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Federal Reserve Governor Hints at More Interest Rate Hikes
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the Fed governor added.
More Interest Rate Hikes Likely Needed, Says Fed GovernorFederal Reserve Governor Michelle Bowman indicated in her remarks on Saturday at an event hosted by the Kansas Bankers Association in Colorado that the U.S. central bank may need to implement additional interest rate increases to completely restore price stability.
She also affirmed her endorsement of the rate hike decision made at last month’s Federal Open Market Committee (FOMC) meeting. In July, Fed officials raised the federal funds rate to a range of 5.25% to 5.5%, the highest level in 22 years.
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the Fed governor added.
More Interest Rate Hikes Likely Needed, Says Fed GovernorFederal Reserve Governor Michelle Bowman indicated in her remarks on Saturday at an event hosted by the Kansas Bankers Association in Colorado that the U.S. central bank may need to implement additional interest rate increases to completely restore price stability.
She also affirmed her endorsement of the rate hike decision made at last month’s Federal Open Market Committee (FOMC) meeting. In July, Fed officials raised the federal funds rate to a range of 5.25% to 5.5%, the highest level in 22 years.
Crypto Firm Riot Defends Texas Power Strategy After Headlines Claim State ‘Paid’ Miner
Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August.
Riot Platforms Sets the Record StraightIn a statement released Friday, the Nasdaq-listed Riot asserted it earned just $7 million through the Electric Reliability Council of Texas’ (ERCOT’s) ancillary services market, while selling $24 million in pre-purchased energy back to its retail provider TXU Energy during August’s heatwave. The company called its ancillary services premium “less than one percent” of the near $1 billion ERCOT spent to ensure grid reliability as temperatures soared.
Riot, which operates a cryptocurrency mining facility in Rockdale, Texas, said it provided over 84,000 megawatt hours of power back to the grid last month by temporarily halting mining operations. This helped reduce strain on the system during extreme weather, preventing disruptions for consumers.
Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August.
Riot Platforms Sets the Record StraightIn a statement released Friday, the Nasdaq-listed Riot asserted it earned just $7 million through the Electric Reliability Council of Texas’ (ERCOT’s) ancillary services market, while selling $24 million in pre-purchased energy back to its retail provider TXU Energy during August’s heatwave. The company called its ancillary services premium “less than one percent” of the near $1 billion ERCOT spent to ensure grid reliability as temperatures soared.
Riot, which operates a cryptocurrency mining facility in Rockdale, Texas, said it provided over 84,000 megawatt hours of power back to the grid last month by temporarily halting mining operations. This helped reduce strain on the system during extreme weather, preventing disruptions for consumers.
Binance Resumes Euro Transfers Through New Fiat Partners
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe.
Crypto Exchange Binance Offers Users New EUR Options for Deposits and WithdrawalsBinance, the global leader in digital assets exchange, has signed agreements with new fiat partners that will process EUR payments, deposits and withdrawals for traders. These are regulated and authorized providers of fiat services, the crypto company said.
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe.
Crypto Exchange Binance Offers Users New EUR Options for Deposits and WithdrawalsBinance, the global leader in digital assets exchange, has signed agreements with new fiat partners that will process EUR payments, deposits and withdrawals for traders. These are regulated and authorized providers of fiat services, the crypto company said.
Changpeng Zhao (CZ) Steps Down as Chairman of Binance.US
After pleading guilty to federal charges and agreeing to pay $4.3 billion in fines, Changpeng Zhao announced that he was stepping down as the CEO of Binance. Amidst the many controversies surrounding his departure, CZ has now officially stepped down as the Chairman of the U.S. arm of the Binance exchange.
Taking to X (formerly Twitter), Binance.US announced in a lengthy post, as it clarified that Binance.US operates independently from Binance.com.
After pleading guilty to federal charges and agreeing to pay $4.3 billion in fines, Changpeng Zhao announced that he was stepping down as the CEO of Binance. Amidst the many controversies surrounding his departure, CZ has now officially stepped down as the Chairman of the U.S. arm of the Binance exchange.
Taking to X (formerly Twitter), Binance.US announced in a lengthy post, as it clarified that Binance.US operates independently from Binance.com.
Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee
Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee.
Shift in House Financial Services Committee Leadership Could Lead to More Progressive Crypto LegislationIn a move that could impact the future of cryptocurrency regulation, U.S. Rep. Blaine Luetkemeyer (R-Mo.) announced his retirement at the end of 2024. This decision leaves a potential opening for a more crypto-friendly chairmanship of the House Financial Services Committee, following the departure of the current chair, Patrick McHenry, in early 2025 when his term ends.
pic.twitter.com/Kp2TmrR7jw
Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee.
Shift in House Financial Services Committee Leadership Could Lead to More Progressive Crypto LegislationIn a move that could impact the future of cryptocurrency regulation, U.S. Rep. Blaine Luetkemeyer (R-Mo.) announced his retirement at the end of 2024. This decision leaves a potential opening for a more crypto-friendly chairmanship of the House Financial Services Committee, following the departure of the current chair, Patrick McHenry, in early 2025 when his term ends.
pic.twitter.com/Kp2TmrR7jw
US-Based Crypto Exchange Cracks Into Europe’s Fifth-Largest Economy With VASP Registration
A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration.
