Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss

September 18, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann.

Ethereum Foundation researcher Virgil Griffith has reportedly been denied bail in New York. Currently detained, Griffith is appealing the action. “Griffith was presented yesterday and ordered detained,” James Margolin, the chief public information officer for the U.S. Attorney’s Office in Southern District of New York, told Cointelegraph in an email on Dec. 27.“He is appealing and…

First Ever Bitcoin PAC Launches Politicoin ICO to Support Candidates

BitPAC, the first ever Bitcoin (BTC) political action committee (PAC), will expand its candidate supporting program with an initial coin offering (ICO), Coindesk reports on Aug. 28.Utility token, not a thing of valueDan Backer, who founded BitPAC back in 2014, revealed that the committee will issue a utility token dubbed Politicoin, which will be used…

Ether, altcoins dive double digits as Trump tariffs take further toll

Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.

KuCoin CEO claims hacking suspects identified

They’ve already gotten the police involved. 1351 Total views 3 Total shares As the fallout from the hack on its platform continues, KuCoin said it has identified suspects and have now officially involved law enforcement in the investigation. KuCoin CEO Johnny Lyu tweeted on Oct. 3 that the exchange now has substantial proof that identifies who…

Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token. 620 Total views 9 Total shares Own this piece of crypto history Collect this article as NFTAlgorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the…

Ethereum rollback deemed 'technically intractable' amid Bybit hack pressure

Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”

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Nigeria restricts fintech onboarding to stop KYC-evading crypto investors

Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes.

U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is

Congress passed a law in November 2021 that required the new crypto rules to be issued. 241 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTA key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The…

ConsenSys Developer Joins Ethereum Classic Cooperative as Executive Director

Bob Summerwill, a developer at blockchain tech company ConsenSys, has joined the Ethereum Classic Cooperative as its executive director, according to an official announcement on Jan. 29.The Ethereum Classic Cooperative manages the development and growth of the Ethereum Classic (ETC) cryptocurrency’s protocol. Ethereum Classic is the result of a hard fork in 2016, arising out…

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