Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has ‘No Effect’ on Policy
Fed Chair Jerome Powell’s speech later today could shake up markets as he will face questions about the central bank’s outlook on monetary policy and inflation after Donald Trump’s decisive win of the U.S. presidential election.
Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge
Intense Competition — Not Technology — Will Fuel Blockchain’s Rise to Dominance
Like the internet itself, decentralized networks aren’t always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY’s Paul Brody.
Republicans Look Set to Win House, Clinching Electoral Sweep of Congress and White House
The U.S.’s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.
Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized ‘Web5’ Venture
The company’s shares fell after reporting third quarter sales that missed estimates by 4%.
Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.
Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts
BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.
CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report
WonderFi CEO was forced into a vehicle but released after a ransom was paid.
Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.
Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial
The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.