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The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
8.11.2022
United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last...
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
5.11.2022
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate...
Silver Rallies 7% Rising Past $20 per Ounce, US Mint Says Fabricators Are ‘Struggling to Keep up With Demand’
5.11.2022
On Friday, as the global cryptocurrency market cap jumped 5.4% higher against the greenback, U.S. stocks rallied toward the end of the day with the top four major stock indexes gathering gains. Precious metals also soared as the New York spot price of gold per troy ounce increased by 3.20%,...
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
5.11.2022
The Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition...
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End
5.11.2022
The Nigerian currency appeared to accelerate its decline versus the U.S. dollar after it slipped to a new low of 900 naira for every dollar. The currency has continued to depreciate even after the Economic and Financial Crimes Commission’s raid on suspected illegal foreign exchange dealers....
CBN to unveil new naira notes to improve exchange rate and inflation
4.11.2022
The newly redesigned N200, N500, and N1000 notes are expected to enter circulation on December 15, 2022, according to the Central Bank of Nigeria (CBN). Recently, Governor Godwin Emefiele gave a special briefing at which he disclosed this. According to him, the redesign of the naira notes was made...
Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’
3.11.2022
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar next year. Greenspan expects this to happen even if the Fed decides to pivot its restrictive...
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%
3.11.2022
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Thursday, After Hawkish Fed Rate Hike
3.11.2022
Bitcoin fell towards the $20,000 mark on Thursday, after the U.S. Federal Reserve once again moved to increase interest rates. The Fed hiked rates by 75 basis points (bps), as it chose to maintain its current hawkish policy. Ethereum, which initially surged on the news, was also lower...
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy
3.11.2022
Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy,...
First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate Hike
3.11.2022
Weekly transactions on Arbitrum have soared over 555% since August. Crypto traders see huge potential for the ecosystem
Market Wrap: Bitcoin Little Affected by Fed Interest Rate Hike
2.11.2022
The largest cryptocurrency by market capitalization ticked down, but only slightly, following a fourth consecutive 75 bps increase. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
2.11.2022
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth...
Bitcoin Price Prediction as Federal Reserve Interest Rate Decision Announced
2.11.2022
During the European session, the Bitcoin price prediction remains bullish following the Federal Reserve's interest rate decision. ...
Read More: Bitcoin Price Prediction as Federal Reserve Interest Rate Decision Announced
Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike
2.11.2022
The Fed acts as expected, with comments from Chair Jerome Powell still to come as BTC/USD wakes up
Bitcoin, Ethereum Technical Analysis: ETH Drops to 5-Day Low, as Fed Likely to Delay Policy Pivot
2.11.2022
Ethereum dropped to its lowest level since last Friday during today’s session, as consolidation in crypto markets continued on Wednesday. This comes ahead of this afternoon’s U.S. Federal Reserve interest rate decision. Bitcoin was also in the red, and remains below $20,800. Bitcoin...
New Bitcoin Yardstick metric says $20K BTC now 'extraordinarily cheap'
2.11.2022
Only once before has BTC been such good value versus hash rate — and that was long before even the 2017 all-time high
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation
2.11.2022
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said...
Bitcoin Price and Ethereum Prediction – Big Day, Eyes on the US FOMC & Fed Rate Decision
2.11.2022
On November 02, the Bitcoin price is choppy, maintaining a narrow trading range of $20,300 to $20,800 ahead of the US FOMC and Fed Rate decision. Similarly, Ethereum has increased by less than 0.50% to $1,590, indicating investor indecision ahead of major news.
The worldwide crypto market...
Record hash rates may see Big Oil become a major BTC mining player
2.11.2022
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies