Category Archives: Finance

U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed

Advertisements Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies. Economists at the Chicago Fed argue that rate increases implemented since March 2022 have set inflation on a path to 2% while ensuring soft landing for the economy. Further tightening may notContinue reading “U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed”

Crypto Exchange Kraken’s UK Derivatives Unit Looking to Expands Its Service: Bloomberg

Advertisements The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November. Crypto Facilities, which was bought by cryptocurrency exchange Kraken in 2019, is in talks with the U.K.’s Financial Conduct Authority about expanding its service to custody a broader range of client assets, Bloomberg reported onContinue reading “Crypto Exchange Kraken’s UK Derivatives Unit Looking to Expands Its Service: Bloomberg”

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

Advertisements OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base. OpenCover, a distributor of decentralized insurance aimed at cryptocurrency and Web3 platforms, has gone live on Base, the Ethereum overlay blockchain built byContinue reading “Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base”

Anoma Foundation Plans Native Blockchain for Privacy-Focused Namada Protocol

Advertisements The mainnet joins the ranks of at least 50 other blockchains in the crypto ecosystem as of Tuesday. KOREA BLOCKCHAIN WEEK, SEOUL — Blockchain non-profit Anoma Foundation today said it plans to create a standalone blockchain for the privacy-focused Namada protocol that would extend its private transactions features to any application built on thatContinue reading “Anoma Foundation Plans Native Blockchain for Privacy-Focused Namada Protocol”

SOMA Finance to Issue the First Retail Compliant Digital Security

Advertisements The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits. SOMA Finance, a joint venture between MANTRA and Tritaurian Capital, is planning to offer the first legally issued and compliantly structured digital security to global and U.S. retail investors later thisContinue reading “SOMA Finance to Issue the First Retail Compliant Digital Security”

FTX Customers Hit by ‘Withdrawal’ Phishing Mails After SIM Swap Attack

Advertisements Woes for users of Sam Bankman-Fried’s former company show no signs of stopping. FTX customers continue to be plagued by issues several months after the exchange shut down, blocking millions of users from accessing billions in capital stored on the disgraced exchange. Some former users are getting hit by a new phishing attack onContinue reading “FTX Customers Hit by ‘Withdrawal’ Phishing Mails After SIM Swap Attack”

Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums

Advertisements The firm laid off 44 employees from the team, which still has 82 members. Indian crypto investment platform CoinSwitch cut its customer support team by more than a third, citing low market activity. The 44 job losses, which occurred about three weeks ago, amount to just under 7% of total employees, a company spokespersonContinue reading “Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums”

Shiba Inu’s Highly Anticipated Shibarium Bridge is Now ‘Fully Functional’

Advertisements Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update. Token withdrawals out of the Shibarium bridge are now live and available to users, weeks after a much-hyped launch quickly fizzled out after being riddled with software bugs that led to millions of dollarsContinue reading “Shiba Inu’s Highly Anticipated Shibarium Bridge is Now ‘Fully Functional’”

Bitcoin Traders Remain Fearful of ‘Tail Risk’ Amid Renewed Price Lull: Observers

Advertisements Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event. Relative richness of out-of-the-money call and put options tied to bitcoin suggests traders are pricing in “tail risk” in the bitcoin market. Tail risk suggests a higher possibility that anContinue reading “Bitcoin Traders Remain Fearful of ‘Tail Risk’ Amid Renewed Price Lull: Observers”

Pepecoin Says ‘Bad Actors’ on Team Stole $15M PEPE

Advertisements Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week. Some rogue developers on the Pepecoin team were behind last week’s unprecedented transfers out of the token’s multisig wallet and effectively stole millions worth of pepe coin (PEPE), a team member claimed on X, formerly Twitter. “Since its inception, $PEPE has unfortunatelyContinue reading “Pepecoin Says ‘Bad Actors’ on Team Stole $15M PEPE”

Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny

Advertisements The Luxembourg-based exchange said that all other services will remain unaffected. Bitstamp says it’s shutting down its staking service in the U.S. as of September 25 due to the regulatory environment in the country. The Securities and Exchange Commission (SEC) has been on a warpath against staking, saying it meets the criteria of investmentContinue reading “Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny”

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