According to the U.S. Bureau of Labor Statistics, inflation measured by the annual change in the Consumer Price Index (CPI) was 3% in June, beating market estimates of 3.1%. In addition, Core CPI inflation falls to 4.8% from 5.3% in May, the lowest level seen since November 2021. This allows
Bitcoin (BTC) has been settling around the $30,500 level for some time after a significant gain in the second half of June 2023. The price has been consolidating around these levels, exhibiting compression, throughout July. Moreover, this indicated a breakout is possible in the near future. On the other hand,
Michael van de Poppe, a well-known cryptocurrency trader, and analyst, recently tweeted a graphic predicting the future value of Litecoin. According to the expert, Litecoin (LTC) has a “nice sweep of the low” on the LTC chart. According to Poppe, LTC has to surpass the $98.50-$99.50 levels in order for
Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024. Meanwhile, the
The U.S. June Consumer Price Index (CPI) will be released on Wednesday, and the PPI will be released the following day, bringing attention back to inflation statistics after a week of major employment announcements. In the event of a drop, investors may hope that the Federal Reserve would reconsider its
The Financial Conduct Authority (FCA), Britain’s financial watchdog, “disrupted” 26 of the 34 cryptocurrency ATMs it visited and investigated since the beginning of 2023. The Financial Conduct Authority (FCA) issued a stern warning to the United Kingdom’s crypto ATM operators on February 14: either comply with legislation or shut down
In the aftermath of the introduction of the BRC-69 token standard, inscribing, a process for creating Bitcoin non-fungible tokens (NFTs), has seen a surge in activity. According to statistics recorded by blockchain analytics company Glassnode, the number of new inscriptions jumped to over 350,000 on Monday. Since Ordinals’s launchpad Luminex
In the last week, the cryptocurrency market as a whole has been on the upswing, with Solana (SOL) at the forefront with a 15.54% surge in the last 7 days. Solana (SOL) is up 7.02% at $22.14, with a market valuation of $8.8 billion as of press time. Raoul Pal,
On Monday, the total amount staked hit about $45 billion, representing nearly 20% of all Ethereum in circulation. This landmark achievement perfectly encapsulates the growth of Ethereum. Tokens are pledged to the network so that they will remain secure in exchange for financial compensation. According to a dashboard built by
Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a
