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Fed Has ‘Limited Firepower’ for Rate Hikes, Current Expectations Already Priced in for Bitcoin - CoinShares
27.5.2022
The US Federal Reserve (Fed) has “limited firepower” to raise interest rates due to high oil prices and a threat of recession -- and this could lead to higher bitcoin (BTC) prices, the crypto research and investment firm CoinShares has said. Meanwhile, others also remain positive for...
After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
27.5.2022
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money...
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
25.5.2022
Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,”...
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
24.5.2022
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.”
Coinbase 'Frequently' Asks Employees to Rate Each Other - Report
24.5.2022
Major crypto exchange Coinbase is reportedly asking employees to rate each other quite often after meetings and other interactions.
The cryptoasset company has been testing an app that asks employees to evaluate their colleagues and managers after interactions by giving them a thumbs up, thumbs...
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
22.5.2022
A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160
Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods
21.5.2022
As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A recent survey published by the American Psychological Association shows that 87% of U.S. residents...
Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
19.5.2022
A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory
China returns as 2nd top Bitcoin mining hub despite the crypto ban
17.5.2022
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Bitcoin network fortifies as mining difficulty records ATH of 31.251T
14.5.2022
BTC’s latest network difficulty all-time high makes it nearly impossible for bad actors to represent over 50% of the hash rate
Dollar Near Two Decade High as CPI Maintains U.S. Rate Hikes
12.5.2022
The greenback has moved aggressively in the market, soaring close to its highest level since 2002. The mitigating CPI rates from April gave this much-needed push. With favoring numbers from the reports, the Federal Reserve decides on aggressive policy changes to keep the momentum. While the market...
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
9.5.2022
Clouds on the horizon grow nearer as markets prepare for more inflation cues this week
Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology
8.5.2022
On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol that can unlock LHR GPU cards...
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
7.5.2022
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project...
Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%
7.5.2022
The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased...
Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’
6.5.2022
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession...
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June
6.5.2022
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point...
Controlling 17% of BTC hash rate: Report on publicly listed mining firms
6.5.2022
Mining firm Core Scientific’s hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021
Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
6.5.2022
Ether could continue dropping against the U.S. dollar in a high interest-rate environment