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Report: Number of African Cryptocurrency Users up by Nearly 2,500%

22.3.2022
The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...

Bitcoin hash rate may see ‘small capitulation’ with difficulty set for new all-time high

22.3.2022
Bitcoin network fundamentals appear more resilient than ever to attacks on miners‘ operations

Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’

21.3.2022
The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggressively. Off the heels of the first benchmark interest rate increase since...

$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...

Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target

21.3.2022
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and...

Miners that hodl the most Bitcoin are ‘relentlessly expanding’

18.3.2022
According to a series of mining metrics, not only are miners holding hard, but they’re also dramatically increasing their hash rate

First Mover Asia: Taiwan's Surprising Interest Rate Hike; Altcoins Outdo Bitcoin

17.3.2022
A survey of economists expected the country with its soaring economy to leave the rate unchanged; avalanche and solana, among others were well into the green

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior

17.3.2022
After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume,...

Bitcoin & Crypto Market Rises After US Rate Hike, Future Role of US Dollar in Focus

17.3.2022
The price of bitcoin (BTC), ethereum (ETH), and most other cryptoassets moved higher today, after the US Federal Reserve (Fed) yesterday raised rates for the first time since 2018, and a discussion about bitcoin’s role in a future monetary regime re-emerged. As of Thursday at 16:00 UTC,...

Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike

17.3.2022
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC...

Avalanche price can double by summer as AVAX's 20% weekly rally rekindles 'bull flag'

17.3.2022
But a near-perfect correlation between Avalanche and Bitcoin so far this year could spoil the bullish outlook

Bitcoin maintains $40K support as Fed confirms rate hike in 4 years

17.3.2022
The Ukraine war is high on the Fed's list of concerns, according to a statement released with the 0.25% rate hike

Aussie fintech to offer mainstream direct access to DeFi with a fixed rate

17.3.2022
Taking the “heavy lifting” out of DeFi — Block Earner has received $6.4 million in seed funding and is ready to offer fixed yields from Aave and Compound to Australian investors

Market Wrap: Cryptos Recover From Drop After Fed Rate Hike; Expect Higher Volatility

16.3.2022
Cryptocurrencies experienced a wild trading day after the Fed raised rates for the first time since 2018. Bitcoin (BTC) was up about 3% over the past 24 hours, while altcoins such as SAND and LINK outperformed

Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases

16.3.2022
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank...

Fed Raises Benchmark Interest Rate by 25 Basis Points

16.3.2022
Members of the Federal Open Market Committee said in a statement that it will raise interest rates by a quarter-percentage point, the first time the Federal Funds rate is raised since 2018

Fed Raises Interest Rate by 25 Basis Points in First Rate Hike Since 2018

16.3.2022
The US Federal Reserve (Fed) raised interest rates by 25 basis points today, marking the first rate hike in the US since before the COVID-19 pandemic. The increase was in line with what the central bank has long communicated to the market that it would do. (This is a developing story and...