US Banking System Deemed Strong and Resilient as Federal Reserve Increases Interest Rate by 25bpsThe US Federal Reserve has announced a 25 basis points increase in the federal funds rate, marking the tenth consecutive hike since March 2022. The announcement came as no surprise to the market, with th

It's unclear what the Bureau was looking for at the residence of Sam Bankman-Fried's former co-CEO of FTX Digital Markets.Source: finbold.comThe Federal Bureau of Investigation (FBI) is rumored to have searched the residence of former FTX co-CEO Ryan Salame as the executive comes under further scrut

The United Kingdom's HM Revenue and Customs is seeking input on a new tax regime for decentralized finance (DeFi) lending and borrowing activities. The consultation, which was launched on April 27, will run until June 22 and invites input from "investors, professionals and firms engaged in DeFi acti

SEC Chair Gary Gensler Criticizes Cryptocurrency Again in Educational VideoGary Gensler, the SEC chair, took to Twitter on April 27 to post a video in which he referred to cryptocurrency assets as "investment contracts." He went on to urge platforms that offer such products to register with the SEC

1. Market TrendBetween April 24 and 9:00 am on April 27, the BTC price fluctuated between $26,943 and $30,036, with a volatility of 11.48%. According to the 1-hour candle chart, the price slightly oscillated before surging to $30,000 on April 26, followed by high-level oscillation. In the early morn

Meta, the social media empire led by Mark Zuckerberg, posted a solid first-quarter profit of $5.7 billion, but suffered a nearly $4 billion loss from its metaverse unit, Reality Labs. The loss follows a $14 billion loss suffered by the same unit in 2022. However, Zuckerberg explained in the earnings

The MPs identify a ‘coordinated strategy’ to block banking for the digital asset sector that is unrelated to a desire to defend banks.Source: finance.yahoo.comThe chiefs of the American financial regulatory agencies have received letters from three Republican members of the House of Representatives

New 'Layer 3' Launch by Web3 Social Media Protocol Enables Instantaneous PostingLens, a Web3 social media protocol, has introduced a new "layer 3" network named Bonzai, to enhance scalability for blockchain social media apps. Bonzai stores and processes posts, comments, and shares, reducing the load

Developers are permitted to divert app users to their own systems for purchases unless Apple files an appeal and has the decision reversed.Source: investmentu.comApple was found to have broken California state competition rules when it forbade app developers from utilizing any other in-app payment o

Bitcoin has spiked more than 3% in the last 24 hours amidst fears of another possible bank failure following a significant drop in the shares of First Republic Bank (FRC) by over 50% on April 25. According to the head of research at Australian crypto education platform Collective Shift, Bitcoin rall