Fed Chair Powell Says US Government Is on 'Unsustainable' Fiscal Path – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence. Jay Powell on US…
Read MoreTaproot Wizards' Quantum Cats NFTs Leap Past Technical Glitches to Amass $11.3M in Bitcoin – Bitcoin News
The sale of Taproot Wizards’ Quantum Cats non-fungible tokens (NFTs) has so far successfully amassed 268.3 bitcoin, equating to $11.3 million at the current market value. This achievement comes despite earlier hurdles that delayed the sale due to technical issues, resulting in 2,681 Quantum Cat NFTs being snapped up thus far. Quantum Cats NFT Mint…
Read MoreWeekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX – Market Updates Bitcoin News
In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor emerged as frontrunners, boasting increases from 19.2% to an impressive 39.7%. Conversely, manta…
Read MoreStablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit – Bitcoin News
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly Yakovenko, and 468 Capital. Oobit Secures $25 Million in Series…
Read MoreVictoria VR Aims to Be the First Crypto-Related App for Apple's Vision Pro – Metaverse Bitcoin News
Victoria VR is slated to become the inaugural crypto-related application for the Apple Vision Pro. With a focus on active user engagement and a blockchain-based economy, the game will have to navigate the challenges posed by App Store policies as it relates to applications involving crypto. Victoria VR Sets to Be First Crypto-Related App to…
Read MoreMINAR: Revolutionizing Gaming with Decentralized Mining and NFT Integration – Press release Bitcoin News
PRESS RELEASE. Istanbul, Feb 5th, 2024 – Today, the gaming world stands on the brink of a transformative evolution as MINAR a pioneering project by Miner Arena, unveils a revolutionary gaming experience that combines decentralized mining with NFT integration. This groundbreaking venture is set to redefine the relationship between gamers, in-game economies, and blockchain technology.…
Read MoreKenyan High Court Unfreezes $3 Million Belonging to Nigerian Fintech Giant Flutterwave – Africa Bitcoin News
A recent ruling by the Kenyan High Court in favor of the Nigerian fintech startup Flutterwave will see it finally get access to $3 million which has been frozen since July 2022. The judge slammed the Assets Recovery Agency for continuing to hold onto the funds even after it withdrew its suit against Flutterwave. Flutterwave’s…
Read MoreStochastic Oscillator for Day Trading Explained – IQ Option Broker Official Blog
Imagine a giant ocean with major tides, regular waves and small ripples. Short-term traders tend to focus on the ripples — small market movements that occur day to day or intraday. Less experienced traders might make a mistake of trading these ripples without considering the general direction of the tides and the waves. In this…
Read MoreSpanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures – Regulation Bitcoin News
The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is giving the first steps by declaring electronic money entities as tax collection agents. Spanish Treasury Seeks…
Read MoreFTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings – Bitcoin News
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $1.47 billion to upwards of $2.4 billion, FTX is navigating its Chapter 11 bankruptcy with this strategic…
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