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Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second


While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s)....

US Inflation for May Hits 8.6%, Above Analysts’ Expectations


  US inflation hit 8.6% in May, up from 8.3% in April and above analysts’ expectations. "While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles,” the announcement from the US Bureau...

'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case


  In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX. For the "first time in history"...

PayPal Allows Users to Transfer Crypto to External Wallets and Exchanges


  Online payment giant PayPal now allows select customers in the US to transfer cryptoassets from their accounts to external wallets and exchanges. "Starting today [June 7], PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," Jose Fernandez...

Here's What US Senators Put in New Crypto-Friendly Bill


  In a bipartisan effort to pave the way for more crypto-friendly regulations in the US, Wyoming Republican Senator Cynthia Lummis and Democratic senator representing the state of New York, Kirsten Gillibrand, are set to introduce a new draft bill today, dubbed the 'Responsible Financial...

USA Real Estate Firm Puts New York Building for Sale as NFT


  Exploring innovative ways to use non-fungible tokens (NFT) in real estate deals, the US real estate firm Okada & Company has listed its first commercial property as an NFT on the OpenSea marketplace with an ETH 15,000 tag price (USD 28.7).... Read More: USA Real Estate Firm Puts New York...

Dollar Dominance and the Rise of Nontraditional Reserve Currencies


  Serkan Arslanalp is Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department; Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California; Chima Simpson-Bell is...

US Treasury Secretary: 'I Was Wrong About Inflation' in 2021


  As America’s inflation rate remains at a level unreported since the 1980s, decreasing the population’s purchasing power, the US Treasury Secretary Janet Yellen has admitted to being wrong about "the path inflation would take." In reference to 2021 and her actions that year, the Secretary said...

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