Market Analysis

Jesse Powell Stepping Down as Kraken’s CEO

Key Takeaways Jesse Powell is leaving his role as CEO of Kraken, a position that he has held since the firm was founded in 2011. He will be succeeded by Kraken’s COO, Dave Ripley, who has been part of the company for six years. Powell will remain involved in Kraken and will act as the […]

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Market Analysis

Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%

In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC. 2725 Total views 24 Total shares Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) […]

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Market Analysis

Fed Hikes Rates by Another 75 Basis Points

Key Takeaways The Federal Reserve has increased interest rates by another 75 basis points. The U.S. central bank’s funds rate is now 3% to 3.25%. As the Fed remains committed to curbing inflation and crypto has no fresh narratives on the horizon, the market could continue to suffer for some time yet. The latest rate […]

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Market Analysis

The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why

Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects. As a crypto-native trading firm, meaning digital assets […]

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Market Analysis

Bitcoin ‘nuke’ warning as Fed rate hike decision looms — Dollar index hits 20-year high

Bitcoin (BTC) underwent a weak rebound on Sept. 21, and the U.S. dollar jumped to a new yearly high as investors await Sept. 21’s Federal Open Market Committee’s interest rate decision. BTC price holds $19K ahead of Fed decision BTC’s price has managed to cling on to $19,000 with a modest daily gain of 1.33% […]

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Market Analysis

Robinhood Adds USDC to Crypto Listings

USDC is the first stablecoin among Robinhood’s 18 other supported crypto assets. Key Takeaways Trading platform Robinhood is adding the USDC stablecoin to its list of supported cryptocurrency assets. Robinhood currently supports 18 other crypto assets, but USDC is its first supported stablecoin. Robinhood and Circle executives will discuss the news further during San Francisco’s […]

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Market Analysis

Is Bitcoin’s Biggest Bull Getting Cold Feet?

Key Takeaways MicroStrategy has acquired an additional 301 Bitcoin at a purchase price of around $6 million, bringing its total holdings to roughly 130,000 Bitcoin. The latest purchase is significantly smaller than MicroStrategy’s previous Bitcoin bets. The macroeconomic climate and concerns over its underwater Bitcoin position may explain why MicroStrategy opted for a relatively small […]

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Market Analysis

Bitcoin analysts give 3 reasons why BTC price below $20K may be a ‘bear trap’

Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months. Bitcoin struggles after dropping below $20K On the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors […]

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Market Analysis

What Would Ethereum Layer 3 Look Like? Vitalik Buterin Has Some Ideas

Key Takeaways Ethereum creator Vitalik Buterin has published a blog post outlining how Layer 3 scaling solutions could work. He stated that Layer 3 solutions cannot consist of stacked rollups, as this would not result in efficient data compression. Buterin outlined two possibilities: Layer 3 platforms with specialized functions and batch verifier contracts. Ethereum creator […]

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Market Analysis

Long the Bitcoin bottom, or watch and wait? BTC traders plan their next move

Bitcoin (BTC) faced a 9% correction in the early hours of Sept. 19 as the price traded down to $18,270. Even though the price quickly bounced back above $19,000, this level was the lowest price seen in three months. However, pro traders held their ground and were not inclined to take the loss, as measured […]

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