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Bitcoin the inflation hedge; the prodigal child returns. (Mike Kemp/Tetra Images/Getty) The U.S. The Bureau of Labor Statistics released theconsumer price index (CPI), the âinflation number,â for June this week. So macro trends are this weekâs featured flavor since CPI wasnât exactly pretty. From the press release: âOver the last 12 months, the all items index increased 9.1 percent before...
SPONSORED Press release On June 28, 2022, the development team from the Avoteo SL released a beta version of the Avoteo crowdfunding platform according to the Road Map released at the beginning of the ICO. After a short registration process and connecting your wallet you can use the full range of the platform functions. The first users have already started...
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world. Blockchain layer 1 network5irehas raised $100 million in Series A funding from U.K.-based conglomerateSram and Mram, it said Friday. 5ire, which is incorporated in Dubai, said in a press release it plans to use the funds to expand into...
Demirors however said she certainly expects âmore pain aheadâ for tech stocks and crypto as we head closer to recession. Demirors however said she certainly expects âmore pain aheadâ for tech stocks and crypto as we head closer to recession. Bitcoin (BTC) may have further to fall, but CoinShares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach...
Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-2 network. Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-2 network. More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by...
The document is the first publication from the department to stem from President Biden's executive order on digital assets. Treasury Secretary Janet Yellen (Alex Wong/Getty Images) The U.S. Treasury Department published a fact sheet Thursday outlining how it could work with foreign regulators to address the cryptocurrency sector. Thefact sheet, which is the first report published by the department as...
Withdrawals should be resumed âshortly,â said the company, which had suspended that feature on June 17. Brazilian flag. (Mateus Campos Felipe/Unsplash) Global crypto exchange Binance resumed deposits in Brazilian reals through the government's payment system Pix on Tuesday. Brazilian realsâ withdrawals via Pix are still suspended and should resume âshortly,â Binance told CoinDesk in a statement. On June 17, the...
Major crypto exchanges reported that consumers purchased up to three times as many stablecoins over the weekend as they usually do amid a brewing economic crisis. Argentina flag. (Angelica Reyes/Unsplash) Following the resignation Saturday of Argentina's economy minister Martin GuzmĂĄn amid an economic crisis, Argentines purchased between two and three times as many stablecoins as they do on a typical...
MTIâs self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said. The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme âmisappropriatedâ all of the bitcoin it amassed. The Commodity Futures Trading Commission (CFTC)describedthe case as its âlargest ever fraud...
Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading. Investors who hodled bluechip ICOs generated sizable returns. (Cryptograffiti) Good morning. Hereâs whatâs happening: Prices:Bitcoin slogs toward $20K; ether and other cryptos slide. Insights:The performance of blue chip...
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