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Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst
8.8.2022
As the global economy moves into a recession in the second half of 2002, Bitcoin will likely rally alongside gold and treasury bonds, according to Mike McGlone, a senior commodity strategist at Bloomberg
Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?
8.8.2022
Investors avoid risk assets during a crisis, but excessive cash sitting in financial institutions could also be good for the cryptocurrencies
Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months
8.8.2022
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend
6.8.2022
Bitcoin was consolidating above $23,000 to start the weekend, as traders continue to react to yesterday’s nonfarm payrolls figure. It was confirmed that 528,000 jobs were added to the U.S. economy in July, which helped boost crypto prices. Ethereum consolidated on Saturday, after reentering...
Rainbows, Log Charts, and S2F: Bitcoin’s 2022 Bear Market Has Broken the Community’s Most Popular Price Models
5.8.2022
The 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models like the rainbow price chart and Plan B’s infamous...
Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700
5.8.2022
Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July. Bitcoin Ahead...
Fear of War, Monkeypox Causes Stock and Crypto Markets to Churn While Precious Metal Spike Higher
4.8.2022
Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&P 500, Dow Jones, and NYSE have shed a few percentages today, while the global cryptocurrency market...
The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink
3.8.2022
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than...
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’
2.8.2022
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry...
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020
1.8.2022
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from...
Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities
30.7.2022
While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May...
Positivity blazing through a bear market: Blockchain Economy Istanbul 2022
30.7.2022
The Blockchain Economy Istanbul 2022 summit made one thing clear: The positivity of the crypto ecosystem remains unfazed by the turbulent market shakeouts
Crypto’s Slide Hasn't Bled Into the 'Real Economy,' IMF Official Says
29.7.2022
Antonio Garcia Pascual, deputy chief of the global market analysis division at International Monetary Fund, joined CoinDesk TV to discuss why the crypto contagion hasn’t really spilled over into other markets
IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation
29.7.2022
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will...
3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’
28.7.2022
BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
28.7.2022
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
28.7.2022
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2...
Health and Fitness App Sweat Economy Raises $13M in Private Token Sale to Move to Web3
28.7.2022
The company is teaming with NEAR Protocol to support the move
Decentralized storage providers power the Web3 economy, but adoption still underway
28.7.2022
Decentralized storage providers are proving to be the backbone of Web3, but what does this mean for centralized web service providers?
UK National Crime Agency Seizes $33 Million in Cryptocurrency
28.7.2022
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said...