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Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPS

Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPS

The US Federal Reserve has raised the US federal funds rate to 1.5%-to-1.75%, representing an increase of 75 basis points. The Fed said it also intends to continue reducing its balance sheet. “In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. […]

The post Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPS appeared first on The Block.

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Former NYSE president joins Uniswap Labs as advisor

Uniswap Labs said that Cunningham was joining the team due to her belief in “the potential of decentralized exchange and in Uniswap Labs’s commitment to fairer markets.”

The post Former NYSE president joins Uniswap Labs as advisor appeared first on The Block.

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House Ways and Means Committee chair seeks info on crypto and retirement accounts oversight

Congressman Richard Neal, who chairs the House of Representatives Ways and Means Committee, asked the Government Accountability Office (GAO) to provide information about the nexus between cryptocurrencies and American retirement accounts. 

The post House Ways and Means Committee chair seeks info on crypto and retirement accounts oversight appeared first on The Block.

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Following Celsius freeze, US policymakers are on high alert for crypto systemic contagion

All eyes are watching crypto lender Celsius’s freeze on withdrawals, including policymakers and legislators in Washington.

The post Following Celsius freeze, US policymakers are on high alert for crypto systemic contagion appeared first on The Block.

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Scaling Bitcoin: Lightning Network

Quick Take

  • This is the first part of a research series on Bitcoin scaling solutions
  • This piece focuses on the Lightning Network, a state channel-based solution
  • Lightning Network’s state channels utilize hash time-lock contracts to facilitate transactions
  • There have been promising signs of growing adoption of the Lightning Network 
  • While the Lightning Network aims to keep its functionality simple, it remains to be seen if it will be the solution of choice to scale Bitcoin moving forward

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‘We didn’t get to say goodbye.’ Laid-off Coinbase employees pick up the pieces

After Coinbase announced 18% of staff were set to be laid off, they started sharing their feelings of shock and sadness.

The post ‘We didn’t get to say goodbye.’ Laid-off Coinbase employees pick up the pieces appeared first on The Block.

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Celsius appoints Citigroup to advise on possible solutions after withdrawal freeze: sources

Citigroup is helping Celsius assess its options after the troubled crypto lender abruptly halted client withdrawals, two sources tell The Block.

The post Celsius appoints Citigroup to advise on possible solutions after withdrawal freeze: sources appeared first on The Block.

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Cumberland walks back tweet about how top stablecoin could experience depegging

Cumberland releases statement on stablecoins and clarifies its position following “misinterpreted Tweet”

The post Cumberland walks back tweet about how top stablecoin could experience depegging appeared first on The Block.

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Tag Heuer rolls out NFT feature for some smartwatch models

The NFTs will appear in a hexagon with a cloud of particles moving around the image.

The post Tag Heuer rolls out NFT feature for some smartwatch models appeared first on The Block.

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June Analyst Call | Full Video

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members of The Block Research.
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this Research content on The Block Research.

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