Key Points: Fed Chairman warns tariffs are driving inflation expectations higher. Potential rise in inflation may affect employment. Significant implications for U.S. monetary policy. Jerome Powell, Chairman of the Federal Reserve, highlighted that recent tariff increases are significantly driving inflation expectations, possibly leading to higher inflation and lower employment if they persist. Survey respondents pointed … Read more
The US Office of the Comptroller of the Currency (OCC) has confirmed banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties. Acting comptroller Rodney Hood said in a May 7 letter that banks and federal savings associations can buy and sell crypto they hold in … Read more
Cryptocurrencies serve beyond speculative functions by powering modern financial operations and creating innovative gaming platforms and privacy networks in today’s digital society. Blockchain projects, including Bitcoin and its innovative counterpart DexBoss, as well as AurealOne, deliver fresh approaches for how we conduct commerce while gaming and safeguard our digital identity. The five standout cryptocurrencies represent … Read more
Group of Seven (G7) leaders could discuss North Korea’s escalating cyberattacks and crypto thefts at an upcoming summit in Canada, mid-next month. Conflicts in Ukraine and Gaza will dominate discussions, but North Korea’s increasing cyber threats and crypto hacks have become a major concern requiring a coordinated international response, Bloomberg reported on May 7, citing … Read more
Solana (SOL) blockchain led other chains in revenue dominance as it received inflows from bridged assets which could define its monthly trajectory. Other Chains Bridging to Solana Ethereum (ETH) contributed more than $300 million of the more than $450 million in bridging assets that April brought to the Solana blockchain. The extensive cross-chain activities highlighted … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin Dominance (BTC.D) has made an unexpected climb into a historically strong resistance zone, now hovering near the 64.7% mark in the High Time Frame (HTF). This sharp move has sparked considerable interest among analysts and traders, with key technical indicators … Read more
Bitcoiners expect Bitcoin to soon break past $100,000 and potentially hit a new all-time high as US President Donald Trump is set to announce a trade deal with the UK. Trump said in a May 7 Truth Social post that a “major trade deal” with a “big, and highly respected, country” would be announced on … Read more
Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 30,686.56 Pakistani Rupees (PKR) per gram, up compared with the PKR 30,439.29 it cost on Wednesday. The price for Gold increased to PKR 357,915.70 per tola from PKR 355,037.90 per tola a day earlier. Unit measure … Read more
The cryptocurrency market is booming during Thursday’s early morning hours, with bitcoin poised to recover price levels not seen since February. The leading cryptocurrency experienced an upswing of nearly 3%, reaching prices of over $99,000 on several exchanges. Similarly, ether also rose to levels not seen since April, surpassing the key $1,900 mark. This market … Read more
A Texas House Committee has passed a Republican-backed bill to create a Bitcoin reserve, which now only needs a successful full floor vote before heading to the governor’s desk. The Texas House Committee on Delivery of Government Efficiency passed Senate Bill 21 with no amendments on May 7 in a 9-4 vote along party lines. … Read more