In an unexpected turn of events, the U.S. inflation rate in September exceeded previous estimates, causing a stir in the financial markets. The U.S. Bureau of Labor Statistics reported a 3.7% annual increase in the Consumer Price Index (CPI), according to the most recent data. Despite a slight drop in core inflation from 4.3% to […]
Unforeseen Surge in U.S. Inflation: Market Implications and Predictions Read More »
In the recent week, the cryptocurrency market noted significant movements, with XRP, a prominent player, recording six consecutive days of price depreciation. Alongside XRP, Solana also experienced a downward trend, gravitating towards a $21.00 floor. The downturn coincided with the global cryptocurrency market cap's 1% decline in the latest session. The Continuous Decline of XRP
XRP and Solana Experience a Downtrend in Market Prices Read More »
In today's volatile trading session, Bitcoin (BTC) slid into a ten-day trough. With the ongoing legal proceedings involving Sam Bankman-Fried (SBF), and the imminent release of the U.S. Producer Price Index – a critical inflation indicator – the crypto market is witnessing a decline. The SBF Trial and Its Impact on Bitcoin Bitcoin, the world's
Digital Shovel, an industry frontrunner in Bitcoin mining infrastructure, has recently unveiled the next generation of its MiniPOD series. The S300 MiniPOD is a modular cryptocurrency mining datacenter that not only elevates the design of its precursors but also enhances various facets of its installation and operation, redefining the concept of a portable mining container.
The powerhouse of the financial world, Standard Chartered, recently published an investor's memo hinting at a significant rise in Ethereum's value. The bank's lead on forex and crypto research, Geoffrey Kendrick, and his analytical team have forecasted that Ethereum could reach a staggering $8,000 by 2026. They attribute this predicted surge to Ethereum's dominance in
Ethereum’s Potential Boom to $8,000 by 2026 According to Standard Chartered’s Analysis Read More »
Ethereum's recent transition from a deflationary to an inflationary model has observed a slight increase of 0.178% in the past 17 days. In this timeframe, the network expanded its total supply by adding 22,502 ether, worth approximately $35.31 million. Ethereum's Escalating Inflation Spurred by Dwindling Onchain Activity Prior to the recent change, Ethereum was predominantly
Long-standing cryptocurrency investors are persistently purchasing Bitcoin (BTC), amassing around 50,000 coins per month, valued at a staggering $1.35 billion. This data is drawn from the most recent onchain report by Glassnode, a renowned blockchain analytics firm. These purchases are causing a tightening in Bitcoin's supply as the larger digital asset market remains largely inactive
Long-Term Investors Accumulate Bitcoin Amid Stagnant Altcoin Activity Read More »
Sam Bankman-Fried, the past CEO of FTX, is currently in the midst of a fraud case. The accusation? Instructing staff members to misuse FTX client resources and obscuring financial vulnerabilities from lenders. This revelation came to light during a hearing from Caroline Ellison, the former CEO of Alameda Research. The Unraveling of Deceit: Caroline Ellison's
The Alleged Misappropriation of FTX Client Funds: Insights from Former Alameda CEO Read More »
The recent cryptocurrency market trends paint a picture of volatility with Polygon (MATIC) witnessing a downward trend for the fourth day in a row, hitting a ten-day low. Meanwhile, Cosmos (ATOM) displayed a strong rebound, bouncing back from its lowest point since mid-September. A Closer Look at Polygon's (MATIC) Performance Polygon (MATIC) continued its recent
Cryptocurrency Market Analysis: A Deep Dive into Polygon and Cosmos Read More »
Bitcoin's hashrate has reached an all-time high, hitting a record 440 exahash per second (EH/s) according to the seven-day simple moving average (SMA). This surge arrives as the countdown to the next block reward halving continues, with less than 200 days until the highly anticipated event. The hike in difficulty, which has seen a 0.35%