The Federal Reserve has issued a public statement announcing a hike in interest rate after the FOMC meeting. According to the statement, the Committee has decided to “raise the target range for the federal funds rate to 1/4 to 1/2 percent.” It also revealed the plans of ongoing increases when the need arises. Feds hike…
Analysts at JPMorgan have stated that Ethereum’s dominance in the NFT space is being threatened by the Solana blockchain which has witnessed tremendous growth in the past year. Ethereum dominance in NFT is being threatened According to the report, the bank reiterated that the dominance of Ethereum in spaces where it used to reign supreme…
Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of…
With the realization that crypto would play an invaluable role in the evolution of the financial landscape, some of the leading financial institutions in the world are now paying top dollar to recruit top crypto talents into their folds. Crypto specialists are in high demand A recent Bloomberg report has revealed that some of the…
The flagship digital asset, Bitcoin, in the last seven days has witnessed one of its best times in recent weeks with its value touching as high as $55,000 during the bull run. While many analysts are yet to place a finger on what triggered this run, a research note from a leading traditional bank, JPMorgan,…