Dragonfly Capital led the funding round with participation including Robot Ventures and Bain Capital.
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.
This was a significant increase from the 2.4% officials were predicting in March.
Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.
Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Bitcoin's price has doubled this year, partly because of demand from institutional investors who are looking for an asset that might hold its worth if the dollar’s purchasing power declines.
Federal Reserve Chair Jerome Powell assures markets that monetary policy will stay loose "as long as it takes."
The question is whether Powell will allow bond yields to keep rising or if the Fed will step in to ward off any unwanted market reaction.
The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.
The U.S. central bank said interest rates will remain close to zero.
Comments from the Fed could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year.
U.S. Treasury and corporate bonds are returning lower yields than ever. Ethereum's currency ether (ETH) presents an alternative.
Newly launched DeFi lending project Yield Protocol is offering stable interest rates for investors.
Bitcoin's correlations with gold and the stock market appears contradictory on the surface. There are deeper machinations at work.