The premier source of real-time financial data, Truflation, has announced that The Big Mac Index has expanded to include 15 more nations, with its total now standing at 17. Since its launch, this internationally renowned economic indicator has been a crucial resource for comprehending currency value and Purchasing Power Parity (PPP).
Ethereum has had a tough month, witnessing a 26% decline over the past 30 days, with its price dipping below the $2,111 range. Currently, the second-largest cryptocurrency is trading at $2,579, reflecting a 3% decline, and its trading volume is down by 2%. Despite this downturn, whale activity and network
The U.S. presidential campaign this year has turned into a dramatic spectacle, with significant implications for global markets. As President Biden steps down, Vice President Kamala Harris has stepped in, facing a formidable challenge from Donald Trump, who is running an aggressive campaign. Interestingly, cryptocurrency has emerged as a central
Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital
While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest
After a long period, US Federal Reserve (Fed) policymakers are considering a rate decrease in September, shifting gears from maintaining rates constant to cutting rates. Neel Kashkari, president of the Minneapolis Federal Reserve, has confirmed that September is a suitable time to discuss potential Fed rate decreases. Bitcoin investors are
The Twitter account of Luigi D’Onorio DeMeo, Chief Operating Officer of Ava Labs, was allegedly compromised by hackers. The breach became apparent when posts appeared on his official account promoting a newly launched Pokémon-themed memecoin associated with DeMeo. The posts were later removed. The posts, which have since been deleted,
Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in the market. The recent sentencing of Sam Bankman-Fried for the FTX collapse is a similar example. In the last week, a particular investor
This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by Fed Chair Jerome Powell. Given its potential influence on investor sentiment, the FOMC Minutes will certainly affect the mood of the market. The wider community also
The Shiba Inu ecosystem’s Shibarium is undergoing a massive transformation. The creators of the memecoin project have finally released the ShibTorch, a gateway for the automated burning of SHIB, after months of conjecture. The deployment of the auto burn function is one of the long-term pledges made by the ecosystem
