Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. This means that the current Bitcoin spot price — $26,050 — reflects six years of practically static BTC […]
Turkey’s Central Bank has increased its key interest rate to 25%, more than the 20% that economists expected. Following the news, the Turkish Lira has gained slightly against the Dollar and the Euro.The aggressive move comes as a shock to observers, as the previous primary policy rate stood at 17.5%. The hike indicates that Turkey […]
SIM swap attacks have become a major concern in the cryptocurrency landscape, causing losses that have surpassed an alarming rate in the last few months. These attacks specifically target individuals believed to have significant cryptocurrency holdings, and have led to a theft of $72 million in 2022. In May 2023, Blockchain Capital’s Founder, Bart Stephens, […]
On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Dan Rosen, associate director of derivatives at Luxor, a United States-based Bitcoin mining pool, research hub and service provider. The show discussed the upcoming Bitcoin halving and its potential impact on BTC price, Bitcoin’s volatility, and miners’ ability to hedge their operations […]
Chainlink (LINK) price has dropped 4% on Aug 24, following a broader crypto market correction. The drop appears to be influenced by macroeconomic catalysts, such as Jerome Powell’s economic outlook at the annual Jackson Hole symposium and the Federal Reserve Bank of Boston President Susan Collins’s signal of more rate hikes.From a fractal standpoint, Chainlink’s […]
The global economy is facing a new challenge as central banks attempt to combat post-pandemic inflation. As a result, balance sheets are shrinking, leading to a decrease in the amount of money available to businesses and consumers. This could have a significant impact on the global economy, as it could lead to a decrease in […]
Nvidia’s stock prices reached a new record high on Aug 22, resulting in a surge in crypto tokens associated with artificial intelligence projects. The profits were largely from Nvidia’s AI unit, with revenue of its data center unit spiking by 171% YoY to reach $10.32 billion in Q2 2024.The market cap of the AI and […]
Binance, a cryptocurrency exchange, has announced that it will be discontinuing its crypto-backed debit card in Latin America and the Middle East. The card has been in use in Latin America for one year, having been rolled out in Argentina last August and in Brazil in January. The card allowed customers to use their crypto […]
John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the US Securities and Exchange Commission (SEC) for orchestrating a cryptocurrency scam that targeted law enforcement officers. DeSalvo allegedly raised $623,388 from 222 investors between November 2021 and May 2022 through his own digital currency, the Blazar token.DeSalvo […]
FTX, a crypto platform founded by Sam Bankman-Fried, has been struggling since November 2022, causing other crypto companies such as Celsius and Voyager to collapse. John J. Ray III took over operations and promised to guide the company through bankruptcy and maximize recoveries for stakeholders. Court documents revealed FTX’s blueprint for a strategic “management and […]
