The Reserve Bank of India (RBI) has taken an important step towards adopting digital currency. The institution recently announced the initiation of a pilot for a second use case of its wholesale central bank digital currency (CBDC), with a focus on the call money market. Reserve Bank of India's New Venture into Digital Currency According […]
Reserve Bank of India Expands Its Central Bank Digital Currency Pilot Read More »
The globally recognized iris-scanning project, Worldcoin, has recently incorporated a state bridge into its infrastructure. This new addition allows users to establish and connect their personal bridge with the universal identity, known as World ID, and any blockchain compatible with Ethereum Virtual Machine (EVM). The latest data reveals that Worldcoin has successfully registered approximately 2.35
Grayscale’s Bitcoin Trust, popularly referred to as GBTC, has recently experienced a considerable shift in its market dynamics. In January 2023, GBTC was trading at a notable 48.31% discount to its net asset value (NAV). However, the gap has now shrunk to 16.59%, which suggests a shift in the market sentiment and brings potential implications
The Shrinking Gap: Grayscale’s Bitcoin Trust’s Discount to NAV at 16.59% Read More »
In an unexpected turn of events, the U.S. inflation rate outpaced predictions in September, with a year-on-year increase of 3.7% in the Consumer Price Index (CPI), according to the most recent figures from the U.S. Bureau of Labor Statistics. Despite a slight dip in core inflation from 4.3% to 4.1%, financial analysts expect that the
The Unanticipated Surge in U.S. Inflation: An In-Depth Analysis Read More »
In the ever-changing world of cryptocurrencies, XRP and Solana (SOL) have been making waves in the market. The past week has seen significant price movements for both cryptocurrencies, with XRP on a consistent downward trend and Solana nearing a crucial price floor. This article provides an in-depth look at these recent market trends. XRP's Six-Day
Examining the Recent Market Movements of XRP and Solana Read More »
Recently, Bitcoin (BTC) experienced a downward trend for four consecutive days, causing traders to pay close attention to the situation. Simultaneously, a confirmed fraudulent activity by Caroline Ellison on behalf of SBF has stirred up the market sentiment. Bitcoin's Market Performance Bitcoin, the world's largest cryptocurrency, has witnessed a significant dip in its value. In
Stepping up as a game-changer in the Bitcoin mining infrastructure, Digital Shovel proudly presents its latest breakthrough in the MiniPOD series, the S300 MiniPOD. This new MiniPOD modular cryptocurrency mining data center significantly enhances the design and functionality of the previous products. It streamlines various aspects of the installation and operation of a portable mining
Standard Chartered’s lead on forex and crypto research, Geoffrey Kendrick, and his team have recently proposed a bold prediction: Ethereum could skyrocket to $8,000 by 2026. The projection is backed by the strength Ethereum exhibits in areas such as smart contracts, gaming, and tokenization. These are the key drivers expected to fuel Ethereum's price surge.
A Bright Future for Ethereum: Predicted to Hit $8,000 by 2026 Read More »
In a striking twist, Ethereum has transitioned from a deflationary model to an inflationary one, with a 0.178% increase observed in the last 17 days. During this timeframe, the network's total supply expanded by an impressive 22,502 ether, equivalent to $35.31 million. The Correlation Between Ethereum's Inflation and Onchain Downturn In the past, Ethereum embraced
The Rise of Ethereum Inflation Amidst Decreasing Onchain Activities Read More »
Experienced cryptocurrency investors continue to accumulate Bitcoin (BTC) at the rate of 50,000 coins per month, equivalent to $1.35 billion, based on the recent onchain report by blockchain analytics company, Glassnode. This increasing demand happens while the extensive digital asset market remains remarkably inactive both onchain and across trading platforms. Consistent Bitcoin Investors Hold Firm