S&P 500 in Correction Territory The S&P 500, a key U.S. equities index, has experienced a decline of just over 10% from its peak on July 31. This drop is fueled by concerns that the U.S. economy is heading towards a recession. This correction is the first of its kind since the market bottomed out […]
Gold and BTC Rise as Key US Equities Index Declines by Over 10% from July 31 Peak Read More »
Venezuela and Zimbabwe Lead the Way According to the latest statistics from the International Monetary Fund's World Economic Outlook, ten nations are currently facing inflation rates exceeding 40% as of October 2023. Among these countries, Venezuela takes the top spot with a staggering inflation rate of 360%, closely followed by Zimbabwe at 314.5%. These soaring
10 Countries Worldwide Grapple With Soaring Inflation Rates Read More »
Chainlink (LINK) Gains 7% as Price Surges Chainlink (LINK) experienced significant gains at the start of the weekend, with the token rising by as much as 7% during the day. The LINK/USD pair reached a high of $11.59 earlier in today's session, recovering from a low of $10.80 the day before. These gains bring the
Chainlink (LINK) Approaches 18-Month High as Bulls Extend Momentum Read More »
FDUSD Emerges as Dark Horse in Stablecoin Arena In just 85 days, the stablecoin FDUSD has experienced a remarkable surge in its circulating supply, increasing by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization and has significantly expanded its market volume share. A Noteworthy
FDUSD: A Rising Star in the Stablecoin Market Read More »
A Closer Look at the Crypto Data The dynamic landscape of crypto data in 2023 reveals an impressive surge in bitcoin, with a year-to-date increase of 106%. However, this rise does not secure bitcoin the title of the top performer in this period. Upon closer examination of the metrics since the beginning of the year,
Outshining Bitcoin: The Altcoins That Soared Beyond 700% in 2023 Read More »
The recent surge in the price of bitcoin (BTC) has created a shift in investor sentiments, as anticipation for the approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. grows. At the time of writing, BTC is trading at over $34,000, compared to around $28,000 just last Thursday. Crypto Fear and Greed Index
Defi Market Shows Resilience with TVL Reaching $41.42 Billion The decentralized finance (defi) sector has experienced a significant rebound, as the total value locked (TVL) in defi protocols surpasses $40 billion. This milestone comes after the TVL remained below this level since mid-August. Furthermore, the top 100 defi coins by market capitalization are on the
Defi TVL Surpasses $40 Billion, Signaling Strong Recovery Read More »
The Changing Landscape of Crypto Custodians A recent report from Ccdata, a leading digital asset-focused research firm, highlights the evolving nature of crypto custodians and the introduction of new services for institutional customers. This report sheds light on the transformation of custodians in the digital asset space, as well as their efforts to expand their
Report: Evolution of Crypto Custodians and New Services Offered Read More »
The highly anticipated Dencun upgrade for the Ethereum blockchain will not be making its debut in 2023 as initially expected. Ethereum's core developers have decided to push back the release of the upgrade until at least 2024. This revelation came during the latest All Core Developers meeting. Software developer Tim Beiko took to social media
Ethereum’s Dencun Upgrade Faces Delay Amid Testing Requirements Read More »
Introduction During an ongoing hearing, federal prosecutors questioned Sam Bankman-Fried about his practices of deleting messages and the alleged use of customer funds while he served as the CEO of FTX, a now-bankrupt crypto exchange. Sam Bankman-Fried's Use of Encrypted Messaging App Prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his
Prosecutors Investigate Sam Bankman-Fried’s Actions in FTX Case Read More »