Cryptocurrency experienced a brutal crash in June. The market experienced a downturn affecting major coins such as Bitcoin and Ethereum, as well as a broader market correction. Bitcoin (BTC) collapsed by more than 37% and recorded its worst monthly performance since 2011. Macroeconomic factors such as inflation and a looming global recession brought uncertainty to …
The Federal Reserve has hiked rates for the fourth consecutive time this year after the Consumer Price Index revealed that inflation hit a new 40-year high of 9.1% in June. The U.S. Bureau of Labor and Statistics said that gasoline, shelter, and food price increases were the biggest contributor to the rise. In response to …
Risk On Assets Jump On Federal Reserve Rate Hike Read More »
The International Monetary Fund has downgraded its economic outlook amid concerns the global economy could be headed toward a recession. This marks the second time the IMF has downgraded its outlook in three months. This recent revision comes as the world’s three largest economies, The United States, China, and The European Union, experience higher than …
IMF Downgrade Global Growth And Give Commentary On Crypto Read More »
Ethereum is the second largest cryptocurrency in the world after Bitcoin and is a massive and well-known network in the crypto space. Originally created as a financial operating system, Ethereum has expanded to a full societal network and ecosystem that has transformed the way we look at the blockchain. Over the past few months, macro …
Although the Fed signals additional rate hikes, traders and hedge fund managers forecast that the Fed will cut interest rates in 2024 due to stagflation concerns in economies across the world. This projected cut also coincides with the halving of Bitcoin, where the per block reward of 6.25 BTC will be reduced to 3.125 BTC …
The price of Tether(USDT) has remained somewhat constant despite the crash in the wider crypto market. Tether is a stable coin that is pegged to the value of USD and catered to investors looking to move funds across cryptocurrency exchanges without volatility or having to convert to fiat currency which will incur additional time and …
The price of Ethereum (ETH) has tumbled along with the crypto market in anticipation of rate hikes, inflation, and recession rhetoric echoed by the mainstream media. ETH has fallen from $4812 to $1205, a 75% drop since its peak in 2022. Most importantly, ETH appears to have bottomed out, as 51 percent of the current …
Cryptocurrencies are used for a variety of different purposes. Some cryptocurrencies act as digital money that holds value or is even pegged to other currencies. Others act as the power for systems such as blockchains or protocols that offer decentralised data storage. Regardless of their intended purpose, Crypto usually struggles with scalability issues that often …
Dash was created in 2014 and is one of the most popular hard forks of Bitcoin. Beginning almost five years after Bitcoin as Xcoin, being rebranded as Darkcoin, then ultimately DigitalCash or DASH, the coin was created to improve upon the original Bitcoin blockchain and provide safer and faster transactions across the globe. Cryptocurrencies such …
Although the nature of cryptocurrency and blockchain technology is a decentralised ecosystem, all crypto still relies on storage, websites, and application interfaces. Today, the entire internet we use is controlled by a small number of technology giants such as Google, Amazon, and Meta. They have the ability to control what is on and off the …
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