News

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell 

The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target range of 2%. FOMC Outlines …

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Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like traditional finance. British Government Sets Out to Regulate Crypto Market, Remains Committed …

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London Crowned World’s Leading Cryptocurrency Hub, According to Study

According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research …

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Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High 

On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange …

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LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services

LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers. Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services and products nationwide. The firm would offer customers a full suite of products and services, from traditional …

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Nostr Will Only Scale If It Can Incentivize Users To Run Relays

Nostr, a growing hub for the Bitcoin community, faces some incentives challenges if it’s going to reach significant scale. This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. I’ve written an article on the basics of what Nostr is and what “events” are and how …

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Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access. Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access. Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying …

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South African Retail Giant Pick-n-Pay Now Accepts Bitcoin Payments At All Locations

Pick n Pay has partnered with CryptoQR in order to accept bitcoin at more than 2,000 stores. Pick n Pay, a South African retailer, has launched acceptance of bitcoin for payments throughout all of their stores. Previously, a test pilot had rolled out to 39 stores in November 2022. Now, all stores under the Pick …

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