Wed, September 23

Crypto Market Reacts Positively as ECB Raises Interest Rate by 25 Bps

Key interest rates were increased by the European Central Bank (ECB) by 25 basis points (bps) at its May 4 meeting, signaling a moderating pace of policy tightening. In April, Euro Area inflation hit 7%, while the underlying rate has remained at a record high of 5.6%. Following a similar

May 4, 2023 1 min read

U.K Government to Introduce Strict Ban on Cold Calls Selling Crypto

To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly.  The UK offered 400 new jobs as a component of its new fraud strategy

May 3, 2023 1 min read

U.S Banking Crisis Continues as PacWest Bancorp Stock Falls by 27%

In the year 2023, banking has become very difficult. It all started with the failure of many major financial institutions, including Silvergate Bank, Signature Bank, and Silicon Valley Bank. The US government seized First Republic Bank earlier this week, and trading in the bank’s shares was temporarily stopped. The First

May 3, 2023 1 min read

Greedy Bitcoin Jumps 16% in 24H Amid the Ordinals and BRC-20 Trend

Bitcoin (BTC) rebounds to its 16-month-high on the Greed Index. Significantly, the optimistic BTC traders facilitated a 16% surge in the fear and greed index — from 55 to 64 — in the past 24 hours. This largest cryptocurrency displayed a 2.25% spike, surpassing the $28,600 level. After a short

May 3, 2023 2 mins read

Crypto Market Rebounces as U.S Job Openings Fell by 9.6 Million

Job opportunities in the United States dropped by 9.6 million in March, according to data from the Bureau of Labor Statistics, below market forecasts of 9.775 million. Due to increasing interest rates, job openings have dropped to their lowest level since April 2021. Bitcoin’s price shows continued volatility, as it

May 2, 2023 1 min read

Bitcoin Continues to Be the Prime Focus for MicroStrategy, Q1 Report Shows

MicroStrategy, the enterprise analytics platform disclosed its financial results for the first quarter of 2023. The company stated that its net income for the first quarter was $461.2 million, or $31.79 per diluted share. Comparatively, it reported a net loss of $130.8 million in the first quarter of 2022. MicroStrategy

May 2, 2023 1 min read

Bitcoin Turns Down Below $29K, Pointing Out Fed!

As per the instability caused by the United States banking sector, Bitcoin (BTC) fell down for consecutive four days from its peak of $30k till the last week. Also, crypto experts have predicted the fall could be because of the higher interest rates and constrained monetary policies. It is anticipated

May 1, 2023 2 mins read

JPMorgan All Set To Acquire Struggling First Republic Bank

First Republic Bank (NYSE: FRC) is being acquired by JPMorgan Chase & Co (JPM.N) after extensive efforts by U.S. authorities to save the bank failed. The FRC will be seized by financial authorities in advance of the sale. However, Citizens Financial Group Inc (CFG.N) and PNC Financial Services Group (PNC.N)

May 1, 2023 1 min read

Total Number of Inscriptions Thru Bitcoin Ordinal Surpasses 2.5 Million

Saturday was the biggest day ever for Ordinals, the technology used to inscribe digital assets on Bitcoin, creating assets similar to Ethereum-based NFTs. According to a popular Dune dashboard, on Saturday there were around 223,000 inscriptions made via Ordinals. Over 200,000 inscriptions were made in a single day. A milestone

May 1, 2023 2 mins read

Bitcoin Mining Firm Bitfarms Achieves New All-time High Hashrate

Bitfarms, a firm that mines for Bitcoin has announced to investors that it has reached a new milestone as a result of its expanded operations in Argentina. A hashrate of 5 exahash per second (5 quintillion hashes per second) was reached on Thursday. Thus, setting a new record for the

April 30, 2023 1 min read