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US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth
10.2.2022
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Volatile as US Inflation Hits 40-Year High
10.2.2022
Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released. Bitcoin Bitcoin started the day in the green, hitting the $45,000 mark in the process, however as the U.S....
Bitcoin rejects sell-off as 7.5% US inflation fails to keep BTC down for long
10.2.2022
Bitcoin outsmarts bears as $1,800 losses turn to even stronger gains on the start of Wall Street trading
US Inflation Hits 7.5%, More Than Expected
10.2.2022
Inflation in the world’s largest economy reached 7.5% year-over-year for January, coming in well above analysts’ expectations.
The change in consumer price index (CPI) since last month came in at 0.6%, above the 0.4% expected. Meanwhile, the so-called Core CPI, which excludes food and beverages...
Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes
7.2.2022
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar....
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela...
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions
5.2.2022
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions...
Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound
5.2.2022
Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
4.2.2022
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press....
Fiat Fears Intensify as Turkey's Inflation Runs Wild; Citizens Turn to Bitcoin, Tether
3.2.2022
The Turkish lira took another battering last month, with January inflation hitting a whopping 48.7% – leading some crypto advocates to point the finger at the ultimate failure of central banks’ monetary policies....
Read More: Fiat Fears Intensify as Turkey's Inflation Runs Wild; Citizens Turn...
The US Federal Reserve is making some analysts bullish on Bitcoin again
3.2.2022
Recent U.S. economic data could spoil the Fed's hawkish plans for 2022
Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News
2.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
1.2.2022
Despite the large burn value, the network is still inflationary until its PoS transition scheduled for Q2 or Q3
Bottom ahead? Solana paints its first 'death cross' as SOL losses 50% in January
31.1.2022
Recently, death crosses between the 50-day and 200-day exponential moving averages have acted as a reliable predictors of bottoms
Digital Denarius: How a crypto revolution could have saved the Roman Empire
30.1.2022
As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation?
Bitcoin to Hit USD 93K This Year, According to Less Optimistic Survey
28.1.2022
Bitcoin (BTC) could rise to a high of USD 93,000 or more this year, and close to USD 193,000 by the end of 2025, a panel of industry players gathered by comparison website Finder predicted. However, they were less optimistic than in October.
By averaging out responses from the panelists, Finder...
Bitcoin 'Doji' points to bullish reversal scenario as BTC holds $36K support
28.1.2022
BTC is more than 50% down from its $69,000 all-time high and traders seem to have no clue about the digital asset’s next direction
Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound
26.1.2022
MATIC price secured a near 40% gain as crypto market sentiment improves in the wake of a notable $250 billion relief rally
Boom or bust? Is there a way for Bitcoin price to hit $100K in 2022?
25.1.2022
BTC price took an unexpected bearish turn in January, but are there any catalysts that could support a run to $100,000 in 2022?
IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’
21.1.2022
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic...
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’
20.1.2022
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects...