David Solomon, CEO and chairman of Goldman Sachs, forecasted that the Federal Reserve would not decrease interest rates this year. Since it is a highly volatile asset, Bitcoin reacts quickly to shifts in the economy as a whole. The global financial market is seeking solutions to wide questions, and David
The minutes from last week’s Federal Reserve meeting and Nvidia’s massive earnings release will be the economic highlights. Markets might be somewhat swayed by news on consumer inflation predictions and global manufacturing and services indices. A first occurred last week when the DJIA, the U.S. stock market index, surpassed the
The financial markets were elated by the announcement of the U.S. Consumer Price Index (CPI) statistics this week. It seemed like inflationary pressures could be receding. The report prompted a strong reaction from BlackRock’s Chief Investment Officer (CIO) of Global Fixed Income and Head of Global Asset Allocation, Rick Rieder.
Ethereum (ETH) has been on a rollercoaster ride since the last bull run in March 2024, with the price down nearly 30% and struggling to sustain above the crucial $3,000 mark since May 2024. However, the bulls have shown some mercy, and ETH has managed to reclaim this region, currently
After the FLOKI DAO approved a major token burn proposal, the meme coin FLOKI saw a large spike of around 6% today. The FLOKI community is filled with confidence due to this event and other recent large listings and exchange integrations, which might mean that FLOKI’s rising trend will likely
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the
Tether has frozen 5.2 million USDT from 12 Ethereum addresses linked to phishing groups. These addresses are tagged as USDT-banned addresses by MistTrack. It is an anti-money laundering tracking system developed by SlowMist AML, and used in on-chain analytics to trace illicit funds. Historically, stablecoin issuers ban suspicious addresses for
Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target
Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of
