Bitcoin (BTC) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10. There have been mixed feelings on the macroeconomic side. For example, retail sales in the…
Bitso, a major Latin American cryptocurrency exchange and El Salvador’s crypto wallet assistant firm, has announced its formal launch in Colombia. As part of Bitso’s development strategy in Colombia, the exchange has hired former Mastercard executive Emilio Pardo as new country manager, the firm announced to Cointelegraph on Thursday. Pardo is former head of business development for the Andean Region…
MakerDAO, the decentralized organization (DAO) behind the DAI stablecoin, is rolling out a bug bounty program with Immunefi, the leading crypto security services platform—promising a record payout of $10 million to whitehat hackers who identify vulnerabilities in its smart contracts. With a maximum single payout of $10 million in DAI, MakerDAO’s bug bounty program claims to be not only the…
LEO fell for a second consecutive session, as crypto markets traded with higher levels of volatility on Thursday. THETA ignored this uncertainty and climbed by close to 20% today. Biggest gainers Following turbulence during today’s trading session, the global cryptocurrency market capitalisation was able to climb, and was around 1% higher as of writing. . Leading this gain was theta…
With key stakeholders taking profits and confidence in buying the dip staying high, traders who were overzealous about a quick Bitcoin rebound back to all-time high levels were punished with further price declines. Although Bitcoin (BTC) has subtly bounced since dropping below $34,000 in late January, its price is still down 20% in the last 30 days. Ether (ETH) has…
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report which shows inflation is not…
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer. The seat has become vacant in September 2021, when the then-president Eric Rosengren expedited his retirement amid a controversy around his securities trading while in office. Collins, who is Jamaican-American, will…
The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory issues of introducing a CBDC in Kenya. In a statement, the CBK has highlighted that using a CBDC might improve cross-border payments by making them more efficient and less expensive. The…
Watch This Episode On YouTube Listen To This Episode: “Bitcoin Bottom Line” hosts Steven McClurg and C.J. Wilson opened this latest episode by talking about international bitcoin adoption. Wilson asked McClurg if he believes the criticism that leaders of countries face will diminish after more countries begin to adopt Bitcoin. McClurg does not anticipate this to change and he recognized…
Bitcoin (BTC) fell immediately on the latest United States consumer price index (CPI) data on Feb. 10 in a surprise move that deflated bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Spot the Bitcoin bear trap Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dropped $1,800 after January’s CPI print came in at 7.5%. Despite being 0.2% higher…
