Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.” Elon Musk Explains Why He Thinks…
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This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there…
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Bitcoin price is facing a strong resistance near the USD 23,500 level. It is currently (03:51 UTC) trading near USD 23,300 and is up over 1% in a day and is unchanged in a week. Similarly, most major altcoins are attempting a fresh increase. ETH moved above USD 1,700 and might accelerate if it clears…
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Are the Whales selling in this bear market? A deep dive into the on-chain data of whales. Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency. In the case of Bitcoin (BTC), someone can be considered…
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Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to data from the World Tourism…
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Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto. Jim Rogers’ Crypto Warning Famed investor Jim Rogers shared his…
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On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and…
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Using the provably fair and verifiable random number generator provided by Chainlink VRF, smart contracts can access random values without compromising security or usability. Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the…
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Select altcoins such as FLOW, THETA, QNT, and MKR could rally if Bitcoin breaks above the stiff overhead resistance at $24,668. The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its…
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Tongtong Bee, co-founder of Panony an incubator, investor and adviser for blockchain and Web3 business. Im Tongtong Bee,…
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