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Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits
9.7.2023
Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of stable consumer expectations about rising prices...
Biggest Movers: SOL Hits Fresh 4-Week High on Friday, ADA Snaps Losing Streak
7.7.2023
Solana was one of Friday’s biggest gainers, as the cryptocurrency rose by over 11% during today’s session. The move came as markets reacted to June’s nonfarm payrolls report, which came in at 209,000, below expectations of 229,000. On the other hand, cardano ended a three-day...
U.S. Added 209K Jobs in June, Missing Expectations for 230K
7.7.2023
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%
Gollum Studio Will Stop Developing Games After Its Dismal Release
30.6.2023
After apologizing for the dismal state of The Lord of the Rings: Gollum, developer Daedalic Entertainment is now shuttering its development arm to instead focus on publishing games since Gollum didn’t meet expectations.Read more
InQubeta (QUBE) Presale Launch Exceeded Market Expectations and Could Experience the Same Success as Ethereum (ETH)
11.6.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Crypto enthusiasts and analysts are always trying to find out which crypto projects have the potential to make money on the crypto market.
At the launch of a crypto presale, analysts observe...
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations
2.6.2023
Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session. Cardano...
XRP to Exceed All Expectations In 2023? Latest New Value Report Boosts Altcoin Forecast 100x
28.5.2023
Ripple's 2023 New Value Report reveals strong and widespread excitement regarding the potential of cryptocurrencies despite regulatory issues between the United States Securities and Exchange Commission (SEC) and many crypto firms, including Ripple.
The report noted that more than 70% of global...
Bitcoin, Ethereum Technical Analysis: BTC Nears $27,000 as Market Reacts to Latest US Personal Consumption Data
27.5.2023
Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher. Bitcoin Bitcoin (BTC) rallied...
JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’
23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...
RACA’s Motor Cycle racing event transcends all expectations
22.5.2023
RACA celebrates its 2nd anniversary in the most thrilling and entertaining way. The motor cycle racing event is here, which takes all participants on a high-octane ride through its racing challenge. Witnessing an unparalleled number of event participants, along with several avatars, straddling...
Has Algorand peaked? Meanwhile, Tradecurve presale exceeds expectations
16.5.2023
The Securities and Exchange Commission (SEC) recently classified some cryptocurrencies, including Algorand (ALGO), as securities. Many believe that Algoand is yet to reach its true potential, and the SEC claiming it as a security have some investors worried. Experts have declared that Tradecurve...
Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation
13.5.2023
Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash...
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
12.5.2023
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause....
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
8.5.2023
Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin...
U.S. Adds 253K Jobs in April, Topping Expectations for 180K
5.5.2023
The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%
Coinbase share price spikes 7.9% as Q1 results beat expectations
5.5.2023
Coinbase CEO Brian Armstrong called the quarter a "turning point" for the company as it worked towards a more "financially disciplined" firm
DigiToads exceeds presale expectations and could join top 50 crypto along with Polygon & Aave
4.5.2023
If you are into cryptocurrency trading for beginners, the top 50 crypto projects may be a good start for your search. Below, we’ll discuss some of the most popular cryptos, Polygon (MATIC) and Aave (AAVE), and introduce you to the newest crypto presale, DigiToads (TOADS), and why investors...
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
30.4.2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during...
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...