Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking sector and the broader financial landscape. Banks See Economic Storm Clouds Ahead: George Gammon’s Warning Gammon explains that […] Source: https://news.bitcoin.com/macroeconomics-expert-predicts-hard-landing-for-us-economy/
The cryptocurrency market’s rough week only got worse early Sunday, with the price of major assets like Bitcoin, Ethereum, and Solana plunging further, generating another heap of liquidations in the process. Bitcoin has fallen nearly 6% over the last 24 hours, dipping below the $58,000 mark and pushing its seven-day drop to almost 16%. Sitting as high as nearly $70,000…
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin Slides Below $59K At 1:24 p.m. EDT on Sunday, bitcoin dropped to […] Source: https://news.bitcoin.com/market-mayhem-bitcoin-crashes-below-59k-223m-in-liquidations-as-south-koreas-premium-spikes/
BTC price weakness takes the market below $59,000 for the first time since mid-July as “relentless” Bitcoin selling pressure persists. Source: https://cointelegraph.com/news/bitcoin-58k-cme-gap-8-btc-price-rout-longs-rekt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden administration’s tough stance on crypto assets. Meeting Arranged to Help Vice President Kamala Harris Mend […] Source: https://news.bitcoin.com/us-lawmaker-hosts-meeting-to-help-kamala-harris-gain-crypto-industry-support/
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate Impact of Dollar Shortage on Exchange […] Source: https://news.bitcoin.com/nigeria-acts-to-stabilize-currency-with-forex-auction/
The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States. Source: https://cointelegraph.com/news/bitcoin-price-loses-60k-maturing-wyckoff-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Maintaining your privacy and security online is more vital than ever in our increasingly online world. One of the key tools used by internet users to protect their privacy are Virtual Private Networks, or VPNs. They are commonly used by those in the crypto space to enhance their privacy while transacting in cryptocurrency—but they’re also used to skirt local laws,…
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin Fee Revenue Drops 75%, Hashrate Slides 48 EH/s […] Source: https://news.bitcoin.com/historic-drop-in-bitcoin-revenue-leaves-miners-struggling/
Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup. The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!…
