How will lower interest rates benefit Bitcoin?
Cointelegraph analyst and writer Marcel Pechman explains how lowering the interest rates in the U.S. will ultimately benefit Bitcoin and the cryptocurrency market. Go to Source Powered by WPeMatico
Month: May 2023
The US should promote USDC — before it’s too late
USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption. Go to Source Powered by WPeMatico
BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days
Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently … Read more
BitDAO proposes to replace BIT token in branding revamp
After community approval, BIT holders will undergo a token conversion process for the new Mantle token. Governance and treasury management will remain unchanged. Go to Source Powered by WPeMatico
MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects
DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain. Go to Source Powered by WPeMatico
President Biden announces nominations for key positions at Federal Reserve
Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency. Go to Source Powered by WPeMatico
Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs
The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes. Go to Source Powered by WPeMatico
Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Go to Source Powered by WPeMatico
Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO
Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba … Read more
NBCUniversal veteran will replace Elon Musk as Twitter CEO
Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks. Go to Source Powered by WPeMatico
