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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...
Bank of America Sees Support for Bitcoin Rally as Personal Wallet Hoarding Increases
12.4.2023
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA). ...
Read More: Bank of America Sees...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say
7.4.2023
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes...
Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate
25.3.2023
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin...
Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge
21.3.2023
Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute...
NFT wash trading increases by 126% in February: data
20.3.2023
The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume which hit $1.89 billion in February
Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year
16.3.2023
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases...
Argo increases Bitcoin production despite BTC difficulty growth
7.3.2023
Argo’s daily Bitcoin production rate in February surged 7% despite a 10% month-over-month increase in average network difficulty
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...