News - Page 30

The crypto market experienced a significant increase in prices after the United States Federal Reserve Open Market Committee (FOMC) decided to keep interest rates steady in the range of 5.25% to 5.50%. This decision added to the positive momentum that had been building since the last week of October 2023.

In a strategic move, MicroStrategy has purchased an additional 155 bitcoins for $5.3 million, further expanding its cryptocurrency portfolio. This acquisition comes as Bitcoin's market value reaches a significant yearly peak, as noted by Chairman Michael Saylor. With this latest investment, MicroStrategy solidifies its position in the digital currency sphere.

The prosecutors in the FTX fraud trial have concluded that Sam Bankman-Fried, the disgraced founder of FTX, is guilty beyond reasonable doubt. In court transcripts reported by Inner City Press, Assistant Attorney of the United States Nicolas Roos addressed the jury, presenting a compelling argument against Bankman-Fried.

A crypto strategist who accurately called the top of Bitcoin’s 2021 bull market is expecting another leg up for XRP. Pseudonymous analyst Pentoshi believes that XRP looks bullish after breaking through a key resistance level at $0.548. He suggests that a breakout above $0.548 could lead to a price range of $0.62-$0.63.

The United States Federal Reserve Open Market Committee (FOMC) has decided to keep the interest rate range unchanged at 5.25%-5.50%. This decision comes after a period of aggressive interest rate hikes since March 2022.

Amidst the ongoing turmoil enveloping FTX, a recent mishap has left a $58 million Solana (SOL) stranded in a staking account linked to the embattled crypto exchange. This incident adds another layer of complexity to the unfolding drama.

A trader who accurately called Bitcoin’s May 2021 crash believes that the king crypto has officially entered a bull market. Pseudonymous analyst Dave the Wave points out that Bitcoin’s moving average convergence divergence (MACD) indicator on the monthly chart has flipped bullish after crossing over the zero level.

A Telegram trading bot crypto project that was launched earlier this year has been exploited for more than $600,000. The team behind the Unibot (UNIBOT) crypto project has confirmed that the hack was a token approval exploit. They have taken immediate action by pausing their router to contain the issue. The team assures users that any funds lost due to the bug on their new router will be compensated and that their keys and wallets are safe. They have also promised to release a detailed response after completing their investigations.

Starknet, one of the leading Ethereum layer-2 networks, has recently gained attention with the allocation of its STRK tokens. This article explores the significance of these tokens and their potential impact on the network's growth.

We are pleased to announce the launch of Valinor, a new investment entity dedicated to exploring opportunities in the fields of blockchain and financial innovation. Building upon the success of our previous venture, NovaWulf, we are excited to embark on this new chapter with the support and collaboration of our former partners.

The central bank's stance on economic growth remains unchanged, as indicated in its recent policy statement. The bank acknowledges the presence of risks to economic growth, a sentiment that aligns with its previous statement in September. However, the decision on whether to implement another pause or rate hike at the December meeting will be based on incoming data. This suggests that the central bank is closely monitoring economic indicators to make informed decisions. It is important for stakeholders to stay updated on the latest economic data as it will play a crucial role in determining the central bank's next move.

The XRP price recently broke free from a two-month-long accumulation phase, indicated by its exit from a triangle pattern. This breakout resulted in an 11% gain, pushing the coin's price from $0.54 to its current trading level of $0.6. However, given the current market volatility, the question remains: can buyers sustain this momentum?

Coinbase, the top US-based crypto exchange platform, has announced the launch of crypto futures trading for retail investors in the US. This new offering allows US Coinbase Advanced customers to trade regulated leveraged crypto futures through Coinbase Financial Markets.

In a high-profile trial taking place in Manhattan’s federal courtroom, Assistant U.S. Attorney Nicolas Roos has accused FTX founder Sam Bankman-Fried (SBF) of masterminding a significant financial deception. Roos presented a compelling case, revealing what he called a “pyramid of deceit” that allegedly led to the loss of at least $10 billion of investors’ money.

Unregistered offerings in the crypto market have become a breeding ground for fraudulent schemes and scams. The lack of disclosures and accountability in these offerings make them attractive to scammers who exploit vulnerabilities to enrich themselves at the expense of others.

Tron (TRX) price is showing strong bullish momentum, defying the sluggishness in the overall market. This week, while Bitcoin price remains below $35,000 and Ethereum price wobbles around $1,800, Tron and Solana (SOL) have been performing exceptionally well.