Federal Reserve policymakers will probably hike the target range for the federal funds rate at their upcoming meeting, according to results recently provided by the CME FedWatch Tool.
The members of the Federal Open Market Committee are 70.5% likely to opt for a 25 basis-point increase in the benchmark rate when they meet next month, according to figures pulled from this highly visible data source around 5 p.m. EST.
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Bitcoin
BTC
, ethereum and the wider crypto market have suffered an almighty crash since peaking at a combined value of around $3 trillion in late 2021, wiping away $2 trillion of value (even as bitcoin braces for a 3 billion user shock).
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The bitcoin price, which crashed to around $16,000 per bitcoin in the a...
One of the biggest challenges for any fintech business is unwanted talent churn. Replacing an employee costs thousands of dollars, sometimes at least half a year of that employee’s salary, according to Society for Human Resource Management. There’s a lot of labor that goes into attracting, engaging and hiring new staff members, such as mapping out their salaries and budgets. As such, it’s key for fintech startups, especially those that involve...
Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks are validated by the proof-of-stake mechanism implemented in September 2022 with “the Merge.” In a May 21 blog post titled “Don’t overload Ethereum’s consensus,” Buterin warned that using Ethere...
ConsenSys, the company behind the crypto wallet MetaMask, has hosed down rumors that it collects taxes from cryptocurrency users. The company informed its 270,000 Twitter followers on May 22 that the rumors were based on ”inaccurate information” drawn from a misreading of MetaMask’s terms of service. We are aware of tweets circulating with inaccurate information about ConsenSys' terms of service. Let's clarify one thing upfront: MetaMask d...
Bitcoin Pizza Day is celebrated on May 22nd each year to commemorate the first time that bitcoin was used to purchase a physical good or service. On this day in 2010, Laszlo Hanyecz paid 10,000 bitcoin for two large pizzas valued at $41. That same amount of bitcoin would be worth nearly $300 million at the time of this writing.
Bitcoin Pizza Day is a reminder of the early days of bitcoin, when it was still a relatively unknown and experiment...
Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors an...
United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans' proposed terms as "unacceptable" during a press conference.“I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americ...
Virtual YouTubers, also known as VTubers, rose in popularity in recent years. VTubers employ computer-generated avatars to produce material for their channels. VTubers are especially well-liked in Japan and other Asian nations, but the craze is gradually catching on everywhere else.This article will explore what a VTuber is and how to become one, including the necessary equipment, software and the skills needed to succeed in this field. Add...
The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife.The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita — revealed to CNBC tha...
