The Fed raised interest rates by 50 basis points (bps) following the Dec. 14 Federal Open Market Committee (FOMC) meeting. This brings the Federal Funds Rate to 4.25-4.5%. Bitcoin reacted with an immediate 3.2% swing to the downside, bottoming out at $17,762 on the 19:00 (UTC) 5-minute candle. Source: BTCUSDT on TradingView.com The post Bitcoin […]

Alameda Research received special privileges from Sam Bankman-Fried in its trades on crypto exchange platform FTX. Photo by Luis Villasmil  Read CoinChapter.com on Google News YEREVAN (CoinChapter.com) — Alameda Research, Sam Bankman-Fried’s bankrupt trading firm, had an unfair trading advantage on the defunct crypto exchange FTX. According to a recent filing by the US Commodity Futures […]

The Fed has indicated that it remains to determined to hiking interest rates next year, pushing crypto and stocks down

Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the U.S. central bank agreed to raise its benchmark interest rate by 0.5%. The announcement, which aligned with market expectations, signals the Fed’s first movement this year to slow the hawkish momentum of monetary policy.  As the Federal Reserve unveiled […]

According to a new report, despite the FTX implosion sinking over $2 billion of investors’ money in the past month, close to double that amount was lost to scams and rug-pulls in 2022. Published by cybersecurity and data privacy firm Privacy Affairs, the report revealed that the five biggest crypto losses, scams and hacks of […]

On or before December 13, there seems to have been a data breach at a third-party vendor connected to Gemini. Hackers had access to 5,701,649 lines of data, including account numbers, email addresses, and partial phone numbers for Gemini clients. Since some of the numeric digits were obfuscated, hackers could not get the whole phone […]