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Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
16.8.2022
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local...
Upland Sustains Mass Market Readiness With All-Inclusive Economy
12.8.2022
Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due...
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’
10.8.2022
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed
6.8.2022
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall...
Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices
5.8.2022
The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban...
Bitcoin’s Mining Difficulty Rises for the First Time in 57 Days, BTC Hashrate Slipped 1.7% Lower in Q2
4.8.2022
The mining difficulty tied to the Bitcoin network increased for the first time in 57 days, rising 1.74% higher than the last two weeks. Meanwhile, Bitcoin’s hashrate has been below average as the network’s computational power is down 1.7% lower in the second quarter than in Q1 2022....
Bank of England Raises Interest Rate by Most Since 1995
4.8.2022
The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year
Tether supply starts to increase after three-month decline
2.8.2022
The Tether printers have been fired up again as the USDT circulating supply has started to tick up
Bitcoin miner capitulation due to end amid 1st difficulty increase since June
1.8.2022
It may be as soon as August that miners start returning, and difficulty is already planning an uptick
US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%
31.7.2022
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution...
Why Is Alchemy Pay (ACH) On The Rise?
30.7.2022
PRESS RELEASE. July has seen a jump in crypto prices, and none more so than the utility token of Alchemy Pay, ACH. ACH saw a 43% increase in just 24 hours on July 20th, making it crypto’s biggest gainer. ACH has also broken into the TOP 10 most searched tokens on almost every crypto site...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day
29.7.2022
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
27.7.2022
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes...
Core Scientific to increase ASIC server capacity by 75 MW
26.7.2022
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational
Bitcoin and Ethereum Erase Weekly Gains, Altcoins Increase Losses
26.7.2022
Bitcoin price extended losses below the USD 22,500 level and declined below USD 21,500. It is currently (03:58 UTC) trading just below USD 21,200 and is down over 3% in a day and 5% in a week.
Similarly, most major altcoins are moving lower. ETH traded below the USD 1,450 support level. XRP might...
CFTC will remodel LabCFTC, education office to increase regulatory efficiency
25.7.2022
CFTC chair Rostin Behnam spoke at a webinar about how the agency, even lacking broad authority, is trying to keep up with rapid developments in financial technology
Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says
24.7.2022
The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto...
Traders Withdraw $3.6 Billion in Ethereum From Crypto Exchanges in 17 Days
23.7.2022
The pencilled-in preliminary date for The Merge, revealed by the Ethereum developer Superphiz, is less than two months away and the announcement seemingly caused a number of developments to happen. First off, the network’s native token ether saw a significant spike in value and secondly...
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals
19.7.2022
The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately 23.3...
Dubai Crown Prince Launches Metaverse Strategy — Fivefold Increase in Blockchain and Metaverse Companies Envisioned
19.7.2022
A master plan that aims to see the number of Dubai’s blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the kingdom’s Crown Prince Sheikh Hamdan. Known as the Dubai Metaverse Strategy, the plan also seeks to create 40,000...