Jerome Powell Is the Next Chair Of Federal Reserve System

Jerome Powell’s nomination for being the chairman of the Federal Reserve System’s board of governors has been sanctioned on the behalf of the Senate of the United States until 2026. On Thursday, voting occurred in the Senate with 80-19 being the results pointing toward the endorsement by U.S.-based policymakers regarding the chairmanship of Jerome Powell … Read more

Cosmos (ATOM): Should You Take a Short Position?

Cosmos (ATOM) bears joined the space to ensure consistent pressure since the alt touched its ATH on January 7. Gradual downside moves beneath the multi-month trend-line resistance gave sellers the needed momentum to trigger trend-shifting reversals. For now, ATOM hovers at a tricky level. The 23.6% FIB resistance might reshape the short-term trend trajectory. While … Read more

How Polygon (MATIC) Benefits from Terra’s $30B DeFi Loss

Terra’s recent collapse forced it to eliminate several applications. For instance, the blockchains hat to remove Anchor, which was the chain’s leading DeFi network at some point. Meanwhile, the protocol is worth pretty nothing for now. As these protocols proved valuable use cases, different chains, including Polygon, are chasing the platforms like vultures. Polygon Eyes … Read more

Five Validators Want To Keep Doing Their Job On The Terra Network

On Monday, Terraform Labs CEO, Do Kwon, requested (via Twitter) that developers willing to support and commit to the development of the forked terra chain should indicate interest. 8/ We believe this token distribution, in addition to best efforts by LFG to make $UST holders whole, best solves for the varying interests and time preferences … Read more

The Number Of Blockchain Startups With VC Funding Soars For The Seventh Successive Quarter

Despite the general downturn in the broader crypto market, blockchain startups are still receiving funding from venture capitalists. A CB Insights report released on Wednesday revealed that VCs injected a combined $9.2B into blockchain and crypto startups in the first quarter of this year alone. Surprisingly, VC investments in blockchain and crypto startups have kept … Read more

FTX CEO Purchases 7.6% Holdings Of Popular Trading Platform

A new filing with the SEC by Sam Bankman-Fried shows that the FTX CEO has invested nearly $549M in the shares of the popular trading platform, Robinhood. His investment makes his average cost per share acquisition to be $11.53 and makes him hold 7.6% of the platform’s shares. Bankman-Fried bought the shares under his privately-owned … Read more

Ripple (XRP/USD) Ready to Break Past $0.5 Resistance – Price Analysis

XRP price paints a bullish picture today. XRP/USD has resistance around $0.5. Overnight sessions saw bullish momentum. Ripple price outlook shows XRP kick-started new upswings after discovering support at $0.4550. For now, the altcoin trades well beyond the resistance of $0.4850 and 100 SMA. Also, XRP/USD 1hr chart shows a break past a massive bearish … Read more

Crypto Exchange KuCoin Raises $150M To Launch DeFi Products This Year

KuCoin, a worldwide crypto exchange, targets to move beyond the services dealing with centralized trading and be directed toward Web3 with the latest funding supported by companies including Circle Ventures. On 10th May, the funding round was conducted by KuCoin, taking the valuation of the firm to $10B. The respective funding round chiefly focuses to … Read more

Central Bank Of Nigeria Moves Ahead To Upgrade Its CBDC

The CBN (Central Bank of Nigeria) is stepping further with its strategy for making advancements into its CBDC (central bank digital currency) to be utilized for a vast series of services and products. It is additionally sustaining its strict crypto limitations due to which the fintech sector of the country is being crippled. Bariboloka Koyor, … Read more