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PCE inflation report sparks Dollar decline: US currency nears 3-month low


PCE, an acronym for Personal Consumption Expenditure, is ideal for the Federal Reserve to measure inflation. It helps them track how US citizens spend money on goods and services. A stronger PCE report reflects positively on the USD, and a weaker report means that the US Dollar is not necessarily...

IRS Reports Increase in Digital Asset Tax Investigations


The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) noted an increase in digital asset tax investigations due to cryptocurrencies becoming more mainstream, according to the IRS:CI’s annual report released Monday. What the findings show The report states these digital asset...

3 Out of Every 4 Web3 Games Have Met Their Demise: CoinGecko Report


Source: Adobe Stock / enchanted_fairy Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry.  In a recent report, CoinGecko analyzed the launch and success rates of 2,817 games between 2018 and 2023.  Shockingly...

Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months


In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity...

Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report


Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions.  In a study released on Nov 29, De Vries opined that Bitcoin has...

VIP Binance Traders Reportedly Heard of DOJ Settlement in September


A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report. An exclusive dinner According to the report published by Bloomberg, a number of Binance’s...

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