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
Circle announced today that its stablecoin, USD Coin (USDC), is now available in Brazil and Mexico through the national real-time payment systems, PIX and SPEI, respectively. This integration allows direct access to USDC using local currency, reals in Brazil and pesos in Mexico, without the need to first convert to US dollars. According to the … Read more
The US Federal Reserve (Fed) is at a critical point. The decision on the adjustment of interest rates, scheduled for September 18, has sparked intense debate among economists. Neil Dutta, head of economics at Renaissance Macro, argues that a cut of just 25 basis points in interest rates could have adverse consequences. “Unless something changes, … Read more
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States recorded inflows of more than $12 million and have seen capital inflows for three consecutive days. The big news of the day is that BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest ETF, reported money coming in again after three weeksThe last time was on August … Read more
Key facts: The XO Swap exchange service, developed by Exodus, is available on Ledger Live. According to Exodus, the integration with Ledger seeks to give users control. Ledger has integrated the XO Swap feature, developed by cryptocurrency services company Exodus, into its Ledger Live platform. This integration allows users to exchange cryptocurrencies directly from their … Read more
Key facts: Markets are pricing in cuts like those in past recessions, the agency says. Analysts are predicting a rate cut of just 25 basis points. BlackRock Investment Institute has issued a note stating that the US Federal Reserve (FED) will not follow market expectations regarding interest rate cuts. Although markets are pricing in deep … Read more
Coinkite, the wallet manufacturer bitcoin-only Coldcard recently announced that it has carried out an update to its firmware for the Mk4 model and the Q model. Among other improvements, Coinkite wallets increased the signature speed for sending bitcoin by 15% on average compared to the previous version of the firmware. According to Coinkite: “The improvement … Read more
Key facts: To date, El Salvador holds about 5,800 BTC. Bhutan acquired more than 8,000 bitcoin in a matter of a year. Bhutan, a town near the Himalayas, has accumulated more than 13,000 bitcoin (BTC) over the past three years. The sum, disclosed by the analysis firm Arkham Intelligence, is more than double the amount … Read more