ZEROBASE: Completed 26.3 million ZBT repurchases, accounting for 2.63% of the total supply

The post EU targets Russian LNG and crypto in new sanctions package appeared on BitcoinEthereumNews.com. Key Takeaways The EU has implemented its 19th sanctions package against Russia, intensifying economic restrictions. A complete ban on Russian LNG imports into the EU has been introduced, with termination of short-term contracts within six months and the end of long-term contracts by January 1, 2027. The European Union announced its 19th sanctions package against Russia today, introducing a complete ban on Russian LNG imports and expanded restrictions on crypto platforms and banking services. The package phases out long-term LNG contracts earlier than previously planned while ending short-term contracts within six months. The measures also prohibit transactions with additional Russian banks and crypto providers, alongside banning Russia’s national payment system within the EU. The EU coordinated the sanctions with the US, including accelerated rejection of Russian energy supplies and expanded blacklisting of shadow fleet vessels. The restrictions target Russian entities like Rosneft and specific payment networks to limit transaction capabilities in EU markets. The measures aim to curb Russia’s ability to evade existing financial restrictions through digital asset services and alternative payment systems. The sanctions package expands the EU’s ongoing efforts to pressure Russia’s economy over its actions in Ukraine. Source: https://cryptobriefing.com/eu-russian-lng-crypto-sanctions-package-2024/

The post Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream appeared on BitcoinEthereumNews.com. Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/xrp-price-at-21-is-a-dream/

The post HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text appeared on BitcoinEthereumNews.com. The Fed has resumed interest rate cuts after a nine-month hiatus, lowering the federal funds rate by 25 basis points to a range of 4% to 4.25%. According to the “dot plot” projection reflected in the decision text, two additional interest rate cuts are envisaged in 2025. While 9 out of 19 officials expected two more interest rate cuts this year, 2 predicted a single cut, and 6 predicted no additional cuts. Newly appointed Fed Board member Stephen I. Miran dissented from the decision, voting for a stronger 50 basis point cut. The decision noted that economic growth slowed in the first half of the year, employment growth slowed, and the unemployment rate rose slightly. It also noted that inflation had begun to rise but remained high. While reiterating that it maintains its long-term targets of maximum employment and 2% inflation, the Fed noted that uncertainties regarding the economic outlook remain high. The statement read, “The Committee assesses that downside risks to employment have increased, in line with the balance of risks.” The statement stated that interest rate policy will be reshaped in the coming period, taking into account future data, the economic outlook, and the balance of risks. It also noted that the reduction in holdings of Treasury bonds, corporate debt instruments, and mortgage-backed securities will continue. The resolution was supported by Fed Chair Jerome Powell, Vice Chair John C. Williams, and board members Michael S. Barr, Michelle W. Bowman, Susan M. Collins, Lisa D. Cook, Austan D. Goolsbee, Philip N. Jefferson, Alberto G. Musalem, Jeffrey R. Schmid, and Christopher J. Waller. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-the-fed-interest-rate-decision-here-are-all-the-details-of-the-full-text/