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New York Fed Survey Shows Inflation Expectations Highest Ever Recorded


American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing...

Forex Shortages Force Nigerian Corporates to Turn to Parallel Market


Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...

What Does the Bitcoin Decreasing Hash Rate Indicate?


Altcoins altered the market sentiment along with the rise of Ethereum as they surpassed Bitcoin for the first time in history. ETH surpassed BTC on the total number of active addresses for the first time. This surely is triumphant news for Ethereum supporters but what could it mean to the Bitcoin...

Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners


Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra...

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