In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands.
A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration.
In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands.
Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon
A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC).
Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.44, a gain of over 80% from its current price.
A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC).
Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.44, a gain of over 80% from its current price.
$538 Million In Crypto Longs Liquidated Amid Market Blood Bath — Is The Bull Run Officially Over?
Crypto’s upward march in recent weeks hit a bump in the road, with Bitcoin, Ethereum, and other major cryptocurrencies suffering a sudden, brutal crash.
Crypto’s latest bloodbath, plunging Bitcoin to sub-$63,000, has led to a colossal $538 million worth of crypto position liquidations within the last 24 hours. Given the severity of the pullback, investors and analysts wonder if this signals the end of the recent crypto bull rally.
Crypto’s upward march in recent weeks hit a bump in the road, with Bitcoin, Ethereum, and other major cryptocurrencies suffering a sudden, brutal crash.
Crypto’s latest bloodbath, plunging Bitcoin to sub-$63,000, has led to a colossal $538 million worth of crypto position liquidations within the last 24 hours. Given the severity of the pullback, investors and analysts wonder if this signals the end of the recent crypto bull rally.
Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility
The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency intervention from the country’s financial authorities.
After touching 160.17 per USD, Japan moved to stop the slide and prop up the world’s third most-traded currency, reports the Wall Street Journal.
The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency intervention from the country’s financial authorities.
After touching 160.17 per USD, Japan moved to stop the slide and prop up the world’s third most-traded currency, reports the Wall Street Journal.
Raboo and MAGA Soar as Solana Worries Holders. Crypto Market Thrives with Renewed Optimism
The crypto market is experiencing a surge of optimism, with meme coins like MAGA showing significant gains. However, Solana’s price is facing a slump. Raboo, a new project in its presale stage, has garnered significant attention.
Raboo’s token price has soared 60% in just four stages, raising over $1.6 million and attracting over 8,000 members and 2,500 token holders. At only $0.0048 per token, Raboo is projected for a massive 100x increase in 2024.
The crypto market is experiencing a surge of optimism, with meme coins like MAGA showing significant gains. However, Solana’s price is facing a slump. Raboo, a new project in its presale stage, has garnered significant attention.
Raboo’s token price has soared 60% in just four stages, raising over $1.6 million and attracting over 8,000 members and 2,500 token holders. At only $0.0048 per token, Raboo is projected for a massive 100x increase in 2024.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Clandeno (CLD) ICO Expected to 100X Amid Political Uncertainty and Bitcoin (BTC) Rebounds with Ethereum (ETH) Rallying
META: Cryptocurrency has hit a new boom showing mainstays like Bitcoin and Ethereum making big growths and this is more evident when newcomers in an exciting presale are gaining from this boom as well
TLDR
Bitcoin has surged past 60K showing its dominanceEthereum 2.0 helps increase its value and interest in the spaceClandeno’s presale is being evaluated at 100x gains because of the growth of the spaceIn the fast-paced world of cryptocurrency, tumultuous political events often lead to significant market fluctuations. Amid the current global political uncertainty, the Clandeno (CLD) initial coin offering (ICO) has emerged as a focal point of discussion within the cryptocurrency community. Additionally, the recent resurgence of Bitcoin (BTC) and the rallying of Ethereum (ETH) have captured the attention of investors and analysts alike.
Bitcoin (BTC) Rebounds: Charting a Path to Recovery
META: Cryptocurrency has hit a new boom showing mainstays like Bitcoin and Ethereum making big growths and this is more evident when newcomers in an exciting presale are gaining from this boom as well
TLDR
Bitcoin has surged past 60K showing its dominanceEthereum 2.0 helps increase its value and interest in the spaceClandeno’s presale is being evaluated at 100x gains because of the growth of the spaceIn the fast-paced world of cryptocurrency, tumultuous political events often lead to significant market fluctuations. Amid the current global political uncertainty, the Clandeno (CLD) initial coin offering (ICO) has emerged as a focal point of discussion within the cryptocurrency community. Additionally, the recent resurgence of Bitcoin (BTC) and the rallying of Ethereum (ETH) have captured the attention of investors and analysts alike.
Bitcoin (BTC) Rebounds: Charting a Path to Recovery
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
Police Take $43,000 Cash From Jewelry Business Under Controversial Law Allowing Warrantless Money Seizures: Report
A small business run by a husband-and-wife duo is reportedly out $43,000 after police decided to seize a cash transfer sent to them through FedEx.
Henry and Minh Cheng, who run a small jewelry business, are suing the state of Indiana after police showed up at a FedEx depot and seized a package sent to the couple containing the cash, the Indianapolis Star reports.
A small business run by a husband-and-wife duo is reportedly out $43,000 after police decided to seize a cash transfer sent to them through FedEx.
Henry and Minh Cheng, who run a small jewelry business, are suing the state of Indiana after police showed up at a FedEx depot and seized a package sent to the couple containing the cash, the Indianapolis Star reports.