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Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk
18.8.2023
Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures
CME Group to launch BTC, ETH reference rates aimed at Asia's investors
17.8.2023
CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region
Increased Interest Rates Drive Maker Protocol's Revenues to 2-Year High of $165 Million
15.8.2023
The annualized revenue generated by the popular decentralized finance (DeFi) protocol Maker has risen to over $165 million, representing a 2-year high.
The strong development in revenue could be seen in data from Makerburn.com, which at the time of writing also showed that revenue had surpassed...
Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year
15.8.2023
Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts...
BTC price breakout by end of August? 5 things to know in Bitcoin this week
14.8.2023
Bitcoin stays frustratingly quiet after the weekly close, but BTC price forecasts are giving ever-shorter breakout deadlines
Peter Schiff Warns Investors of 2 ‘Huge Surprises’ — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy
13.8.2023
Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too high for the Fed to “stimulate” with...
IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...
Here’s what happened in crypto today
11.8.2023
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
5 things crypto must get right for mainstream adoption to happen
11.8.2023
Mainstream crypto adoption will require an enormous effort, and it’s still likely to be several years away
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
10.8.2023
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This...
PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
9.8.2023
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory
Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending
9.8.2023
A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike...
Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets
8.8.2023
In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the abrupt escalation in rates. Hedge Funds Place Bold Wagers...
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
7.8.2023
Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
7.8.2023
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience
5.8.2023
JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024....
Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether
5.8.2023
A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said...
U.S. Added 187K Jobs in July, Missing Estimates for 200K; Bitcoin Slips to $29,100
4.8.2023
The unemployment rate TKTK to 3.X% versus estimates for 3.6%