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KPMG Survey Shows Germany Warming Up to Crypto Again

10.4.2024
Investors in Germany are regaining optimism and confidence in crypto following a challenging period for the market last year. Still, some reservations persist. The post KPMG Survey Shows Germany Warming Up to Crypto Again appeared first on Cryptonews

EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’

1.2.2024
The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm...

Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?

16.12.2023
Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist. Amidst these...

Bitcoin’s Mining Difficulty Hits Record High With Sixth Consecutive Rise

26.11.2023
On November 25, 2023, the Bitcoin network marked its sixth consecutive difficulty rise, reaching a new peak at block 818,496. The difficulty soared by 5.07%, setting a record high of 67.96 trillion, a level that will persist until the next adjustment on December 9, 2023. Bitcoin’s Difficulty...

Crypto Veteran Expects Bitcoin to Maintain Bullish Momentum, Targets $40,000 by Year-End

16.11.2023
Bitcoin Logo / Source: Adobe Markus Thielen, research head at Matrixport and founder of DeFi Research, expects Bitcoin’s bullish momentum to persist and drive prices toward $40,000 by the end of the year. Thielen’s optimistic outlook is based on several factors, including options...

Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist

10.11.2023
Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted...

Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month

19.10.2023
Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted that further interest rate hikes may be appropriate...

The future of Bitcoin: Will the upward trajectory persist?

21.9.2023
Bitcoin’s price has traded around an impressive $27k mark due to the launch of the Bitcoin Adoption Fund by Nomura, Japan’s largest investment bank. This development marks a pivotal moment in the cryptocurrency landscape as it seeks to allure institutional investors and expand its reach...

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

10.8.2023
Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room for competitors. UBS on US Dollar’s Dominance...

Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide

30.7.2023
This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once...

IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges

7.7.2023
A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper emphasizes that certain crypto assets may not persist...

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

19.6.2023
JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The global investment bank cited the historical experience of when...

Decentralized file storage pricing differentials persist despite market growth: Report

27.4.2023
Depending on the metrics, the cost of decentralized file storage can be very low or significantly higher than Web2 counterparts

NFTs Will Persist for as Long as Communities Are Willing to Use Them — Lostworlds Co-Founder

17.4.2023
According to Quaison Carter, the co-founder and CMO of the location-based NFT platform Lostworlds, non-fungible tokens (NFTs) are still not widely used due to what he called “user friction.” Carter, however, insists that the value of NFTs will persist for “as long as there...

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

15.4.2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...

Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...