In order to bring inflation down, U.S Fed Chair Jerome Powell has suggested that weaker labor markets are necessary. He issued a stern warning that the US Federal Reserve is ready to implement more interest rate hikes if they become necessary. Powell said that the Fed plans to keep interest
The Federal Reserve Bank of Kansas City will host its annual Economic Policy Symposium (Jackson Hole Symposium) on August 24-26, 2023, at a time when de-dollarization fears are at an all-time high. Based on previous reactions to US Federal Reserve events over the last two years, it’s possible Bitcoin’s price
The crypto market is currently locked in a fierce struggle against dominant bears, showing a glimmer of hope as the market capitalization rises by 1.82%, reaching $1.07 T. Bitcoin and Ethereum, the major coins, have made strides, surging by 1.70% and 2.59% respectively in the last 24 hours. However, these
600,000 payers now on Paystand Network and $6 billion in transactions highlight significant growth in the “real economy” during a period of economic hardship and a crypto bear market SCOTTS VALLEY, Calif.–(BUSINESS WIRE)–Paystand, the B2B payments company with the world’s largest commercial blockchain, has defied market conditions and experienced a
Stocks in the United States unexpectedly fell at the market close, with the technology-focused Nasdaq Composite leading the decline. The release of the Fed’s July meeting minutes affected market sentiment because they highlighted a rising worry among top officials about “upside inflation risks.” Fear of further interest rate rise dampened investor optimism on
With a three-year record revenue growth of 300%, 10Pearls ranks among America’s Fastest-Growing Private Companies WASHINGTON–(BUSINESS WIRE)–Inc. revealed today that 10Pearls ranks No. 1871 on the 2023 Inc. 5000 list of America’s Fastest-Growing Private Companies. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s
CALGARY, Alberta–(BUSINESS WIRE)–Tetra Trust Company (Tetra), Canada’s only licensed custody solution for digital assets, is rolling out increased staking functionality through its strategic partnership with Kiln, a leading enterprise-grade staking platform. Starting today, Tetra clients can stake their assets with Kiln on the main Proof-of-Stake (PoS) blockchains such as Ethereum,
The first half of 2023 has been a roller-coaster ride for the cryptocurrency world, with a series of significant events and developments that have left a profound impact on various altcoins. As Bitcoin hit a remarkable $30,000 upmark and the SEC lawsuit took a surprising turn, altcoins experienced unprecedented volatility,
Microstrategy, the software giant is set to release its balance sheet report soon. Meanwhile, investors are wondering if Bitcoin (BTC) still leads their holdings given Bitcoin’s recent price drop. Two other tokens that have gained attention in the crypto space are Ripple (XRP) and Pomerdoge (POMD). While Ripple’s SEC case
As of today, the pace at which Litecoin is being issued has decreased by half, an occurrence known as “the halving.” Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. The block reward for verifying blockchain transactions is halved during a crypto-halving event. After the event,
