Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly
Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency
The crypto community is excited as once again Bitcoin (BTC) touched $30K. Although the price has faced a brief pullback and is now currently trading at $29,784.76 as per CoinMarketCap, at the time of writing. As soon as BTC touched the surface of $30K, the bulls and the bears in
Circle Internet Financial, the firm behind the USDC stablecoin, launched a new programmable web3 wallet platform on Tuesday with the goal of assisting companies in accepting digital-asset payments from clients. Users may transfer, receive, and store cryptocurrencies such as Circle’s USDC stablecoin and non-fungible tokens (NFTs) via “programmable wallets” that
The results for the second quarter of 2023 for crypto mining company Marathon Digital fell short of analyst forecasts for both profit and revenue. Revenues of $81.8 million were announced for Q2 2023 by Marathon on August 8, below the Zacks Investment Research forecast of $83.2 million. The crypto miner
The mainnet launch of Shibarium has been earlier hinted by the project’s lead developer, Shytoshi Kusama, who will be attending next week’s Blockchain Futurist Conference and ETH hackathons in Toronto, Canada. There has been no activity on the Shibarium testnet “PuppyNet” for over three days, and the introduction of Shibarium
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to
Glassnode, a blockchain analytics company, reports that the number of Bitcoins held by long-term holders has hit a new high of 14.599 million. A total of 43,949 Bitcoin, or almost $1.274 billion has been added to these wallets during the last week. Addresses that have held Bitcoins for 155 days
A new whale has come to the forefront after purchasing $40 million worth of Shiba Inu (SHIB) in one transaction, which is an incredible show of support. The whale has amassed 4.41 trillion SHIB tokens, putting it in the 27th position among the top holders of SHIB, according to statistics
The National Crime Agency (NCA) of the UK is looking to hire four senior investigators to join its Complex Financial Crime Team and look into offenses involving digital assets. The job entails looking into organized criminal organizations’ use of blockchain technology for things like high-end crypto fraud and money laundering.
