Bitcoin Slips Below $40k After Hostile Statements From Fed
Bitcoin, the flagship crypto slipped below $40K after the Federal Reserve Bank of the United States made hostile comments. Powell stated on Thursday that at the upcoming Federal Open Market Committee meeting, the Federal Reserve will consider raising the benchmark interest rate by 50 basis points (0.5 percentage point). Bitcoin Slips Below $40K It was just a few days ago that the leading cryptocurrency hit a high of about $43,000, its highest level in over 10 days. This was an especially surprising price given that the asset had fallen to a monthly low of just $39,000 earlier this week.....
Related News
Web3 advisor Hilary Kivitz discussed countermeasures that DAOs can employ against hostile takeovers during her talk at the EthCC 5. At the Ethereum Community Conference 5 in Paris, France, a presenter explored decentralized autonomous organizations (DAO) and what countermeasures they could employ against hostile takeovers. Hilary Kivitz, a Web3 advisor and former partner at a16z crypto, discussed protective concepts in traditional finance that can potentially be applied within DAOs to help combat the increasing risk of hostile takeovers. Within DAO governance, Kivitz argued that there are....
The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise in the number of women holding crypto for this period.
Tax Authority Reports More Than a Million Brazilians Invest in Crypto
The Brazilian tax authority (RBF) has reported that more than one million citizens presented their cryptocurrency statements in July. Specifically, 1,336,715 citizens....
In late 2013, the Bank of Thailand issued an advisement on bitcoin which stirred up fear, halting the buying and selling bitcoin and using them to pay for goods and services. But according to BitLegal.io, the country's hostile stance on bitcoin has changed. The central bank has said that bitcoin exchanges do not fall under the regulation of the Ministry of Finance unless foreign currencies are also offered for exchange. Not surprisingly, the largest bitcoin exchange operating in the country, Bitcoin Co. Ltd., has said they would be resuming trading operations, effective immediately.....
One and a half months after launch, NEM (New Economy Movement), has open-sourced their project and released their technical reference. The 54-page paper outlines the technical aspects of the cryptocurrency and theoretically explains the core concept of the technology known as proof of importance, a reputation-based enhancement to proof of stake. NEM, like most of other cryptocurrency networks, is a peer-to-peer (p2p) network. P2P networks have the great advantage over centralized networks in that they are robust against failures of some nodes since eliminating some parts of the network....
Developers recall a time when they were “all just developing for ‘Bitcoin.’” Many to this day make clear they don’t belong to any ‘team’ submitting protocol code per the ‘Bitcoin block size debate,’ and simply write code to be used in Bitcoin. Yet various camps, which on the outside seem to be competing with one another, submit code to be used by....