News list for " Decisions"
Bitcoin has fallen more than 10 per cent since the Fed's December 18 announcement. Aurelie Barthere, chief research analyst at Nansen, told The Block: "I would have expected the pullback to happen later, probably in January. The Fed's hardline stance and political uncertainty around US fiscal priorities, including ongoing government shutdown negotiations, may have contributed to the sell-off." Barthere forecasts a price range of 90% for Bitcoin.
"The decision to cut rates is a nod to growing confidence that inflation is on track to reach the Fed's 2 percent target - confidence based in part on signs in recent months that both labor and product markets are balancing," Kansas Fed President Schmid said in remarks prepared to be delivered to the Omaha Chamber of Commerce. He said that while progress toward returning to the 2 percent target means now is an appropriate time to cut rates, "interest rates...
This week, Ethereum's core developers decided to split the network's next major upgrade, Pectra, into at least two parts, with the first update due around February 2025. At present, gas fees on Ethereum, Base, Arbitrum, Optimism, and other second-layer networks must be paid in ETH regardless of the token being transferred. A proposal included in the first part of Pectra, EIP-7702, would effectively end this requirement, allowing users to use a wider range of tokens for other purposes.
7x24 Newsflash
Hot News
