Only 20% of surveyed central bank reserves managers still say that inflation will be “transitory,” as the US Federal Reserve (Fed) and other central banks insisted was the case until recently. Meanwhile, close to half of the managers say inflation is likely to remain elevated, per the latest edition of the OMFIF’s Global Public Investor…
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Popular dog-themed meme coins shiba inu (SHIB) and dogecoin (DOGE) may get a boost as the former plans to expand its ecosystem with a range of new products, while the latter will reportedly be accepted as a payment method at The Boring Company’s newly-opened transit station in Las Vegas…. Read More: Shiba Inu Reveals Stablecoin…
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BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism. A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to…
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Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021. Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold…
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AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts. Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game…
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“There’s also a hugely untapped mountain of gold in gameplay possibilities with NFTs,” says Radomski. When it comes to nonfungible tokens, or NFTs, the subject is often a hit or miss for traditional gamers. While some players welcome the idea of being able to trade in-game digital collectibles for real money, others lament that NFTs…
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Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining? Crypto companies are going belly up left and right and Bitcoin mining companies also appear to be taking on water faster than they can bail. In…
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After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of…
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The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority…
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In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now…
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