Crypto News
Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses ConfidenceSource link
Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocksSource link
‘Snow Crash’ Author Neal Stephenson and Special FX Studio Wētā Debut New Metaverse Project
The best-selling author said Artefact will be an open metaverse that "provides a foundation that ensures long-term value and creative quality.”Source link
NVIDIA to Showcase Data Center Innovations at Hot Chips 2024
NVIDIA engineers to unveil advancements in the Blackwell platform, liquid cooling, and AI-driven chip design at Hot Chips 2024. (Read More)Source link
Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended
Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access upSource link