The Federal Reserve’s efforts to battle inflation by rising interest rates and killing demand may have limited results as long as the supply side of the inflation problem won’t be fixed, according to macro analyst Lyn Alden. “Until they actually fix the supply side of certain things, like energy especially, but commodities broadly and logistics infrastructure, until that is improved,…
Month: September 2022
Australian Federal Police Rolls Out Dedicated Crypto Unit
The Australian Federal Police has set up a dedicated unit for tracing and seizing cryptocurrency linked to criminal activity, operating as part of its Criminal Assets Confiscation Taskforce (CACT). The national manager of the CACT, Stefan Jerga, told the Australian Financial Review that the taskforce felt a standalone team was necessary to tackle the growing use of crypto by criminals,…
Toki Universe Introduces the World’s First Fractionalized NFT PFP Project With an Antique Twist – Sponsored Bitcoin News
sponsored Toki Universe Family Portrait Toki Universe, consists of Antiques NFT, PFP, and own Miniverse already in place. A brand-new project on the Ethereum blockchain created with the goal of bringing a breath of fresh air to the NFT space. The fractionalized NFT PFP project is delivering an unprecedented antique-themed NFT collection with an out-of-this-world storyline, inspired by the courageous…
Staking on Polkadot, explained
It can do — and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days — case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe… down 69%. This painfully shows why it’s important to assess your options, and consider staking…
Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge – Mining Bitcoin News
Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network…
Celsius is ready to give money back, but not much
United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch, as the motion company has filed with the United States Bankruptcy Court, would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less…
How Crypto-Friendly Is Britain’s New Prime Minister Liz Truss?
Following a wave of scandals, Boris Johnson stepped down from the British premiership today and figuratively handed the keys to number 10 Downing Street to his former Foreign Secretary Liz Truss. Truss officially takes office tomorrow, having beaten former Chancellor of the Exchequer Rishi Sunak in the leadership race. While she hasn’t said much about crypto, her general beliefs about…
Bitcoin Gives Power Back To People – Bitcoin Magazine
This is an opinion editorial by Robert Hall, a content creator and small business owner. Organized labor gave power to the people to fight big business and secure their workplace rights. Bitcoin gives power back to the people to protect these rights once and for all. Labor Day is typically a time to relax with your friends and family, grill…
Liz Truss, who said UK ‘should welcome cryptocurrencies’ will be the next prime minister
After a race to be the next leader of the Conservative Party, Secretary of State for foreign, commonwealth and development affairs Liz Truss has defeated former chancellor of the exchequer Rishi Sunak to become the next prime minister of the United Kingdom. Boris Johnson, who served as the U.K. prime minister since 2019, will be on his way out of…
DOT, LINK Rise to Multi-Week Highs on Monday – Market Updates Bitcoin News
Polkadot rose to a multi-week high to start the week, as price increased for a second straight day. The token briefly broke out of a key resistance point, during Monday’s surge. Chainlink also moved to its highest point in nearly two weeks, with the token now trading nearly 13% higher in the last seven days. Polkadot (DOT) Polkadot (DOT) was…