Key facts: Rates in the United States are expected to fall to 5.25%. A larger-than-expected rate cut could be bearish for markets, analysts say. The day that the markets have been waiting for, including the Bitcoin (BTC) and cryptocurrency markets, has arrived. Today, the FOMC, the body in charge of monetary policy of the Federal … Read more
Key facts: USDS will be backed by US Treasury bills, overnight repos and cash. BitGo’s stablecoin will be the “first open-source stablecoin,” according to the platform. One of the leading custodians of bitcoin (BTC) and cryptocurrencies, BitGo, announced the launch of USDS (USD Standard), a stablecoin that promises rewards to institutions that provide liquidity. This … Read more
Key facts: Members include Polygon, Hedera and Brazil’s central bank. These open technologies seek to avoid proprietary lock-in in finance. The Linux Foundation, the nonprofit collaborative foundation, has announced the launch of the Linux Foundation Decentralized Trust (LFDT), a new umbrella organization dedicated to advancing the use of decentralized technologies for the digital economy. According … Read more
Key facts: All countries in the BRICS bloc are considering launching digital currencies as a path to de-dollarization. The United States and other G7 countries also have CBDC projects for international payments. Growing interest from governments in developing central bank digital currencies (CBDCs) for wholesale use has emerged as a prominent trend throughout 2024. This … Read more
Argentina and Brazil received a 1 bitcoin grant for key events in the bitcoin (BTC) ecosystem, LaBitconf, Descentralizar and Satsconf, as part of a total donation of 1 billion satoshis (equivalent to 10 BTC) by the Human Rights Foundation (HRF) to 20 global projects. This donationintended to cover travel expenses for developers and keynote speakers, … Read more
LimeWire, known for its popular P2P client for downloading music and other files, has launched Blocknode, a platform that allows users to rent artificial intelligence powered by graphical processing units (GPUs) to those who need to improve their workloads. Users interested in boosting the performance of their infrastructure with AI will be able to access … Read more
Key facts: So far in Q3, the price of ETH has fallen by more than 30%. September is usually a complicated month for the markets due to seasonal issues. The price of ether (ETH), the native cryptocurrency of the Ethereum ecosystem, fell by more than 30% so far in the third quarter of 2024. This … Read more
Key facts: “Now is the time to move quickly with rate cuts,” politicians say. Senators warn that delays in rate cuts have “threatened” the economy. US Senators Elizabeth Warren, Sheldon Whitehouse and John Hickenlooper sent a letter to Federal Reserve Chairman Jerome Powell urging an immediate 75 basis point reduction in interest rates. “Now is … Read more
Trouble is mounting at the U.S. Securities and Exchange Commission (SEC) as, in an unusual twist, its chairman Gary Gensler and four other commissioners are set to appear before the House Financial Services Committee on Tuesday, September 24. That fact is quite an event, if you take into account that For the first time in … Read more
WalletConnect announced the launch of its token native, WCT, and reported that the utility of this cryptocurrency will be the payment of network fees, as well as the distribution of rewards staking and governance. Additionally, the company announced that it will make a airdrop of 185 million WCT. The WCT cryptocurrency will be based on … Read more