Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps),…
NFT Project Doodles to Celebrate Rubik’s Cube’s 50th Anniversary With Digital Collectibles
Non-Fungible Token (NFT) project Doodles has announced a collaboration with Spin Master to celebrate the 50th anniversary of the Rubik’s Cube. This partnership will introduce a “pack ripping” fan experience,…
Circle’s USDC Stablecoin Now Available in Brazil and Mexico via the Two Countries’ National Payment Systems
Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil. In a new blog post, the payments platform says that it will now…
‘It’s Almost Over’ – Analyst Benjamin Cowen Predicts Ethereum Bottoming Out Against Bitcoin
Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is close to bottoming out against Bitcoin (BTC). Cowen tells his 856,500 followers on the social media platform X that he thinks…
Ethereum in ‘Doldrums’ As Bitcoin and Solana Outperform ETH, Says Bitwise CIO Matt Hougan – Here’s Why
The chief investment officer of crypto asset management firm Bitwise says that Ethereum (ETH) appears to be in a period of stagnation after being outpaced by both Bitcoin (BTC) and…
Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years
The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets. The move marks the central bank’s shift from fighting inflation…
Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams
The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and businessman. The Treasury Department’s Office of Foreign Assets Control (OFAC)…
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