The post We need greater confidence on inflation appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference. Key takeaways “Longer-term inflation expectations appear well anchored.” “As labor market has cooled, […]

The post Bahamas unveils DARE 2024 law to restore crypto hub status post-FTX appeared on BitcoinEthereumNews.com. The Bahamas Securities Commission has announced the passage of new crypto legislation nearly two years after FTX’s collapse. The Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) aims to provide regulatory clarity for the country’s digital assets industry […]

The post Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash appeared on BitcoinEthereumNews.com. Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds […]

The post Tether announces record profit of $5.2 billion for H1 2024 appeared on BitcoinEthereumNews.com. Tether has some big news. They’ve raked in a whopping $5.2 billion net profit for the first half of 2024. This announcement was part of their Q2 2024 assurance opinion, verified by BDO, an accounting firm.  The report claims that […]

The post Fed holds interest rate steady at 23-year high, possible rate cut coming September appeared on BitcoinEthereumNews.com. Key Takeaways Fed’s rate hold aligns with expectations, Bitcoin price shows minimal immediate reaction. Market anticipates September rate cut, potentially boosting crypto investment sentiment. The Federal Reserve announced today that it will keep its benchmark interest rate […]

The post EU AI Act comes into effect — Here’s what to expect appeared on BitcoinEthereumNews.com. The European Union’s AI Act takes effect on Aug. 1. It introduces significant regulations for artificial intelligence through phased implementation and key compliance obligations. The European Union’s Artificial Intelligence Act officially takes effect on Aug. 1, following its publication […]

The post Attentive to risks on both sides of dual mandate appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference. Key takeaways “The labor market has come into better balance.” […]

The post How RadQuest is Bringing New Users to DeFi With Gamification appeared on BitcoinEthereumNews.com. Onboarding new users to Web3 platforms can be challenging; even experienced crypto users can find the process of getting to grips with the unique quirks of decentralized finance (DeFi) platforms a struggle—to say nothing of newcomers. DeFi network Radix has […]

The post GBP/USD muted after Fed’s hold rates, pushes back against easing appeared on BitcoinEthereumNews.com. GBP/USD fluctuates, registering modest losses after Fed’s decision to hold rates steady. Fed emphasizes no rate cuts until inflation sustainably nears 2%, maintaining balance sheet reduction. Key resistance at 1.2843 (50-hour SMA), 1.2855 (100-hour SMA), and 1.2873 (200-hour SMA); support […]

The post Bitcoin and BTC mining pose promising future: analyst appeared on BitcoinEthereumNews.com. Institutional developments and remarks from Nashville cast a more bullish outlook for Bitcoin and BTC mining than before, says H.C. Wainwright & Co analysts. Bullish catalysts have lined up for Bitcoin (BTC) and the BTC mining industry as the U.S. may be […]