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Uranium.io, a uranium trading dApp powered by Tezos, goes live

Uranium.io, a decentralized application (dApp) on Tezos (XTZ), is now live, as reported to Finbold on Tuesday, December 3.  Since uranium has traditionally been locked behind institutional gates, Uranium.io seeks to make the chemical more accessible to investors. The platform is backed by Curzon Uranium, a global trading firm with over $1 billion in uranium transactions, and Archax, the first registered crypto exchange in the United Kingdom.  Picks for you Orbitt unveils a staking program with $2 million in rewards 1 hour ago 5 promising cryptocurrencies Coinbase just added to the COIN50 index 2 hours ago AI predicts Chainlink (LI...

Here is why a 0.75% Fed rate hike could be bullish for Bitcoin and altcoins

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The Federal Reserve is set to raise interest rates this week. Here’s why traders expect a 0.75% hike to trigger a crypto market rally. The S&P 500 and the Nasdaq Composite index suffered their worst weekly performance since June as investors remain concerned that the Federal Reserve will have to continue with its aggressive monetary policy to curb inflation and that could lead to a recession in the United States. Bitcoin (BTC) remains closely correlated to the S&P 500 and is on track to fall more than 9% this week. If this correlation continues , it could bring more pain to the cryptocurrency Markets because Goldman Sachs strategist Sharon Bell cautioned that aggressive rate hikes could trigger a 26% fall in the S&P 500. Crypto market data daily view. Source: Coin360 The majority expect the Fed to hike rates by 75 basis points in the next meeting on Sept. 20 to Sept. 21 but the FedWatch Tool shows an 18% probability of a 100 basis point rate hike. This uncertainty could k...