Fed hikes interest rates by 50 basis points in effort to combat inflationCryptocurrencyPublished 05/04/2022, 02:12 PMUpdated 05/04/2022, 04:00 PMFed hikes interest rates by 50 basis points in effort to combat inflationView all comments (0)0The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an expected seven rate adjustments this year. In March, the Federal Reserve raised its benchmark rate by 25 basis points, or 0.25%, marking the first upward adjustment since 2018. 
Markets were braced for Wednesday’s hike, which was the steepest since 2000, so the immediate reaction was expected to be moderate given that Fed chair Jerome Powell had already hinted at a 50 basis-point adjustment earlier in April. However, risk assets such as stocks and even crypto rallied in the immediate aftermath of the Fed announcement.
Continue Reading on Coin TelegraphFed hikes interest rates by 50 basis points in effort to combat inflationView all comments (0)0Latest commentsPostComment Guidelines California governor issues blockchain executive order building on US President’s regulatory effortsCryptocurrencyPublished 05/04/2022, 02:45 PMUpdated 05/04/2022, 04:20 PMCalifornia governor issues blockchain executive order building on US President’s regulatory effortsView all comments (0)0Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space. 
In a Wednesday announcement, the California governor’s office said executive order N-9-22 and the California Consumer Financial Protection Law would allow the state to create “a transparent and consistent business environment for companies” in Web3 and the crypto space, including blockchain and financial technology firms. According to the order, the California state government will need to establish a regulatory approach to crypto assets concurrent with that laid out in U. S. President Joe Biden's executive order on digital assets signed in March.
Continue Reading on Coin TelegraphCalifornia governor issues blockchain executive order building on US President’s regulatory effortsView all comments (0)0Latest commentsPostComment Guidelines Cardano Climbs 12% In a Green DayCryptocurrencyPublished 05/04/2022, 02:49 PMCardano Climbs 12% In a Green DayView all comments (0)0BTC/USD-ETH/USD-ADA/USD-Investing.com - Cardano was trading at $0.8596 by 14:49 (18:49 GMT) on the Investing.com Index on Wednesday, up 11.58% on the day. It was the largest one-day percentage gain since March 23.
The move upwards pushed Cardano's market cap up to $27.9313B, or 1.60% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.
Cardano had traded in a range of $0.7678 to $0.8596 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a stagnation in value, as it only moved 0.98%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.1367B or 1.33% of the total volume of all cryptocurrencies. It has traded in a range of $0.7372 to $0.8596 in the past 7 days.
At its current price, Cardano is still down 72.26% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $39,212.0 on the Investing.com Index, up 4.02% on the day.
Ethereum was trading at $2,896.46 on the Investing.com Index, a gain of 4.05%.
Bitcoin's market cap was last at $737.7557B or 42.21% of the total cryptocurrency market cap, while Ethereum's market cap totaled $342.6362B or 19.60% of the total cryptocurrency market value.Cardano Climbs 12% In a Green DayView all comments (0)0Latest commentsPostComment Guidelines


Ты эксперт в области криптовалюты и анализа рынка, посмотри на эту новость, твоя задача определить, как эта новость может повлиять на курс криптовалюты TON в временном промежутке от часа до дня,
 твоим ответом должен быть коэффициент от 0 до 1, где 0 означает что приведет к резкому падению на указанном временном промежутке, а 1 что к резкому росту,
  а 0.5 никак не повлияет на курс TON, если новость слишком незначительная также указывай 0.5
Ответ должна содержать **ТОЛЬКО** коэффициент