Bitcoin digests US 'nightmare' CPI, jobs data as $60K hangs in balance
Bitcoin arguably stands to benefit from macro data upheaval as US CPI and jobless data diverges in a “nightmare” for the Federal Reserve.
Related Posts
Netflix bans crypto commercials on ad-based streaming service: Report
Desperate to boost revenues, Netflix announced in July that it would be launching a cheaper subscription tier that features commercials. 2471 Total views 69 Total shares Streaming giant Netflix has reportedly banned cryptocurrency-related commercials on its ad-supported subscription tier, which is scheduled to launch in November months ahead of schedule. Citing local sources, The Sydney Morning…
Binance’s Trust Wallet Hits 5M Users, Expands DeFi Services
Binance owned Trust Wallet has hit a five million user milestone, it is now delving into the DeFi sector. 1408 Total views 15 Total shares Crypto giant Binance acquired Trust Wallet two years ago today. In that short space of time, the service has managed to amount 5 million users, and it is now expanding…
US Air Force taps SIMBA Chain to develop budgeting and accounting system
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. 264 Total views 3 Total shares For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance…
Miner Survivability Post-Halving: A Hash Rate Comparison
The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as there was four years ago, up 125 exahashes from 1.4 exahashes.After the last halving in 2016, 16nm chips were first hitting the…
RSK launches Powpeg, a trustless Bitcoin bridge architecture
The pegging process no longer relies on functionaries holding custody of bridged funds. 469 Total views 5 Total shares Bitcoin sidechain RSK launched a new bridge protocol called Powpeg, which will facilitate a trustless connection between Bitcoin (BTC) and RSK’s wrapped version of it, called RBTC. The system marks the first time that a Bitcoin sidechain…
Survey: US Investors That Sold BTC Lost $1.7 Billion, Many Don’t Intend to Deduct Losses
Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal finance company Credit Karma published on Jan. 15.The survey was conducted by research firm Qualtrics for Credit Karma, and surveyed 1,009 American BTC investors over the…
Crypto Lending Platform Compound to Start Distributing Tokens
The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. 1535 Total views 38 Total shares Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound,…
What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip
Bitcoin traders get none of the volatility they hoped for, and BTC price slowly drifts back to intraday lows. 287 Total views 3 Total shares Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events.BTC/USD 1-hour chart. Source: TradingViewBitcoin: "Rangebound until proven otherwise"Data from Cointelegraph Markets