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Search Results for: inflation

Taki Games and Two3 Labs Unveil ‘Puzzle Smoofs’ for Web3 Mainstream Push

In order to develop and release a highly addictive mobile game that makes use of the well-liked Smoofs NFT collection, Taki Games, a leading social gaming network that lets players earn real money incentives, is collaborating with the cross-chain Web3 entertainment company Two3 Labs. The crew has been working hard

February 29, 2024 4 mins read

Binance Nigeria Witnessed $26B Flow From Unidentified Sources

In a tumultuous period for cryptocurrency exchanges in Nigeria, Binance Nigeria has come under intense scrutiny as it facilitated transactions exceeding $26 billion from unidentified sources within the past year. The digital assets platform, known for its peer-to-peer trading model, allows users to engage in buying and selling cryptocurrencies with

February 28, 2024 2 mins read

Paris Saint-Germain (PSG) Becomes Official Blockchain Validator for the Chiliz Chain

One of the most renowned and creative football clubs in the world, Paris Saint-Germain (PSG), is strengthening its connection with Socios.com, PSG’s official Fan Token partner, and its involvement in the Chiliz blockchain. As part of this collaboration, the club will actively participate in the Chiliz Chain as an official blockchain

February 22, 2024 4 mins read

Crypto-related VC funding rises by 2.5% in Q4 2023

Crypto-related VC funding increased to $1.9 billion in the fourth quarter of 2023, a 2.5% rise from the previous quarter. This is the first time  since March 2022 crypto-related VC funding has increased. This increased interest in crypto funding is due to the launch of the first spot Bitcoin ETFs

February 18, 2024 2 mins read

Bitcoin (BTC) Mining Difficulty Hits 80 Trillion Ahead of Halving

The complexity of solving the mathematical equation connected with a block, which is a measure of Bitcoin’s mining difficulty, surpassed 80 trillion on Friday. With the mining difficulty hitting 81.73 trillion, the network hash rate—which measures the total processing power allocated by miners—rose to 562.81 EH/s, a new all-time high,

February 17, 2024 1 min read

U.S January CPI at 3.1% Triggers Speculation on Fed Rate Cut Delay

Inflation came in at 3.1% in January, according to figures released by the U.S. Bureau of Labor Statistics’ consumer price index (CPI). While this was better than market expectations of 2.9%, it was below the 3.4% inflation print from December. The report has also moved the U.S Federal Reserve’s rate

February 13, 2024 1 min read

Market Anticipation Builds as Investors Await U.S CPI Data

Investors in cryptocurrencies and stocks are waiting with bated breath for the U.S. Bureau of Labor Statistics to release January’s consumer price index (CPI) inflation statistics, which might provide fresh clues about potential Fed rate reduction. After a huge influx of buyers into spot Bitcoin ETFs, the price of bitcoin

February 13, 2024 1 min read

MicroStrategy (MSTR) Soars 33% Weekly Amid Bitcoin Price Surge

Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and

February 13, 2024 1 min read

Bitcoin (BTC) Hits an All-Time High in 2024! But It’s Not What You Think

In Argentina, Bitcoin (BTC) has surged to an all-time high, reaching an unprecedented value of ARS 40,378,016 ($48,705.62), according to CoinGecko data. This surge comes amidst the country’s grappling with a severe economic crisis, witnessing the peso’s value plummeting by a staggering 99% against the U.S. dollar since the onset

February 12, 2024 1 min read