Search
Ethereum price breaks out as 'bad news is good news' for stocks
24.6.2022
Ether has rebounded by nearly 40% in the last six days despite persistent "bull trap" risks
On the brink of recession: Can Bitcoin survive its first global economic crisis?
23.6.2022
Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis
Tether Launches Stablecoin Pegged to the British Pound Sterling
22.6.2022
Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT....
Bitcoin & Crypto Move Lower Again as Analysts Search for Answers, Point to Risks to Economy
22.6.2022
The crypto market reversed lower again on Wednesday, after some optimism earlier in the week that the bottom could be behind us. According to analysts, the outlook for crypto is now highly uncertain, with some warning that prices could fall based on historical precedence, and others pointing...
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation
22.6.2022
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows...
Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months
21.6.2022
Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value while zcash shed 56% against the U.S. dollar. Privacy Coin Economy Sheds...
Why the crypto market crash may play in Bitcoin's favour
20.6.2022
Podcaster and Bitcoin educator, Natalie Brunell, believes the current market turmoil could lead to regulation favouring Bitcoin over alts
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn
17.6.2022
Brutal economic conditions coupled with dramatically falling crypto prices have led to massive layoffs within the blockchain industry
Metaverse Project GensoKishi Online Holds 2nd NFT Auction
17.6.2022
PRESS RELEASE. GensoKishi, a new fantasy world economy with blockchain technology by incorporating elements of NFT and GameFi on the Metaverse is pleased to announce its 2nd commemorative NFT Auction to be held from June 15th, 2022 at 18:00 (UTC+8) to June 22nd, 2022 at 17:59 (UTC+8) ! The...
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
15.6.2022
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by...
Ternoa, First NFT-Centric Blockchain, Releases Mainnet Setting to Disrupt NFT Economy
15.6.2022
PRESS RELEASE. Paris, France, 15 June 2022: Ternoa is a layer 1 open-source blockchain ecosystem that facilitates the adoption of utilitarian NFTs by giving developers full technological stack, access to independent infrastructure, nodes, developers’ community, and funding. The project is guided...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
14.6.2022
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress
13.6.2022
Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
12.6.2022
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from...
Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets
12.6.2022
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest...
Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July
11.6.2022
The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time...
Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout
11.6.2022
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since...
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
10.6.2022
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through...