Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed â Bitcoin News
[ad_1] Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising interest rates. Wood says that the âunprecedented 13-fold increase in interest ratesâ has […]
USD Index Starts Inching Toward Highs Again, SociĂ©tĂ© GĂ©nĂ©rale Economists Say Rebound Towards 114.8 Peak âIs Not Ruled Outâ â Economics Bitcoin News
[ad_1] In 2022, the U.S. dollar has been very strong, despite the global economyâs downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at SociĂ©tĂ© GĂ©nĂ©rale notes that the index […]
30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived â Markets and Prices Bitcoin News
[ad_1] At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Furthermore, after the search […]
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment â Blockchain Bitcoin News
[ad_1] After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoopâs brand partnership manager Nick Adler joined a newly-created Gala Music advisory board, alongside the record label executive DJ EFN, […]
Current Block Times and Estimates Suggest Bitcoinâs Mining Difficulty Is About to Catapult Much Higher â Mining Bitcoin News
[ad_1] As bitcoin is coasting along under the $20K region, the networkâs hashrate is still riding high at 250.04 exahash per second (EH/s) following the all-time high (ATH) the hashrate tapped on October 5. At the time of writing, the current speed at which blocks are processed is faster than the typical ten-minute average block […]
Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4% â Bitcoin News
[ad_1] On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chainâs cross-chain bridge. The Bnb Smart Chain team detailed […]
Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second â Mining Bitcoin News
[ad_1] According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high, the networkâs total hashrate was coasting along above the 300 EH/s on Wednesday afternoon (ET) at around 303.87 (EH/s). Bitcoinâs Hashrate Reaches a Lifetime […]
Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates â Bitcoin News
[ad_1] Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewaterâs co-chief executive explained on Tuesday that âRay no longer has the final word,â in regard to the hedge fundâs future. Hedge Fund Giant and Bridgewater Associates Founder Ray […]
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid â Bitcoin News
[ad_1] According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy courtâs final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted […]
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases â Economics Bitcoin News
[ad_1] The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserveâs interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and […]