News list for "focused"
Federal Reserve Chairperson Jerome Powell says the Fed remains focused on achieving its dual-mandate goals of maximum employment and stable prices for the benefit of the American people. The economy is generally strong and has made significant progress toward their goals over the past two years. Labor market conditions have cooled from their previous overheating and are holding steady. Also, while it remains somewhat high, inflation has moved closer to the Fed's long-term goal of 2 percent.
Creditcoin, the L1 blockchain focused on the RWA space, has announced the launch of the $10 million Ecosystem Investment Program through Credit Labs, which aims to accelerate innovation within the Creditcoin ecosystem by providing $25,000 to $250,000 in equity investments to entrepreneurs, developers, and companies. Applications will open today.
Dollar-denominated bitcoin trading is more concentrated in the U.S. session, with CME's bitcoin and ethereum futures hitting a record number of unpositioned squaring contracts!
Namada, the privacy-focused Layer1 blockchain, has announced that it will be rolling out its features to protect users' asset data in the third and fourth phases of the mainnet launch. Powered by MASP (Multi-Asset Shielding Pool), Namada is designed to act as a unified shielding set for all networks. Namada can be plugged into an existing blockchain such as Ethereum or Solana to provide data protection for users. Dapp developers can use Namada's shielding operation as a data protection Lego buil...
Cadenza, a venture capital firm specializing in blockchain and artificial intelligence, announced the completion of $50 million in its early-stage AI venture capital fund. The new fund will focus on pre-seed and seed stage investments, with a focus on infrastructure and enterprise application fields. Cadenza's current portfolio in the Web3 space includes: Web3 infrastructure Validation Cloud, Malaysia Digital Asset Exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, crypto wallet ap...
Privacy-focused Layer 1 blockchain Namada has officially launched its mainnet and enabled the network's genesis block. This begins the first phase of its decentralized mainnet rollout, involving staking and governance. The launch also includes a community airdrop. Eligible wallets will receive NAM tokens and token transferability will be activated in Phase 5, which is expected to be completed within a few months.
The Blockchain Association, a lobby group focused on cryptocurrencies, announced that cryptocurrency firms have spent about $426 million fighting a lawsuit filed by Gary Gensler, chairperson of the Securities Exchange Commission. In the report, the Blockchain Association criticized the agency's "enforcement regulation" approach, which has affected the entire crypto industry. In addition to the cost of responding to complaints and cases, the Blockchain Association also pointed to the issue of une...
Axal, a startup focused on autonomous agency web development, announced the completion of a $2.50 million pre-seed funding round led by CMT Digital, with other participants including a16z Crypto Startup School, Escape Velocity, IDG Vietnam, and Artichoke Capital. Axal plans to use the funding to expand its team and launch its first product, Axal Autopilot, a self-driving agent-driven trading automation platform that provides users with personalized trading strategies, including price tracking, o...
Bitmain issued a statement, stating: Bitmain is focused on cryptocurrency mining machine business, Bitmain has no connection with the supply investigation incident reported by the media recently, and any news alleging that Bitmain is involved in the aforementioned incident is false. Bitmain reserves the right to pursue legal responsibility for media that publish and disseminate false information.
Federal Reserve Chairperson Jerome Powell said the central bank remains firmly focused on its dual mandate goals; the U.S. economy is generally strong; the labor market has cooled from its previous overheating; and the central bank is committed to keeping the economy strong.
