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NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn


Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and...

Sony Raising PlayStation Plus Prices By Up To $40 A Year


PlayStation Plus is about to get a lot more expensive. Sony announced that, beginning in September, the annual subscription price will go from $60 up to $80 for the lowest tier of the program. Meanwhile PS Plus Premium, which competes directly with Game Pass by offering a big Netflix-style library...

Powell: More Rate Hikes May Be Needed to Curb Inflation


The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...

Bored Ape Yacht Club NFTs Face Sharp Decline Amid Broader Crypto Slump


Recent data paints an intriguing picture for the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC). Over a six-month span, its floor price tumbled from 76 ether down to a mere 21.99 ether. However, as of now, the BAYC floor is navigating a range of 23.90 ether to 24.65...

Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash


Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929, also called the Great Crash, contributed to the Great...

Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds


Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...

Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions


Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by...

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