The European Central Bank (ECB) has raised its benchmark interest rate by 0.5% points and said it would do the same in March, in contrast to the Federal Reserve’s 0.25% hike. This was done because of expectations that inflation would remain high in light of continued brisk economic expansion in
The Abu Dhabi office of Kraken, a renowned cryptocurrency exchange, has shuttered less than a year after being granted a local license. More than a third of the company’s workforce will be laid off as a result of this reduction. In a move that affected around eight positions, Kraken laid
In an opinion piece titled “Why America Should Ban Crypto,” which was published in the Wall Street Journal, Vice Chairman of Berkshire Hathaway Charlie Munger urged the American government to ban cryptocurrency. Murger stated: A cryptocurrency is not a currency, not a commodity, and not a security. Murger added that
Fantom, a decentralized smart contract platform for DApps native cryptocurrency FTM, price rallied over 103% in the previous 14 days and 195% in a month. At the time of writing, Fantom traded at $0.6302, climbing by 11% from the last day. And FTM had a market cap of $1.7 billion
As private sector demand has decreased in tandem with the sell-off in cryptocurrencies for much of the last year. Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. According to Maddie Kennedy, the company’s senior director of communications, the layoffs will mostly affect members
On Thursday, OKX, the second biggest cryptocurrency exchange by trading volume, announced that it has formed a partnership with the Manchester City Football Club. The “OKX Collective” will be introduced by the cryptocurrency exchange with Jack Grealish, Ruben Dias, Ilkay Gündoan, and Alex Greenwood. A fully immersive, fan-exclusive metaverse experience
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that today announced that the Company’s Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to
Post the FTX fiasco, regulators and authorities around the world are cautious about crypto exchanges. Indonesia, one of several nations rapidly adopting cryptocurrencies, wants to build the world’s first government-backed crypto exchange by June 2023 at the earliest. The Ministry of Trade of Indonesia had planned to debut the market
London, United Kingdom, 2nd February, 2023, Chainwire The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been
The Ethereum price hit a new all-time high of $1,700 on Sunday, setting a new benchmark for the leading cryptocurrency. Therefore, signaling that ETH is poised for further upside. The landmark milestone was achieved as the Ethereum network continues to gain widespread adoption from institutions and retail investors alike. Fueled
