces in 2023. The Great Place to Work ranking is based on employees’ experiences and general feedback about their workplaces. The data is usually gathered to see how companies can improve based on the information derived about specific needs. In conducting the analysis, they use a Trust Index survey to get...

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SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...

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