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IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
13.4.2023
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas...
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
12.4.2023
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised...
Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure
12.4.2023
Ali Shamkhani, secretary of the National Security Council of Iran, has stated that the recent bilateral cooperation efforts between his country and Russia are contributing to rendering U.S.-established sanctions useless at a global level. The official noted that many other countries are also...
Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar
12.4.2023
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini...
Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet
11.4.2023
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current...
Steam Crackdown Hits CS:GO Player With $500K In Skins
11.4.2023
Steam is often a free-for-all when it comes to game curation and content moderation, but the Valve-owned storefront appears to be on the march against spam commenters, especially those pestering other users about Counter-Strike: Global Offensive skin trades. A number of players have recently said...
US share of global crypto developers fell 26% in 5 years — a16z
11.4.2023
In 2018, nearly 40% of all crypto developers were based in the United States, whereas in 2022, this figure had fallen to less than 30%
Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High
11.4.2023
Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high. Solana (SOL) Solana (SOL) rose by as much as 15%...
TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations
11.4.2023
PRESS RELEASE. Tokyo, Japan, April 11th 2023, Chainwire. TemDAO is a world heritage project that seeks to protect and preserve cultural assets through donations and democracy. The project, powered by the $TEM token, ensures the long-term sustainability of global cultural sites. Recently, TemDAO...
G20 countries aim to develop global framework against crypto-related risks
11.4.2023
G20 also aims to bring together global economies to fight debt distress and hyperinflation in smaller economies such as Sri Lanka and Ghana
OpenAI finds fresh support from Japan amid global country-wide bans
10.4.2023
Japan shows support for OpenAI's ChatGPT chatbot amid country-wide bans and uncertainties around the world
Biggest Movers: ADA Extends Gains, as SOL Consolidates on Saturday
8.4.2023
Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today’s session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday. Cardano...
Binance Rejects Justin Sun's Offer for Huobi Stake, Citing Suspected Chinese Connections – Here's What Happened
6.4.2023
Binance has reportedly rejected an offer by crypto entrepreneur Justin Sun to purchase his stake in cryptocurrency exchange Huobi, citing ties to mainland China.
The world's largest cryptocurrency exchange turned down the alleged proposal due to rumors surrounding Huobi’s relationships with China...
South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’
6.4.2023
The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have...
Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says
5.4.2023
The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the EU’s planned MiCA
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
ProBit Global Continues to Empower Emerging Crypto Projects With Success of IEO Platform
5.4.2023
PRESS RELEASE. ProBit Global, a top 20 cryptocurrency exchange, looks forward to continued success in launching exciting and promising crypto projects through its IEO platform, while providing its users with unparalleled profit opportunities. ProBit Global remains buoyant on Initial Exchange...
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...
S&P Global Puts Decentralized Finance at the Forefront with New DeFi Director Hire – Crypto Going Mainstream?
4.4.2023
S&P Global is on the hunt for a DeFi director to oversee its expansion into the rapidly evolving decentralized finance sector.
According to a Monday job posting on LinkedIn, the giant financial information and analytics company is hiring for a DeFi director to spearhead its expansion into...
Bitcoin, Ethereum Technical Analysis: ETH Hits 8-Month High, as BTC Nears Key Resistance Level
4.4.2023
Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $28,500. Bitcoin Bitcoin (BTC)...