Following another Federal Open Markets Committee (FOMC) meeting on Wednesday, the Federal Reserve agreed to raise its benchmark interest rate by 25%. Bitcoin did not react with its usual fervor to the news, continuing to trade slightly above $23,000. The rate hike brings the Fed’s benchmark rate between 450 and…

Strike — a Bitcoin payment company and wallet provider — has expanded its “Send Globally” feature to the Philippines, allowing locals to receive lightning-based remittances directly to their bank account. This marks the second-wave rollout for Send Globally after its initial release to Africa in December. Fixing the Remittance System In a press release…

Circle — the issuer of the second largest stablecoin by market cap, USDC — is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains. The company said the protocol can be embedded into dapps, and provide the most “capital efficient” path for cross-chain USDC transfers. Bridging USDC …

Hint: It’s not only about the NGU tech. In traditional finance circles, Bitcoin is often thought of as a novel and risky technology — one that is either going to revolutionize the world, or be a passing fad that only mocks real financial tools. Within crypto circles, it's the reverse…

Bitcoin is continuing its weekly rally with a push beyond $22,000, bringing the crypto market back to a market cap of over $1 trillion. The pump has triggered another avalanche of liquidations across digital asset exchanges. Bitcoin traded for roughly $21,380 at 19:45 UST on Friday, before pumping by $1000…

Miami’s Bitcoin-bullish Mayor, Francis Suarez, remains faithful to the asset after the collapse of one of the world’s largest crypto exchanges shook confidence in the industry. The mayor suggested that Bitcoin can still provide numerous benefits not offered by the fiat currency system. Could Bitcoin Replace the Dollar? During an interview with CNBC on Friday…

There is no such thing as a sure thing, but five lines of crypto code come pretty close. JP Morgan CEO Jamie Dimon remains a skeptic of almost everything Bitcoin — including the idea that its total supply is limited to 21 million coins. “How do you know it’s gonna…

Bitcoin’s weekly surge beyond $20,000 doesn’t necessarily mean the bull market is back, according to BitMEX co-founder Arthur Hayes’ latest analysis. The former CEO recently detailed some possible scenarios that will trigger Bitcoin’s next big move — which mostly boils down to how the Federal Reserve behaves in the near…

Bitcoin’s rise within the past two weeks has made it one of the best-performing assets of the year, according to Bloomberg Intelligence. The firm’s senior macro strategist, Mike McGlone, compares the rally to a similar recovery in early 2019 — but in a macro environment of contracting liquidity. Is Bitcoin Back? In a…