Following a unanimous vote, the Federal Reserve decided to hike interest rates by 75 basis points marking the fifth consecutive time rates have been raised and the third by this amount. This announcement from Chairman Jerome Powell Wednesday was a widely anticipated rate hike in response to hawkish inflation. This decision to hike rates again …
Federal Reserve Makes 5th Consecutive Rate Hike Sending Markets Lower Read More »
Global cryptocurrency prices are once again in the red this morning, with the worldwide crypto market cap down by 2.38%, falling to $938.18 billion. In addition, the total cryptocurrency market volume is down 9.97% from Tuesday’s levels, currently standing at $66.60 billion. Extreme volatility has been plaguing the market since the beginning of the year. …
Market Wrap BTC, ETH, XRP, BNB, SOL | Opensea Launch New Marketplace Read More »
The Ethereum Merge was one of the most highly anticipated events in the crypto world for the past few years. Now that Ethereum has successfully and smoothly completed its merge and transition from a proof-of-work blockchain to a proof-of-stake one, many Investors are wondering what caused the second-largest cryptocurrency in the world to lose 25% …
Ethereum Merge | “Buy The Rumor, Sell The News” Read More »
Instead of letting COVID stop him in his tracks, Community Labs’ founder, then high school student, Tate Berenbaum began creating software and developing tools on the Arweave platform during the pandemic. Now 19 years old, Berenbaum has developed a blockchain-like platform to store permanent data. Although it is technically not a blockchain, Arweave is software …
Although July brought a decline in Inflation data and signaled that the United States might have made progress in its fight against inflation, the data for August Inflation destroyed those hopes. According to the Consumer Price Index, U.S. inflation and the price of goods have risen 8.3% since last year and 0.1% on a month-to-month …
Crypto Market Falls Following Higher than Expected Inflation Data Read More »
Audius is a decentralized music platform that revolutionizes the music streaming industry by bringing it onto the blockchain. The platform aims to fix the issues of ownership and third parties standing between artists and their audiences that plague the music industry. Audius has created an ecosystem for artists to interact with fans and node operators. …
Can A Tik Tok Partnership Save Audius From A Horror 2022? Read More »
FTX is a Bahamian cryptocurrency exchange launched in 2019 and headed by CEO Samual Bankman-Fried. The firm separates itself from other massive cryptocurrency exchanges in the space as It is a crypto derivative exchange built to offer futures, leveraged tokens, and OTC trading alongside more common digital assets. The exchange is backed by Alameda Research, …
FTX Partners With GameStop As SBF Spreads His Wings Read More »
Ethereum’s long-anticipated shift from its current Proof-of-Work to a Proof-of-Stake consensus mechanism known as The Merge is expected to occur in the next week. Although the shift will significantly reduce the environmental impact of confirming transactions using PoW, it will also put an end to Ethereum Mining. Ethereum miners use specialized equipment to operate nodes …
Ethereum Classic Benefits as Miners Search for New Home Read More »
The Bellatrix upgrade went live on the Ethereum network’s consensus layer known as the Beacon Chain. This hardfork was launched on Tuesday at epoch 144,896 and brought the Ethereum network one step closer to its long-anticipated merge and complete transition from a proof-of-work consensus mechanism to a proof-of-stake one. Ethereum’s core developers have been promising …
Ethereum Completes Crucial Update Ahead of The Merge Read More »
The world’s most prominent cryptocurrency exchange by volume, Binance, has announced plans to remove the world’s second-largest stablecoin, USDC, from its platform, and it’s not because it lost its peg. USDC is the second largest stablecoin in the world and has a market value upwards of $52 billion. Since USDC was created in 2018 by …
Binance Will Block USDC | Nigeria’s Plans To Create Virtual Free Zone Read More »
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