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Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
3.1.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s...
Bank of England Releases Surprise Rate Hike
17.12.2021
The Bank of England recently surprised the market with its sudden bank rate hike. The central bank surged the rate by 0.15%, taking it to 0.25%. The bank previously issued the surge three and half years back, following a sustained period of an asset-buying program and low rates. The financial...
Bitcoin (BTC) Records 6% Hike and Trades Above $66000
8.11.2021
Bitcoin, the world’s largest cryptocurrency, has broken the range. Now it is consolidating again above $65,000. It is now on the verge of crossing its all-time high of $66,000. The price chart is bullish while buying interest increases. All the followers of Bitcoin are extremely greedy to get...
Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’
6.8.2021
The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying...
Echoing GameStop saga, retail traders fuel Robinhood stock price hike
5.8.2021
After a decidedly lackluster IPO debut last week, Robinhood shares have been wildly volatile in recent days, at one point skyrocketing by as much as 81% on the day
ShibaSwap Causing Hike in Ethereum Gas Prices
12.7.2021
The high gas fees associated with Ethereum are attributed to the record growth in the DeFi transactions achieved by ShibaSwap. The protocol has recently tweeted that it has created history by having more than 1 billion dollars of the total value that has been locked on its platform in one day....
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
Bitcoin’s Astonishing Price Hike – Is it for Real?
22.2.2021
Bitcoin, the most speculative digital asset, has now been continually targeted by investors. They speculate whether investing in Bitcoins would be an ideal option in the current scenario or not when the digital asset appears to be overhyped. The hype began after the Tesla king invested around $1.5...
Dogecoin’s Record Price Hike Signals Bubble
11.2.2021
“Big Short” investor Michael Burry recently called Dogecoin a bubble, citing enough reasons that go in favor of his prediction. First, Dogecoin is perhaps the only cryptocurrency that does not have market capitalization. It was launched in 2013 when its price was around A$5.6 billion on...
Stellar Price Reflects Tremendous Hike in the Last 24 Hours
25.11.2020
Stellar is making a stellar move in the global crypto market against the US Dollar as its trades right below the significant lucrative projects of viz., Cardano, Polkadot, and Binance Coin. XLM coin has strengthened by over 60% from yesterday’s opening trading price of $0.135 to a 2-year high...
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class - Report
18.8.2020
With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class' performance.
The primary drivers that have pushed...
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
13.7.2020
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the...
Stellar (XLM) Appears Bullish Due to Impressive Intraday Hike
25.4.2020
Stellar, at the time of penning down this analysis, was trading at $0.0624 against the US Dollar as the price accumulation takes the toll The intraday price of XLM coin has rebounded from $0.060 to $0.062, which helped retain support from 50-day and 200-day daily MA Recent intraday price recovery...
Bitcoin Cash Marks an Impressive Intraday Hike; Trades Above $240
20.3.2020
Bitcoin Cash shows an amazing trend reversal as the price rises above the yearly bottom of $143.2 and currently trades at $241.7, marking an intraday hike of 68.78% The market seems to reverse the weekly sluggish pullback as market ramps up BCH coin had lost over 70% when it nosedived from...
Court Backs County for Electricity Price Hike Targeting Crypto Mining
14.3.2020
A Washington court has sided against six crypto mining entities who sued Grant County for upping the electricity prices it charged to “emerging industries” in 2018
XLM Eyes a Slow Recovery; Corrects After a 61% Price Hike
13.3.2020
The crypto market, just like every other market across the globe right now, is still not ready enough to come out of the shock that it has been receiving for the last one week. However, even after a massive price plunge below $5000, Bitcoin has at least attempted to remain above $5000. It seems...
NEO Nears $12 after an Overnight Hike of 3.63%
5.3.2020
NEO has been up by 3.63% on the last day, and it is currently at 11.97 USD. It may soon reach the next resistance point at 12.09 USD. After the last few days of struggle, NEO seems to have taken the path to a quick recovery. Over the last 24 hours, it has been stretched …