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India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
6.7.2022
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...
Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining
23.6.2022
Bear markets are for building, which is exactly why HashWorks CEO Todd Esse says BTC’s current pricing presents an opportunity for retail investors and industrial mining companies
Avalanche (AVAX) price drops 45% in a month and data points to further downside
21.6.2022
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down
Record stablecoin market share points to crypto upside: JPMorgan
20.6.2022
Despite the FUD around stablecoins, the percentage of stablecoins in the total market cap has been growing recently, hitting new all-time highs
Further downside is expected, but multiple data points suggest Bitcoin is undervalued
16.6.2022
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
15.6.2022
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by...
Fed Raises Rates by 75 Basis Points
15.6.2022
On Wednesday, the US Federal Reserve (Fed) raised rates by 75 basis points, in line with most analysts’ forecasts. (This is a developing story and is being constantly updated.)
“[…] the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
14.6.2022
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in...
Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
26.5.2022
ETH dropped below a key support in its USD and BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal
Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
24.5.2022
Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing
Dvision Network Announces New LAND Staking Feature to Help Bolster Virtual Plot Utility
20.5.2022
PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT...
Catching the Falling Knife: Bitcoin, Ethereum Down 50% From All-Time Highs — Billions Leave Crypto Economy
8.5.2022
The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower...
Fed hikes interest rates by 50 basis points in effort to combat inflation
4.5.2022
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades
Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets
4.5.2022
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)...
Read More: Fed Targets Inflation With Expected Half...
Avoiding the Pitfalls of Nested Components in a Design System
26.4.2022
When creating a component-based, front-end infrastructure, one of the biggest pain points I’ve personally encountered is making components that are both reusable and responsive when there are nested components within components.
Take the following “call to action” (<CTA />…
Avoiding...
Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review
24.4.2022
Former Twitter CEO Jack Dorsey ponders Ethereum’s “single points of failure” and whether one man should be able to control an entire social media network, while Bitcoin.com News gives you the latest scoop in the world of ETH and BTC mining rigs. To top it all off, one economist...
Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin
24.4.2022
The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. He explained that as a company regulated by the Securities and Exchange Commission (SEC), changes in bitcoin holdings must be disclosed to shareholders via SEC filings....
Jack Dorsey Claims if ‘You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure’
19.4.2022
The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk running Twitter....
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
19.4.2022
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% by the fourth quarter of 2022 to combat the red hot inflation...
While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’
16.4.2022
18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto...