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Ether Breaks $1.6K on Merge Hype; Crypto Funds Price In July Rate Hike

22.7.2022
The market has been decisively pricing out the probability of a 100bps hike in the July FOMC, trading fund QCP Capital said

ECB Exits Negative Interest Rate Policy With 50 Basis Point Hike; Bitcoin Steady

21.7.2022
The ECB's first rate hike comes four months after the Fed kicked off its tightening cycle, sending risk assets lower

Bitcoin Slips Below $23K Ahead of ECB Rate Decision

21.7.2022
The central bank is likely to signal an exit from negative interest rate policy. That won't dent the appeal of investing in fiat alternatives like cryptocurrencies, one observer said

Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

21.7.2022
Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable...

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally

21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...

Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’

20.7.2022
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points (bps) on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise...

Marathon inks new arrangements to achieve 2023 hash rate target

19.7.2022
The Bitcoin mining firm is looking beyond its current troubles into next year to secure the energy it needs to make up a more significant portion of the network’s hash rate

DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike

15.7.2022
The outperformance of the DeFi coins could be fleeting, given the weak fundamentals

Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

14.7.2022
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise

US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...

Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

11.7.2022
BTC on-chain metrics and technical indicators are trading near historical bottoms, but analysts say a new “macro catalyst” could prove the current range is not the bottom

US dominates crypto ATMs installations and BTC hash rate worldwide

10.7.2022
With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022

Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms

8.7.2022
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current...

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty

6.7.2022
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...

Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

1.7.2022
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian...