Peter Brandt’s Advice for the Federal Reserve Veteran trader Peter Brandt is urging the Federal Reserve to remain hawkish and increase interest rates by another 100 basis points. Brandt, who has been a futures and FX career trader since 1975, believes that aggressively…
Fed Chairman Powell on Rate Hikes Federal Reserve Chair Jerome Powell reaffirmed the Fed’s hawkish stance on Wednesday during a central banker panel hosted by the European Central Bank in Sintra, Portugal. With the next Federal Open Market Committee (FOMC) meeting slated for…
Key Points: Crypto whales holding between 10 million and 100 million XRP tokens have been accumulating tokens after its price dip. Within a week, these whales accumulated over 360 million XRP tokens, valued at around $172 million. In March, whales on the XRP…
Revolut Delists Cardano, Polygon, and Solana for U.S. Users Revolut, a UK-based financial technology giant, has announced that it will delist Cardano, Polygon, and Solana for its U.S. users. Here are the key points: – Revolut will remove the option for U.S. users…
Survey Shows Strong Institutional Investor Optimism Towards Cryptocurrencies Binance Research, in collaboration with Binance VIP & Institutional, has recently released the findings of their Institutional Crypto Outlook Survey. The survey gathered responses from 208 Binance VIP and Institutional users and aimed to explore…
Coinbase’s Base Layer 2 Network Prepares for Mainnet Launch Coinbase’s Layer 2 network, Base, is getting ready for its mainnet launch. The team has focused on improving security to attract more developers and users. They have audited Optimism pre-deploys and contracts, used “fuzzing”…
Investors in Slovakia to Pay 7% Tax on Income From Crypto Held More Than a Year The National Council of Slovakia has approved an amendment that will reduce the taxation of cryptocurrencies. Here are the key points: Income from crypto assets sold more…
U.S. Judge Orders Kraken to Provide User Information to IRS A U.S. judge has ruled that cryptocurrency exchange Kraken must hand over certain personal information about its users as part of an Internal Revenue Service (IRS) investigation. The IRS is specifically requesting Kraken…
The U.S. derivatives and commodities regulator adds new crypto industry members to its committee The U.S. derivatives and commodities regulator, the CFTC, has added new participants from the crypto industry to its committee focused on digital assets. The committee, known as the Global…