The Minneapolis Fed head said that people buy and sell crypto, but “they are not paying for goods and services.”
The post “Very Few Transactions Happen on Crypto, Unless it’s Drugs:” Minneapolis Fed President appeared first on Cryptonews. …
Category: Cryptocurrencies
Best Crypto to Buy Now October 21 – APE, JUP, MEW
Amidst market fluctuations, Bitcoin’s dip has pushed investors to explore other opportunities. ApeCoin’s blockchain launch, Jupiter’s rally, and Cat in a Dog’s World’s uptrend position these altcoins as the best crypto to buy now. Discover why these projects might outperform the market.
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EU Launches ‘Trusted Investors Network’ to Boost Deep Tech Startups With $100 Billion Fund
The EU’s new “Trusted Investors Network” targets deep tech startups, including those in the blockchain space. This initiative aims to foster European innovation and create future tech leaders.
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Obscure Meme Coin Nets Trader $365,000 From Just $684 – Here’s Which Coin Could Pump Next
In an astonishing turn of events, a meme coin trader struck gold by turning a mere $684 investment in the obscure meme coin FartCoin ($FRTC) into a staggering $300,000 profit. The remarkable trade was spotlighted by crypto analyst and wallet tracker Kakashi (@KKashi_YT on X), who revealed that while the trader cashed out $325,900, they […]
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ApeCoin Rockets Up 100% as New Project Raises $21M – Could It Be the Next Big Play?
ApeCoin price soared over the weekend, doubling in value as the launch of the Apechain bridge reversed a year of decline. But what does 2024 hold for APE crypto? Are there better investment opportunities than BAYC? The BAYC community has faced challenging times, with floor prices dropping significantly since 2021 and the BAYC-linked Apecoin disappointing […]
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Crypto Investment Products Record $2.2 Billion Inflows: CoinShares
According to a survey released on October 21, bitcoin investment products saw a significant increase in inflows last week, amounting to $2.2 billion.
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Transak Discloses Ransomware Hack As Stormous Claims Responsibility
Fiat-to-crypto payment gateway Transak has reportedly been the victim of a hack which has out thousands of users’ data at risk, the Sami Start-led company announced in an October 20 statement. Ransomware group Stormous has since claimed responsibility for the attack.
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VanEck Enables Solana ETP Staking in Europe
VanEck has launched staking for its Solana exchange-traded note (ETN) in Europe, allowing investors to automatically earn daily rewards, which will be reflected in the ETN’s net asset value without requiring any additional management.
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Tether-Owned AI Company Considers Selling Bitcoin Mining Arm
Northern Data AG, backed by Tether, is considering selling its Peak Mining unit to refocus on expanding its artificial intelligence operations, aiming to develop Europe’s largest Generative AI cloud platform while benefiting from rising Bitcoin prices.
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Japan’s DMM Crypto Secures Funding, Eyes ‘Global Expansion’
The Japanese crypto exchange operator DMM’s blockchain games and NFT arm DMM Crypto says it has received funding from Neoclassic Capital and others as it eyes “global expansion.”
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