Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All

Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All

Post Views: 384 With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. However, critics have said the U.S. central bank hasn’t really shrunk the Fed’s balance at all, and the entity has been accused…

Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,400 Support, BTC Hits $21,000 Prior to Federal Reserve Meeting

Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,400 Support, BTC Hits $21,000 Prior to Federal Reserve Meeting

Post Views: 414 Ethereum fell below its recent floor of $1,500 earlier in today’s session, as bearish pressure intensified in crypto markets. Uncertainty in the market has heightened today, as traders prepare for yet another rate hike from the Fed. Bitcoin was also lower for a second consecutive day, as prices were on the cusp…

Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities

Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities

Post Views: 414 Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exchange Commission (SEC) over the listing of several crypto assets on its platform. The investigation, according to three people with ostensible knowledge of the matter, is examining whether the exchange has been listing assets that can be classified…

FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam

FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam

Post Views: 384 Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future. Latam is one of the areas…

FBI Warns Crypto Owners Not to Fall for ‘Liquidity Mining Scam’

FBI Warns Crypto Owners Not to Fall for ‘Liquidity Mining Scam’

Post Views: 377 The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency. The Federal Bureau of Investigation (FBI) issued an investor alert Thursday warning…

Biggest Movers: ATOM Drops for Fourth Straight Session, Hitting 1-Week Low

Biggest Movers: ATOM Drops for Fourth Straight Session, Hitting 1-Week Low

Post Views: 418 Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low. Decentraland was also trading close to a one-week low on Monday, as the global cryptocurrency market fell by over 3% as of writing. Cosmos (ATOM) declined for a fourth straight session, as the token moved…

Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason

Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason

Post Views: 435 Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users no explanation as to why the exchange shut down. What do you…

Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing

Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing

Post Views: 475 Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla informed the SEC that in the second quarter: We recorded $170 million of…