Based on an article in The Wall Street Journal dated April 10, the Federal Reserve is encountering fresh hurdles in its fight against inflation, making it more difficult for the central bank to achieve a gentle economic slowdown. The WSJ piece emphasizes that an inflation report came in higher than anticipated, bringing substantial repercussions for … Read more
Shiba Inu (SHIB) aims to reduce the large number of circulating tokens by destroying them through a process called “burning.” By removing SHIB tokens from circulation, this intentional act increases the scarcity and potential value of the remaining tokens in the market. To accomplish this, Shiba Inu has adopted two primary approaches for token burning: … Read more
In the US, the debut of Bitcoin (BTC) ETFs on the exchange has reshaped the cryptocurrency market. According to Kitco’s article, these ETFs have simplified the process for various types of investors, such as retail investors, pension funds, and major financial institutions, to invest in cryptocurrencies through a more conventional and user-friendly approach. An article … Read more
A relatively new cryptocurrency project named Ethena is gaining notice for its innovative strategy that resembles hedge fund investing. This approach has resulted in substantial investments and excitement within the industry. The initial returns, approximating 37%, have been enticing. However, doubts about the long-term viability of Ethena are emerging due to the unpredictable nature of … Read more
On April 10, 2024, Uniswap Labs was notified by the U.S. Securities and Exchange Commission (SEC) of a potential legal dispute through a Wells notice. This is an initial warning before any formal legal action. The SEC, which is a regulatory body in the United States, sends out a Wells notice once they’ve finished investigating … Read more
The price of Cardano‘s native token, $ADA, has declined by 19.2% in the past month due to the broader cryptocurrency market downturn. Some believe that this drop places $ADA “in the right position” for an upcoming price surge. Last month on microblogging platform X, which was previously called Twitter, well-known cryptocurrency expert Ali Martinez shared … Read more
Bitcoin currently stands at $69,764. It tried but failed to surpass the significant mark of $70,000 during the previous week. The road forward is unclear due to deteriorating economic conditions and doubts about how the upcoming halving will affect traders. One explanation for the stock market’s uneasiness was the unexpectedly poor US inflation figures announced … Read more
Experienced trader and market analyst Peter Brandt, well-known in the cryptocurrency community for correctly forecasting Bitcoin‘s 84% drop in 2018, now believes Bitcoin is headed towards $80,000 in the upcoming period. Brandt pointed out in his latest post on microblogging site X (previously Twitter), that every Bitcoin bull market follows a similar trend: after reaching … Read more
Peter Schiff, the CEO of Euro Pacific Capital and a renowned Bitcoin skeptic, has advised investors it could be their final opportunity to convert their Bitcoin (BTC) assets into gold and silver. Failing to do so, according to him, may result in enduring poverty. After experiencing a significant increase of over 63% this year and … Read more
Over the past 24 hours, XRP‘s price has dropped by over 3% due to a broader cryptocurrency market adjustment. This correction appears to have been initiated by unexpectedly high U.S. inflation figures. Based on BBC’s report, US prices increased by 3.5% over the past year (March 2022), which is a larger hike compared to the … Read more