Crypto news, trends and education
Crypto news and announcements about Coinranking
The U.S. District Court in Texas has dismissed Consensys' lawsuit against the SEC, citing procedural grounds. The case involved the regulatory scrutiny of Ethereum and MetaMask. Despite the dismissal, Consensys intends to continue challenging the SEC’s actions in other legal avenues.
The Bank of Japan maintains interest rates at 0.25%, causing the Nikkei index to surge and sparking a rally in Bitcoin and altcoins. With inflation targets in sight, BOJ hints at future rate hikes, keeping the market on edge.
The CFTC has challenged a recent court decision allowing Kalshi to offer U.S. election betting contracts. The commission cites potential market manipulation and risks to election trust, while Kalshi defends the transparency and oversight of its regulated prediction markets. The case is under review by the U.S. Court of Appeals.
The US Federal Reserve's 0.50% interest rate cut has fueled market optimism, potentially sparking a crypto rally. Bitcoin and other top altcoins have already shown gains. Investors are eagerly awaiting Fed Chair Jerome Powell's speech for future cues on the central bank’s next moves.
Ethena Labs temporarily shut down its website following a domain account hack, warning users to disconnect wallets and avoid transactions to prevent loss. While the website faces risks, the core protocol and user funds remain unaffected. This incident highlights the growing trend of frontend attacks in the crypto industry.
Anti-Bitcoin economist Peter Schiff cautions that the recent 50-basis-point rate cut by the US Federal Reserve could lead to a recession. Schiff highlights inflation risks and recommends gold as a safe hedge, suggesting that Bitcoin may not benefit from the rate cuts.
BlackRock and Microsoft collaborate on a $30 billion AI infrastructure fund to meet the growing energy and data demands driven by AI technologies.
Elon Musk's response to a claim about his potential arrest under Kamala Harris's presidency has fueled speculation. As his political support for Donald Trump grows, concerns mount about how a Harris administration might target the tech mogul and his social media platform, X.
JPMorgan and Goldman Sachs predict a 25 bps rate cut by the US Federal Reserve. This decision may lead to a dip in gold and Bitcoin prices, though opinions remain divided on the market's reaction. Discover how the Fed rate cut could influence these key assets.
Bitcoin is poised for a potential rally to $70,000, driven by factors such as the S&P 500's all-time high, an imminent US Fed rate cut, and historical trends from halving years. Learn more about the events that could spark a bullish surge.