Fed Announces 0.5% Rate Hike to Fight Inflation, Highest in 22 Years
The Federal Reserve announced a 50 basis point interest rate hike during May’s Federal Open Markets Committee (FOMC) meeting. This is twice the size of the rate increase from last…
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Coinbase Won’t Acquire Brazilian Crypto Giant 2TM
2TM Group, the holding company of Brazil’s first crypto brokerage Mercado Bitcoin, has ended its merger and acquisition talks with the leading US-based cryptocurrency exchange Coinbase, Bloomberg reported Wednesday, citing…
Joe Rogan Believes the US Government Fears Bitcoin
The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as…
ETH 2.0 Deposit Contract Passes 10% of Total Supply
In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value…
Hawaii to Launch a Task Force Focused on Crypto Regulations
Two of the main committees of the state of Hawaii – Commerce and Consumer Protection (CPN) and Ways and Means (WAM) – greenlighted the launch of a unit called Blockchain…
Polkadot XCM Format Goes Live, Enables NFT Functionalities
Cross-chain interoperability protocol Polkadot has announced the launch of its messaging system dubbed XCM (cross-consensus messaging) to allow communication and transfer of digital assets between its parachains. Polkadot Launches Cross-Chain…
Coinbase Collateralized Bitcoin for the First BTC-Backed Loan by Goldman Sachs
Wall Street banking giant Goldman Sachs announced that its first-ever Bitcoin-backed loan was lent to Coinbase. However, neither of the two has disclosed the amount and other details regarding the…
MicroStrategy Registers a $170 Million Impairment Charge on Bitcoin in Q1
American business intelligence company MicroStrategy released its Q1 financial results in which it revealed a non-cash digital asset impairment charge of $170.1 million. The company also revealed appointing Andrew Kang…
Institutional Investors Cooling on Crypto as Weekly Outflows Top $120M
Digital asset manager CoinShares broke down the numbers in its weekly digital asset fund flows report released on May 3. Capital has flown out of major crypto asset funds for…
Shiba Inu Reveals Dates for SHIB Burn Portal Reward Cycle
The team behind the popular memecoin Shiba Inu (SHIB) has revealed the dates for the rewards from the recently-launched burn portal. CryptoPotato reported earlier in April that Shiba Inu has…
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