Powell said that the Federal Reserve Act does not allow the central bank to hold Bitcoin, leaving the decision to Congress.
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Category: Cryptocurrencies
Crypto Market Slumps as Bitcoin Drops Below $100K Following Fed’s Rate Cut
The crypto market fell 7.5% as investors shifted from risk assets after the Fed cut rates to 4.25%-4.50%, signaling caution on aggressive future cuts.
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El Salvador Eases Bitcoin Push to Unlock $1.4B IMF Loan
El Salvador secured a $1.4B IMF loan by easing Bitcoin policies, allowing businesses to decline the asset and reduce associated risks.
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Sky (Formerly Maker) Accelerates MKR to SKY Migration Post-Rebrand to Remove Confusions
Sky, previously known as Maker, is fast-tracking the transition from MKR to SKY tokens as part of its ongoing rebrand, which began in August.
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Bitcoin Surge Drives Cost of Mining Machines in China, More Buyers From Russia
The cost of Ant mining machines in China, developed and produced by Bitmain, has increased 30% from the previous year.
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Binance.US Plans to Resume USD Services by Early 2025
Binance.US aims to restore USD services by early 2025, anticipating a stronger outlook for digital assets in the US.
The post Binance.US Plans to Resume USD Services by Early 2025 appeared first on Cryptonews. …
Ex-Delphi Digital VP Jailed for 4 Years Over $4.5M Crypto Embezzlement
Dylan Meissner, former vice president of finance at Delphi Digital, has been sentenced to four years in prison after admitting to embezzling nearly $4.5 million from the crypto research firm.
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MetaMask Launches Crypto Card in US, Lets Users Spend Crypto Online and Offline
MetaMask Crypto Card lets US users to make everyday purchases with crypto anywhere Mastercard is accepted.
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DDA and Heliad List World’s First Dynamic Blockchain ETP on Börse Stuttgart
This ETP tracks the Heliad Dynamic Blockchain Index, which comprises 13 leading cryptocurrencies selected based on user adoption, market traction, and performance.
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Warning for PEPE Holders: Massive Supply Zone Could Trigger Price Collapse
PEPE has dropped by 7% in the past 24 hours, with the coin potentially facing huge selling pressure if it rises towards $0.000024.
The post Warning for PEPE Holders: Massive Supply Zone Could Trigger Price Collapse appeared first on Cryptonews. …