The Personal Consumption Expenditures (PCE) Price Index, which measures inflation in the United States, rose to 5.4% year over year in January from 5.3% in December. This follows the news that was just issued by the U.S. Bureau of Economic Analysis. Market participants had expected a figure closer to 4.9%,
The revenue for Jack Dorsey’s payment processing firm, Block, exceeded Wall Street’s forecasts, but the bottom line fell short. Block reported income of $1.83 billion in Bitcoin from its Cash App business unit in the prior quarter, down 7% year over year as compared to the same period in 2021.
The world of cryptocurrency is still evolving rapidly. The year 2023 looks to be an interesting one for the crypto industry. The crypto market is beginning to revive in 2023 after a disastrous last year. Here are the top 5 cryptocurrencies to invest in 2023 in the volatile crypto market.
In the P2P Foundation forums on three separate occasions in February 2009, Satoshi Nakamoto presented the Bitcoin white paper and open source codebase to the community. Bitcoin’s first public announcement was made by its inventor, Satoshi Nakamoto, on the P2P Foundation forum on February 11, 2009. Before these occurrences in
The Price of Bitcoin in 2023 is unpredictable and unstable. The cryptocurrency market is highly volatile and subject to drastic, unexpected fluctuations. Making it difficult to accurately predict what the price of Bitcoin will be in 2023. Despite this, some analysts have attempted to forecast the future value of Bitcoin,
Kevin O’Leary, of “Shark Tank,” has given his thoughts on the cryptocurrency market after the SEC has taken many enforcement actions. The Shark Tank star tweeted: “Venture funding for new crypto projects is virtually dead and aftermarket trading for existing projects is at massive discounts. Reason? The regulator is now
Cloud mining firm BitFuFu has launched a voucher marketplace for Bitmain’s Antminer-branded rigs. Bitmain is the major provider of cryptocurrency mining hardware. Sales of cryptocurrency mining hardware dropped last year, so Bitmain responded by offering discounts on its Antminers to loyal customers. However, many of them are still sitting idle
The largest cryptocurrency “Bitcoin (BTC) overtook Visa” to rank as the eleventh-largest asset by market capitalization. The price of BTC has increased by over 48% since the start of 2023. At the time of writing, Bitcoin traded at $24,486 with a market capitalization of $472 billion, slightly more than the
The minister of technology and science of Zambia, Felix Mutati, has said that the central bank and the Securities and Exchange Commission of Zambia are “testing” technologies to regulate cryptocurrencies. Mutati said on the ministry website that Zambia has to govern this “revolutionary technology.” Because it represents the future the
Bitcoin (BTC), the genesis and leading asset in the cryptocurrency market has made its way to $24,000.The last record made on the $24k limit was on June 2022. And the whole crypto market takes it as an indication of the bull run. This price is also the new high in
