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Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients

The Uniswap Foundation, the group behind decentralized exchange (dex), Uniswap, has announced its first wave of foundation grants. It plans to distribute $1.8 Million total through 14 grants. The UF announced that Uniswap Diamond will receive a little more than $800K, a project being developed by GFX Labs. Uniswap will distribute $1.8 million to 14 […]

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JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’

JPMorgan Chase CEO Jamie Dimon stated in a U.S. Congress hearing that crypto tokens like bitcoin are "HT0_ decentralized Pozi schemes." JPMorgan CEO Jamie Dimon Calls Crypto Ponzi Schemes Jamie Dimon, CEO of JPMorgan Chase & Co. shared his views on cryptocurrencies in a congressional hearing Wednesday. Rep. Josh Gottheimer (D-NJ), asked Dimon about the

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Backdoor Roth IRA

Roth options are a great option when you're thinking about building your nest egg. Roth IRAs have one of the best benefits. They allow qualified investors to withdraw their retirement funds tax-free. People with high incomes can avoid the Roth income limit by setting up a Backdoor Roth IRA. What is a Backdoor Roth? The

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Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today

A pilot program has been launched by the Central Bank of Iran (CBI), for its central bank digital currency, also known as "cryptorial". Iran's chamber of Commerce explained that "cryptorial" can be traced even if data from smartphones is stolen. Pilot launches 'Crypto Rial’ today According to Iran's Chamber of Commerce, Industries, Mines and Agriculture,

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Indonesia to Tighten Crypto Regulation With Stricter Rules for Exchanges

Indonesia is set to release new regulations to tighten regulation of crypto-exchanges. The revised regulatory framework requires that two-thirds (or more) of crypto exchange directors must be Indonesian citizens who reside in Indonesia. Indonesia plans to tighten crypto regulation Officials from Indonesia's Ministry of Trade and Commodity Futures Trading Regulatory Agency, (Bappebti), said Tuesday that

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Huobi Partners With Astropay to Facilitate Fiat Payments in Latam

Huobi Global, the largest exchange in terms of volume traded, announced a partnership to make it more convenient for Latam-based customers who want to purchase cryptocurrencies. Astropay, a payment platform that allows customers to buy cryptocurrency in Latam with fiat currencies, has been partnered with the exchange. Huobi makes Crypto easier to Buy in Latam

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Brace Yourself for the Impact

Fed's message this week: Higher rates, lower economic growth and higher unemployment. For the third consecutive meeting, the Fed raised interest rates by 75 basis point. The statement also stated that the Fed anticipates additional increases. Summary of Economic Projections (SEP), showed that the median projection was for an additional 1.25% increase by Year End.

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