Day: April 7, 2024

Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes – Economics Bitcoin News

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[ad_1] Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest rates, diverging from market anticipations of rate reductions within the year. Bowman’s concerns primarily […] [ad_2] Source link

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Pantera Capital Records 66% Gain in Q1 for Liquid Crypto Fund – Here’s Some of Its Altcoin Positions: Report – The Daily Hodl

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[ad_1] Crypto hedge fund Pantera Capital, which has over $5 billion in assets under management, has reportedly seen its Liquid Token Fund appreciate by 66% during Q1 2024. According to a new report by Bloomberg, Pantera Capital’s $300 million crypto fund ended the first quarter with massive gains due to the rise of digital assets such as smart contract platform Solana (SOL), decentralized derivatives exchange Aevo (AEVO), decentralized finance (DeFi) protocol Ribbon Finance (RBN) and open source blockchain Stacks (STX). Pantera’s success partially stemmed from having reduced exposure to Bitcoin…

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Chainlink jumps on partnership with ANZ as AI altcoin aims to outpace Polkadot

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[ad_1] A recent collaboration between Chainlink Labs and the Australia and New Zealand Banking Group (ANZ) has set a new benchmark, demonstrating the potential of interoperable blockchain solutions. Meanwhile, an emerging crypto, InQubeta, is making waves, positioning itself among the top ICOs that could be set to outpace established platforms like Polkadot. Chainlink and ANZ unveil game-changing integration The collaboration between ANZ and Chainlink Labs marks a significant milestone in bridging the gap between traditional finance and DeFi. Utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), ANZ showcased the seamless settlement of tokenized assets across…

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South Korean Political Parties Woo Voters with Crypto-Friendly Policies

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[ad_1] South Korea’s major political parties unveil crypto incentives, with the Democratic Party eyeing ETF liberalization and the People’s Power Party proposing a tax delay on digital assets. In a move to garner support ahead of the upcoming parliamentary elections, South Korea’s leading political parties have turned to the burgeoning cryptocurrency market, introducing policies aimed at attracting the younger, tech-savvy electorate. This development underscores the growing influence of digital assets in the political arena and how they can sway voter sentiment. The Democratic Party, currently in opposition, has announced a…

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Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired – Altcoins Bitcoin News

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[ad_1] Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to release patches next week. Currently, 70% of users’ transactions in Solana are failing. Solana Dev Collective Anza […] [ad_2] Source link

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Whale Holding $597,550,000 in Bitcoin Sends BTC to Binance After Being Dormant for Eight Months: Lookonchain – The Daily Hodl

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[ad_1] A Bitcoin whale with nearly $600 million in BTC has deposited a large amount of its coins to Binance, the largest crypto exchange in the world. According to blockchain tracking firm Lookonchain, a whale that’s been dormant for the past eight months sent over $74.3 million in Bitcoin to Binance and still holds on to $597.55 million worth of BTC. “A whale that had been dormant for eight months transferred 2,000 BTC ($132.41 million) to a new wallet [on Thursday], then deposited 1,100 BTC ($74.34 million) into Binance. This…

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