Leading cryptocurrencies in Bitcoin and Ethereum continued to dip following the release of the U.S. Bureau of Labor Statistics consumer price index (CPI). The index is often used as a barometer for measuring inflation throughout the American economy. It tracks the rate of change for prices in things like gasoline, used cars, apparel, and other items. The biggest cryptocurrency by…
Meta’s metaverse aspirations haven’t fared well for the tech giant, as the firm wiped out nearly five years’ worth of market cap in just 10 months of 2022. Source: https://cointelegraph.com/news/meta-s-web3-hopes-face-challenge-of-decentralization-and-market-headwinds
Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex CTO Paolo Ardoino believes. Source: https://cointelegraph.com/news/hodlers-prefer-centralized-exchanges-over-defi-for-security-chainalysis
Bitcoin was trading below $19,000 on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. In the minutes, the Federal Reserve hinted at upcoming hikes, while also acknowledging a level of surprise at the rate at which inflation has risen. Ethereum moved below $1,300 in today’s session. Bitcoin Bitcoin (BTC) was back in the red on…
As investors prepare for the latest Core Price Index (CPI) report, a barometer for measuring inflation, before the Federal Reserve’s November decision on another interest rate hike, the price of Bitcoin plunged. The leading cryptocurrency is trading around $18,718 by press time, or down 2.7% in the past 24 hours, per CoinGecko. Bitcoin last traded at these levels on September…
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto Miners and Exchanges A draft…
sponsored September has been one of the busiest months at Binance this year. Last month the world’s largest crypto exchange by trading volume kicked off the inaugural Binance Blockchain Week Paris, a three-day event exploring the best of Web3. They also expanded their ever-growing suite of products, including introducing a more user-friendly way to earn crypto passive income. Concurrently, the…
DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only at 20,000. Source: https://cointelegraph.com/news/dappradar-explains-why-it-counted-less-than-40-active-users-on-decentraland
Five people have been charged in France on allegations that they fraudulently acquired $2.5 million worth of non-fungible tokens (NFTs), mainly targeting Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) owners. The prosecution alleged that the suspects used a phishing operation to acquire the assets, luring victims via a fake website that promised to animate their NFTs,…
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady. Source: https://cointelegraph.com/news/binance-exchange-burns-547m-worth-of-bnb-tokens
