Fed Cut Lights The Fuse: Bitcoin Rebounds And Bulls Predict More Upside
Crypto markets saw a modest lift after the US Federal Reserve made another move on rates, and traders are watching for a clearer follow-through. According to reports, the Fed has carried out three consecutive interest rate cuts totaling 0.75% from September to December. The move was widely expected. Still, market responses have been mixed and somewhat choppy. Related Reading: American Bitcoin Makes Big Buy, Adds 416 BTC To Its Stack Fed Moves And Market Takeaway According to CoinEx chief analyst Jeff Ko, much of the Fed’s action was already priced in, and the updated dot plot leaned a bit....
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According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit. $80 Million Swiped from Rari Capital Another decentralized finance (defi) protocol attacker has managed to siphon millions of dollars worth of crypto from a defi project. On Saturday, the blockchain and smart contract audit firm Blocsec revealed Rari Capital’s Fuse platform suffered a loss of....
The African continent has emerged as a hotbed for crypto and blockchain activity, with countries like Nigeria and Ethiopia leading the way. Web3 payments platform Fuse has partnered with ChromePay, an identity-based payment solution, to launch a new suite of payment products in Africa — a move designed to boost financial inclusion on the continent.The partnership centers around ChromePay’s decentralized identity service, also known as a DID, which the companies claim will enable millions of Africans to participate in the Web3 economy. By utilizing the Fuse blockchain, ChromePay will offer....
When it comes to projects in the DeFi space, establishing key partnerships is paramount if long-term success is to be ensured. In such a volatile and unpredictable market and industry, one can never be too careful and that is exactly why the Sushi protocol has now been deployed on Fuse Network after the platform added the blockchain to its list of supported chains. For those who may be unaware, Fuse’s mission is to make cryptocurrency payments and DeFi options available to the public by drastically simplifying access via mobile-centric user-friendly solutions. In order to....
Bitcoin is in the process of rocketing up towards $32,000, with the cryptocurrency showing some immense signs of strength as bulls target it seeing further upside The overnight breakout rally that allowed it to see this explosive move higher came as a shock, with the resistance at $30,000 being sliced through with ease The strength of this movement does bode well for bulls, as it indicates that significantly further upside could be imminent in the […]
Chainlink’s price action as of late has been quite positive, with bulls shattering the resistance that previously sat around $12.00 and gaining momentum as the aggregated DeFi sector rebounds. The cryptocurrency has held up quite well today despite some turbulence seen by Bitcoin and Ethereum. The latest selloff seen by the benchmark cryptocurrency has come […]