Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation. Further, on Wednesday, a U.S. judge dismissed the
MicroStrategy, a business analytics firm, said Thursday that it had lost money for the eighth straight quarter, but that it would maintain its policy of keeping Bitcoin on its balance sheet. Bitcoin’s value dropped to $23,439 after the quarterly earnings report was released. On Thursday, MicroStrategy’s stock rose about 10%,
Bitcoin soared by over 40% in the first month of 2023, off to a fantastic start for the year. This was also the second-largest increase for the month of January in the last decade. For operational purposes, Bitcoin mining firm Marathon digital has been selling its BTC holdings as the
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
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
The cryptocurrency market kick-off February with continued bullish momentum as the crypto king, Bitcoin (BTC), soared by over 45%, and the largest altcoin, Ethereum (ETH), surged around 40% in a month. At the time of writing, the global crypto market cap has a market cap of $1.12 trillion, which increased
Pick n Pay, a supermarket chain in South Africa, has accepted Bitcoin at 39 locations before rolling out the service company-wide. The rollout of Bitcoin acceptance took place over the course of the last three months of pilot testing. Customers at any of the retail locations in South Africa will
In its most recent meeting, the Federal Reserve Board decided to increase interest rates by another quarter of a percentage point. At this meeting, the Fed implemented its smallest interest rate rise since March 2022, signaling a moderation in the pace of its rapid tightening throughout 2022. As the Fed
The decentralized social media platform Damus, dubbed a “Twitter killer” by its developers, has been accepted into the Apple App Store. After what it says were at least three denials. The Damus team verified the permission to its 11,500 Twitter followers on January 31. Shortly after, Jack Dorsey, co-founder of
