Author: NBTC
The FED will announce its final interest rate decision at 22:00 today, and Chairman Jerome Powell will give a speech shortly after the decision. As markets eagerly await the outcome, experts including Mark Zandi, chief economist at Moody’s Analytics, predict Powell will advocate a more cautious approach to future interest rate adjustments. Bond traders tracked by the CME are largely expecting a rate cut, and Zandi acknowledged that such a move is possible. But he expects Powell’s tone at the press conference to reflect a change in strategy. “I think Powell will argue that the Fed should go much slower…
Celestia, a well-known modular blockchain ecosystem, has rolled out the highly awaited Ginger upgrade on Mainnet Beta. The upgrade targets to offer performance improvements along with establishing a groundwork leading to future scalability. Ginger (v3) is live on Mainnet Beta 🫚2x data throughput and 6s single-slot finality1.33MB/s 🔜 pic.twitter.com/BFH0ilgLBE — Celestia 🦣 (@celestia) December 12, 2024 Celestia’s Ginger Upgrade Promises Blockchain Efficiency and Decentralized Data Accessibility In a comprehensive blog post, Celestia offered insights into the latest Ginger upgrade. It mentioned that the upgrade signifies a pivotal point for the platform’s vision of blockchain efficiency and availability of decentralized data.…
Google is updating its crypto ads policy, placing stricter requirements on advertisers seeking to promote crypto services and products in the UK. The updated rules will require crypto exchanges and software wallet providers to register with the Financial Conduct Authority (FCA) before advertising on its platform. While these services fall under the strict FCA registration requirement, ads for hardware wallets are subject to different rules. The new policy permits hardware wallet advertising without FCA registration, provided the devices are solely for storing private keys and do not facilitate trading or exchange services. All advertisers must obtain Google certification and comply…
Bitcoin fell 5.10% to $98,161.25, with a market cap of $1.94 trillion. Crypto liquidations reached $1.1B, driven by leveraged retail trades. The crypto market faced significant turmoil as Bitcoin’s price dropped below $95,000 after reaching $100,000. Bitcoin is trading at $98,161.25, marking a notable 5.10% decline in a single day. Bitcoin’s market cap stands at $1.94 trillion. The 24-hour trading volume stands at $130.86 billion, up 17.68% from the previous day. The crypto market’s overall market cap now totals $3.57 trillion, down 2.69% in the last 24 hours. Bitcoin’s dominance has decreased by 1.53%, settling at 53.91%. Spot Bitcoin ETFs…
During Wednesday’s U.S. trading hours, the crypto market experienced a slight downtick as Bitcoin price reverted from $108k resistance. With bearish momentum accelerating to the altcoin market, the Ethereum price failed to sustain a $4000 breakout. However, the onchain data shows that long-term holders remain unfazed and are steadily increasing their ETH positions. Currently, the ETH price exchange hands at $3,877 with an intraday loss of 0.42%. According to Coingecko, the asset’s market cap is at $467.2 Billion, while the 24-hour trading volume is at $34.8 Billion. Key Highlights: An active accumulation from Ether’s long-term holds in 2024 signals a…
The FED announced its interest rate decision, which was eagerly awaited by all markets. As expected, the Fed cut interest rates by 25 basis points. Now, all eyes will be on the meeting to be held by FED Chairman Jerome Powell at 22:30 (30 minutes later). As Bitcoinsistemi.com, we will also broadcast this speech live. Here are the first reactions from Bitcoin after the decision: FED FOMC statement: Cleveland Fed President Hammack opposed the interest rate decision and supported not cutting rates. The Fed will evaluate data regarding the scope and timing of future actions. Fed officials expect inflation to…
The Cosmos ecosystem is entering a new chapter with the Interchain Foundation’s (ICF) acquisition of Skip and the establishment of Interchain Inc. The move represents a pivot from the ICF’s historical funding of disparate teams toward a more centralized and cohesive approach. The new subsidiary, led by Skip co-founders Barry Plunkett and Maghnus Mareneck, will take charge of product development, ecosystem strategy and execution, the ICF announced earlier this week. On Thursday, a “community town hall” X space shed additional light on what to expect in 2025. A unified stack Cosmos has long been heralded for its modular technology stack,…
Japan’s hotly debated crypto tax system may be getting an overhaul in 2025, thanks to the official inclusion of virtual currencies in the government’s recently finalized 2025 tax reform outline. For the Japanese, anything would beat being taxed at 55%, or in the case of inheritance tax, sometimes 110% on crypto gains, and being unable to offset losses. The ruling Liberal Democratic Party (LDP) in Japan has finalized an outline for tax reform plans in 2025, in a meeting held on December 20. In a post to X, house member Junichi Kanda summarized the annual meeting of the nation’s tax…
U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s IBIT led the pack for the fifth consecutive day, amassing $770.51 million in inflows. Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million. ARK and 21Shares’ ARKB chipped in a modest $12.32 million.…
Ethereum declined over 7% after the Fed announced a hawkish rate outlook for 2025. Ethereum could bounce back to smash key resistance levels after its Weighted Sentiment plunged to lows last seen in December 2023. Ethereum risks decline to $2,800 if it breaches the $3,550 support level. Ethereum is down 6% after the Federal Reserve hinted that it will reduce its rate cut frequency in 2025. The hawkish news has sent ETH’s Weighted Sentiment to lows last seen in December 2023. Ethereum declines following Fed’s hawkish decision Ethereum dived 6% after the Fed announced a 25-basis-point rate cut and revised…