BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges
[Jul 18 11:10 AM] Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director.
5 / 20 Relevant items tagged with #Inflation
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ECB Maintains Interest Rates Amid Persistent Inflation Concerns
[Jul 18 8:16 AM] The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting…
Mark Cuban speculates Bitcoin may become a global reserve asset
[Jul 17 2:00 PM] The entrepreneur and investor has a net worth of $5.4 billion as of 2024 and is no stranger to the world of digital assets.
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
[Jul 12 12:09 PM] A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal.
US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations
[Jul 11 8:30 AM] The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of…
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
[Jul 11 6:41 AM]
Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market
[Jul 11 12:46 AM] Increased prospects of Fed rate cuts could bode well for BTC's recovery.
Citi Analysts Predict 8 Weeks of Fed Rate Cuts Starting in September, Powell Seeks Evidence
[Jul 9 9:31 AM] Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open…
Crypto adoption in Argentina soars amid 276% inflation spike
[Jul 9 6:28 AM] Argentina has emerged as the top market by numbers of visitors on Binance, one of the world’s largest crypto exchanges.
Economist Highlights Possible ‘Hidden Recession’: Official Figures May Understate Inflation Impact
[Jul 5 12:04 PM] In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation…
Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates
[Jul 4 12:04 PM] According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic…
Milei Reveals New Economic Phase for Argentina: Zero Monetary Issuance
[Jun 30 9:37 PM] Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus…
BTC price support ‘thinning’ below $60K, while Bitcoin ignores cool PCE
[Jun 28 8:35 AM] BTC price performance offers little inspiration through the latest U.S. macro data, but concern is brewing among Bitcoin analysts over $60,000 support.
Argentina Records First Week of Zero Inflation in 30 Years; Milei Claims He’s Redefining Economic Theory
[Jun 25 1:32 PM] Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement…
Former Fed President Discusses Potential for 2 Interest Rate Cuts This Year
Utah Senator Seeks to Abolish Federal Reserve
[Jun 14 1:37 PM] Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution…
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
[Jun 12 6:42 AM] Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.
US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
[Jun 11 9:10 AM] Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates…
Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
[Jun 11 12:05 AM] Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low.
Why Zoomers Should Embrace Bitcoin: An Open Letter to Gen Z
[Jun 10 9:15 AM] A high school junior makes the case to her peers.
Inflation Explained: What It Is and Why It Happens
[Jun 9 10:32 PM] While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is…
European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead
[Jun 7 12:37 PM] The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future…
Bitcoin Ready To Takeoff? Analyst Eyes $85,000 as Fundamentals Align
[Jun 4 11:30 AM] Bitcoin prices are hovering near $70,000, bouncing from a critical dynamic support line, evident in the daily chart. Even though bulls have yet to breach $72,000 and break above March 2024 highs, traders are optimistic about what lies ahead…
Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
[Jun 2 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.
Survey: 77% Believe Presidential Candidates Should Be Informed on AI and Crypto
[May 31 9:16 PM] The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000…
Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown
[May 30 5:11 PM] Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an…
Solana Passes Proposal to Assign 100% of Priority Fees to Validators
[May 28 10:45 AM] Solana validators have voted to pass Solana Improvement Document number 96 (SIMD-0096), which proposes that 100% of priority transaction fees will be awarded to validators. This breaks the current model that passes only 50% of these funds to…
Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year
[May 22 3:16 PM] David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon…
Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
[May 15 2:11 PM] Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.
US Inflation Data Indicates Slight Cooling in April; Gold, Silver, and Cryptos Climb
[May 15 9:34 AM] The latest report from the U.S. Labor Department’s Bureau of Labor Statistics reveals that the consumer price index (CPI) for April climbed by 0.3%. Over the last 12 months, the CPI increased by 3.4%, primarily driven by higher costs for…