U.S. CPI data for the month of July shows an 8.5% inflation rate from a YoY perspective. Market expectations suggested inflation would fall from 9.1% to 8.7% in July.Bitcoin claimed $24,000 following CPI data release. Consumer price index (CPI) inflation data shows a year-over-year (YoY) increase of 8.5% for the month of July as bitcoin overtakes $24,000. During the month…
Climate change has become an important issue over the years due to concerns over environmental changes caused by the emission of greenhouse gasses into the atmosphere. Conversations have even reached the crypto space, and blockchain technology is being considered a potential tool to reduce carbon emissions. Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) that use the proof-of-work (PoW) mining algorithm have…
In the 13 years of its existence, Bitcoin has risen from obscurity to $1 trillion highs, settling over $60 trillion in total transfer volume along the way. Despite these feats, Bitcoin’s decentralized design limits it to a mere 7 transactions per second. In times when demand to use the network exceeds 7 transactions, users experience long wait times and fees…
Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was once again trading below $24,000…
Decentralized finance (DeFi) protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a DNS hijacking incident. The automated market maker warned users not to use the front end of its website on Aug. 9 after the incident was flagged online by a number of members of the wider cryptocurrency community. While…
Blockchain sleuthing firm Elliptic has launched a new risk analytics tool to track and screen cryptocurrency movement across multiple blockchains. Founded in 2013, London-based Elliptic helps crypto businesses and financial institutions to meet their AML (Anti-Money Laundering), CTF (Counter-Terrorism Financing), and sanctions compliance obligations. If users move their cryptocurrency from one blockchain to another using a bridge, it can be…
Tropic Square is launching a prototype for an open-source security chip which are used in bitcoin hardware.Being open-source will allow the company to make improvements based on community and expert feedback.The first customer will be Trezor Company, a hardware wallet company. Tropic Square, a startup backed by Satoshi Labs dedicated to the open-source development of processing chips, is beginning production…
An innovation using the cellular network (GSM) could onboard millions of Bitcoin (BTC) users previously unreachable by the internet-dependent Bitcoin protocol. Built by South African developer Kgothatso Ngako, the new SMS-based service is named Machankura, a slang South African word for money. KG, as he’s known to his friends, spoke to Cointelegraph from Pretoria, South Africa, about his fascination with Bitcoin…
Motiv Inc., has announced the launch of 16 circular bitcoin economies in Peru.The company develops educational resources teaching underdeveloped communities how to use bitcoin to create their own economies. Many communities in Peru are separated from central banking but the region has 80% smartphone penetration, making room for bitcoin adoption. Motiv Inc., a non-governmental organization (NGO) dedicated to creating bitcoin…
Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations, and other creative assets. Creators utilizing the Omniverse Kit, along with apps such as Nucleus, Audio2Face and Machinima, will be able to access the new upgrades. Nvidia…
