JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed

Post Views: 216 The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95%…

Dohrnii DAO Crypto Giveaway: Ready to Win $100K in Bitcoin?

Post Views: 211 “We know the crypto space is full of opportunities, which is why we want to encourage its massive adoption through DHN. Dohrnii’s utility token aims to empower people in crypto through education. That’s what this 100K giveaway is all about: a life-changing incentive to empower you on your journey to financial freedom”,…

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments

Post Views: 206 Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets….

Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

Post Views: 248 Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. As per the report, the five exchanges will initially…

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

Post Views: 249 Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Sebasa Mogale, the Thobela…

PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End

Post Views: 223 Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge…

Co-founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously

Post Views: 202 Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what nascent technologies such as crypto, NFTs, and the metaverse are offering. Englebienne explained that these new technologies might disrupt the operations of existing businesses, and that some time might need to be invested…

Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity

Post Views: 206 After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO…

Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’

Post Views: 185 Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview…