Dormant Ethereum Wallet Awakens After 9 Years with Million-Dollar Windfall
An early Ethereum ICO participant's wallet has reactivated after 9.4 years of dormancy, turning a $601 investment into $6.5 million. The dramatic return coincides with ETH price volatility and significant institutional movements in the crypto market.
Crypto Market Tumbles After Fed's Quarter-Point Rate Cut
The cryptocurrency market experienced significant turbulence following the Federal Reserve's 0.25% interest rate cut, with liquidations soaring to $853 million in 24 hours. Bitcoin briefly fell below $100,000 while other major cryptocurrencies and meme coins saw sharp declines.
Central Banks Abandon CBDCs in Favor of Instant Payment Systems
According to the OMFIF Future of Payments 2024 survey, central banks are shifting away from CBDCs with only 13% support, while 47% now favor Instant Payment Systems for cross-border transactions. The trend indicates a clear preference for practical, proven solutions over experimental approaches in modernizing international payments.
Cryptocurrency as a Hedge: Jim Cramer Backs Digital Assets Amid U.S. Deficit Concerns
CNBC's Jim Cramer reinforces his support for cryptocurrencies as a potential safeguard against U.S. government spending and mounting deficit worries. The Mad Money host specifically recommends Bitcoin and Ethereum while expressing skepticism about Washington's ability to address budget challenges.
Elon Musk Calls for Federal Reserve Abolition, Sparking Monetary Policy Debate
Tesla CEO Elon Musk ignites controversy by advocating for the dissolution of the Federal Reserve, criticizing its unchecked influence over the U.S. economy. His statements align with cryptocurrency proponents while drawing pushback from traditional banking defenders.
Elon Musk Sparks Controversy with Call to Abolish Federal Reserve
Tesla CEO Elon Musk ignites heated debate by demanding the end of the Federal Reserve, criticizing its monetary policies and power over the economy. His provocative stance gains support from tech leaders while drawing pushback from economic experts, highlighting growing tensions around traditional financial systems.