Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier […] Source: https://news.bitcoin.com/argentina-records-first-week-of-zero-inflation-in-30-years-milei-claims-hes-redefining-economic-theory/
Month: June 2024
Tether’s slowdown in supply points to cooling crypto activity
As of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May. Source: https://cointelegraph.com/news/tether-slowdown-supply-cooling-crypto-activity
CoreWeave expands Core Scientific computing deal by $1.225B
Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities. Source: https://cointelegraph.com/news/coreweave-expands-core-scientific-deal-1-225-billion
Is the Bitcoin Bottom In? Here’s What Experts Say
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports On the rollercoaster ride that’s Bitcoin’s price, crypto-market participants may be wondering if the latest dip was stomach-churning enough, as the asset ratchets back up to…
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […] Source: https://news.bitcoin.com/analysis-of-long-term-diamond-hand-bitcoin-holders-reveals-market-insights-glassnode/
VanEck Filing Suggests Ethereum ETFs Are Only One Week Away
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A new regulatory filing from VanEck signals that the U.S. Ethereum ETFs could only be a week away from launch, according to one expert. The $89…
Ethereum futures markets suggest rally to $3.7K is highly unlikely
Analysts warn that a spot ETH ETH approval might not produce the bullish price outcome that many traders expect. Do futures markets agree? Source: https://cointelegraph.com/news/ethereum-futures-markets-suggest-a-rally-to-3700-is-slim-to-nothing
Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […] Source: https://news.bitcoin.com/tether-announces-shift-to-community-driven-support-regarding-usdt-in-eos-and-algorand/
Rep. Matt Gaetz Introduces Bill to Allow Federal Tax Payments in Bitcoin
In a move that could impact the intersection of cryptocurrency and government finance, U.S. Representative Matt Gaetz has introduced a bill that would allow Americans to pay their federal income taxes using Bitcoin. The proposed legislation, introduced in the House of Representatives, aims to amend the Internal Revenue Code of 1986 to accommodate this new payment method. The bill, if…
Trading for TAO, TRAC and OSMO starts June 25
We’re thrilled to announce that Bittensor (TAO), OriginTrail (TRAC) and Osmosis (OSMO) are now available on Kraken! Funding and trading TAO, TRAC and OSMO funding starts now and trading will be live on June 25. Add your token to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Make sure to deposit your tokens into the…