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A direct conflict between Iran and Israel could have far-reaching financial implications, possibly even leading to a worldwide recession, according to economists at Bloomberg. They predict the consequences of such a conflict would include skyrocketing oil prices and a drastic drop in risk assets, which would significantly hinder global economic growth and elevate inflation. They […]

Recent findings reveal a trend in the cryptocurrency market where bitcoin investors are shifting from being long-term holders to short-term speculators. This trend signifies a potential recovery from the extended bear market that the cryptocurrency landscape has been experiencing. An Overview of The Transition from Long-term Holders to Short-term Speculators A report from the onchain

The Vice President of El Salvador, Felix Ulloa, recently shared his insights on the crucial role that bitcoin's adoption as legal tender has played in the country's economic revival. He believes that this strategic move has not only attracted cryptocurrency-related investments to the nation but has also lured a significant number of tourists. Bitcoin –

The world of cryptocurrencies witnessed a dramatic turn of events due to a misleading report claiming the approval of Blackrock's IShares spot bitcoin exchange-traded fund by the U.S. Securities and Exchange Commission (SEC). This false news led to the liquidation of short positions worth $78.92 million, constituting 57% of the total $136.29 million short positions

Grayscale's Bitcoin Trust, also recognized as GBTC, has recently experienced a remarkable transformation in its market dynamics. As of January 2023, GBTC was trading at a substantial 48.31% discount to its net asset value (NAV). However, this gap has now contracted to 16.59%, reflecting shifts in market sentiments and having potential repercussions for investors. GBTC's

The market scenario for stablecoins has not shown considerable growth over the past two months, with the total market cap barely surpassing $123 billion by the third week of October. The global crypto economy currently sees 22.96% of its trading volume in stablecoin transactions, a significant decrease compared to 74% just the day before. This

The Reserve Bank of India (RBI) is broadening its horizons in the digital currency arena. It is now piloting a second use case for its Central Bank Digital Currency (CBDC), this time concentrating on the call money market. The RBI has future plans to broaden the scope of its e-rupee trials to encapsulate the whole

Bitcoin, the world's leading cryptocurrency, experienced a dip below the $27,000 mark on Thursday, preceding the imminent inflation report from the United States. The anticipated consumer prices for September are projected to have increased by 3.6%, a decrease of 0.1% from the previous month. Concurrently, Ethereum plummeted, reaching a low not seen in several weeks.

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

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.