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Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
1.7.2023
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation, emphasizing that the Fed “must keep their feet...
Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair
30.6.2023
U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared by the wealthy, super-wealthy, and large corporations while...
GBTC Volume Increases 79% in June Amid TradFi ETF Applications
28.6.2023
The trust’s trading volume increased to $45 million in June
Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions
14.6.2023
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion. Bitcoin Mining Difficulty Hits...
TRX’s value increases after the DAO burns an old batch of TRX
31.5.2023
TRON DAO recently announced burning its old batch of TRX, adding up to 268,971,097. The development was a part of TRON’s strategy to elevate TRX’s market value. Moreover, the move was made to improve TRON’s overall ecosystem efficiency. The DAO released an official post to inform users about...
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms
17.5.2023
This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level
Coinbase Faces Existential Risk as SEC Increases Scrutiny on Crypto
5.5.2023
The US-based crypto exchange Coinbase is facing an “existential risk” as the Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry, a financial analyst has warned.
The warning from the analyst followed renewed concerns among Coinbase investors that tokens listed...
ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says
5.5.2023
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely...
Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion
4.5.2023
BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
4.5.2023
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01...
Cathie Wood's Ark Invest Increases Coinbase Position with Back-to-Back Stock Purchases – What Does She Know?
3.5.2023
ARK Invest, Cathie Wood's investment management firm, has remained bullish about Coinbase shares despite its tanking price amid a lawsuit brouhaha.
The investment firm added more shares to its portfolio on May 1 and now holds nearly 50% more COIN shares than last month.
The source of Cathie...
The number of Ethereum sharks and whales increases
28.4.2023
Ethereum briefly touched the mark of $2,104.54 on April 18, 2023. This made the digital token one of the biggest hits in recent times. However, there is another kind of momentum gaining traction within the community. The reports show that the number of Ethereum sharks and whales is rising despite...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...
Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases
26.4.2023
Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62% since block height 778,176. Consequently, with...
Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption
25.4.2023
Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses
Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023
20.4.2023
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176....
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...
Israel’s central bank says CBDC could be issued if stablecoin use increases
18.4.2023
The Bank of Israel does not want private companies taking over the digital payments system in the country
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate
14.4.2023
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases...