A curated weekly summary of forward-focused crypto news that matters. This week, the price of Bitcoin rises despite a Fed interest rate rise, Vitalik discusses what to expect from Ethereum post-merge, and Coinbase pushes back against SEC probe.
Bitcoin’s (BTC) price recovered this week by almost 4% and is currently trading for just under US$24K. Ether (ETH) and Binance-coin (BNB), the second and third largest (non-stablecoin) assets by market cap, experienced ~6% and ~10% recoveries this week, and sit at ~US$1.7K and ~US$291 respectively.
Federal Reserve Chair Jerome Powell spoke at the FOMC press conference this past Wednesday and announced a percentage point increase — with the Effective Federal Funds Rate hiked from 1.58 to (now) 2.33%. The rise is part of an ongoing attempt to bring inflation under control. (The Fed’s stated inflation target is still 2%; June’s official CPI was 9.1%).
Interestingly, Bitcoin’s price spiked (upward) following the announcement (from ~US$21.2K to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...