As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, around 4%. The central bank,…
gm: Farokh and the Rug Radio Roadmap Meet Mr. NFT: @Farokh, who preaches daily to hundreds of thousands of NFT faithful, and is trying to building Rug Radio into a fully formed Web3 media company. Dan Roberts and Kate Irwin from the gm podcast talk to Farokh about Rug DAO and all things NFT culture. Watch and make sure to…
Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday. XRP, formerly…
The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato. In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or $1.09 billion at the time of publication — moved…
Axie Infinity (AXS) has rallied 135% month-to-date to reach approximately $14 on Jan. 23, its highest level in two months. Nonetheless, the AXS/USD pair could suffer major losses in the coming weeks owing to a flurry of negative technical and fundamental indicators. Axie Infinity price prints “gravestone” doji The AXS price formed a “gravestone doji” candlestick on Jan. 23, which…
Argo Blockchain’s stock, ARBK, has resumed trading on Nasdaq, the company announced in a Securities and Exchange Commission filing Monday morning. On December 16, Nasdaq first warned Argo it would have to suspend trading because its stock had not maintained a closing price above $1 for 30 consecutive days. “To regain compliance, the Company was required to maintain a minimum…
Though inflows into crypto products reached $37.3 million last week, more than two-thirds of that amount (68%) was into short investment products, digital asset investment firm CoinShares said in a new report Monday. Compared to the previous week, last week’s total inflows are nearly four times as high. Germany and Switzerland led inflows in Europe ($14 million and $10 million,…
Floor, the startup behind the NFT portfolio app of the same name, raised $8 million last year and claims sizable growth for its token-gated app amid the NFT bear market. The firm has now unveiled the next step in its plans to grow both its feature set and audience, announcing today that it has acquired NFT analytics platform WGMI.io. While…
Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three days ago, the co-founder of…
There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said. Source: https://cointelegraph.com/news/japan-s-fsa-expects-to-allow-certain-stablecoins-by-june-2023
