Crypto Daily News from ZBG Exchange

1. Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Cryptocurrencies were mostly lower on Wednesday despite a brief 3% jump in bitcoin after the U.S. Federal Reserve maintained accommodative monetary policy.

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2. 2 Ethereum Projects Are Officially Merging; ‘Keanu’ Aims for August Launch

Keep and NuCypher have agreed to merge their protocols into a DAO. Coming soon: a more capital-efficient version of Keep’s bitcoin-on-Ethereum token, tBTC.

Two well-regarded protocols born out of the 2017–2018 initial coin offering era are officially merging. Simply put, Codename: KEANU is a go.

3. SEC Again Delays VanEck Bitcoin ETF Decision

This is the second time the regulator has extended its review period of the VanEck bid by 45 days.

The U.S. Securities and Exchange Commission (SEC) keeps kicking the bitcoin exchange-traded fund (ETF) can down the road.

4. Banks Edge Closer to Ethereum 2.0 Staking

Switzerland-based Sygnum Bank is helping institutional clients get staking rewards from the new Ethereum network. And they’re not alone.

Banks could one day be key participants in Ethereum 2.0.

5. Federal Reserve Officials Raise 2021 Inflation Projection, Powell Addresses Asset Purchases

This was a significant increase from the 2.4% officials were predicting in March.

This was the “talking about talking about” tapering meeting, U.S. Federal Reserve Chair Jerome Powell said in a press conference Wednesday.

Founded in July 2018, ZBG is a Hong Kong-based cryptocurrency exchange, a global platform of ZB.COM.

ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.

Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.

In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.

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ZBG Team

June 17, 2021

Launched in 2018, ZBG is a Hong Kong-based crypto exchange, a subsidiary of ZB.COM. ZBG is focused on providing a trading platform for new and innovative tokens