The Federal Reserve of the United States is expected to raise the federal funds rate at its next meeting on Wednesday, according to JPMorgan economist Michael Feroli, who believes that growing inflation would force the Fed to hike the rate by 75 basis points (bps).
Author: joyabia
joyabia
Joy Abia contributed to Blockchain Journal during 2022, covering topics related to finance, digital assets, and the intersection between traditional financial systems and emerging fintech models. Her reporting focused on explaining financial concepts, market structures, and investment-related developments within the broader crypto and blockchain landscape.
El Salvador’s Finance Minister, Alejandro Zelaya, downplayed fears that a significant decline in bitcoin’s value would harm the Central American country’s finances on Monday.
Science fiction films like the 2017 remake of Blade Runner 2049 and Justin Timberlake’s 2011 film In Time inspired the Pennsylvania-based pharmacist to use cryptocurrency to feed the homeless.
On Monday, bitcoin fell below $24,000 for the first time since December 2020, as investors dumped crypto amid a broader sell-off in risk markets. Meanwhile, a crypto loan company named Celsius has put a halt on its customers’ withdrawals, raising worries of a market-wide meltdown.
Jan Van Eck, CEO of global investment management VanEck, believes the value of one bitcoin may rise to as much as $250,000, although that prediction could take decades to materialize.
US Treasury Secretary Janet Yellen stated that crypto assets are a “highly dangerous” investment to include in average savers’ retirement plans and that Congress should act to address the risk.
Japan’s Prime Minister, Fushio Kishida, has expressed his displeasure with the country’s present strict cryptocurrency regulations, prompting conversations about new and improved measures.
Animoca Brands in collaboration with Donna Sports has announced that it will be the title sponsor of two MotoGP™ Grands Prix in 2022 and 2023.
An anonymous Twitter user claims to have secretly data-mined the private chat groups of crypto influencers using a Telegram security flaw and is threatening to expose their illegal activities.
Animoca Brands released a letter to its community and clients addressing the current issues facing the Web3 industry and is giving assurance that the industry would not die as a result of current market situations.