Cryptocurrency Market

  • Market Cap: $2,256,385,704,515.60
  • 24h Vol: $125,146,194,665.08
  • BTC Dominance: 56.45%

inflation

ethereum’s-transition-to-proof-of-stake-yields-deflationary-results

Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]

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crypto-dominates-as-payment-method-for-remote-workers-in-latam

Crypto Dominates as Payment Method for Remote Workers in Latam

Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation in the region.

Crypto Dominates as Payment Method for Remote Workers in Latam Read More »

us-inflation-remains-higher-than-expected,-raising-concerns-among-investors

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors Read More »

nouriel-‘dr.-doom’-roubini-warns-about-demise-of-us-dollar

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape.

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar Read More »

central-bank-of-argentina-to-issue-new-2,000-peso-bill-as-inflation-keeps-rising

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising

The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized as an insufficient measure.

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising Read More »

bitcoin-rise-in-first-month-of-2023-moves-crypto-fear-index-from-‘extreme-fear’-to-‘greed’

Bitcoin Rise in First Month of 2023 Moves Crypto Fear Index From ‘Extreme Fear’ to ‘Greed’

Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating “extreme fear.” Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting “greed.” Crypto Fear Index Jumps to ‘Greed,’ Etoro Market Analyst

Bitcoin Rise in First Month of 2023 Moves Crypto Fear Index From ‘Extreme Fear’ to ‘Greed’ Read More »

jpmorgan-ceo-says-btc-is-fraudulent,-a-‘pet-rock;’-bank-of-america-says-cbdcs-are-‘natural-evolution’-—-bitcoin.com-news-week-in-review

JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review

JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of today’s monetary and payment systems.” This and more on inflation and

JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review Read More »

debt-deflation-warnings,-shibarium-buzz-sees-shib-rise,-former-ftx-us-president-talks-sbf,-and-more-—-week-in-review

Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review

“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president

Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review Read More »

all-eyes-on-the-next-fed-meeting:-market-trajectories-hinge-on-decision

All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision

Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve governor Christopher Waller said that he favors a quarter-point benchmark rate increase at the

All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision Read More »

world-bank-report-forecasts-bleak-global-economic-outlook,-citing-‘adverse-developments’-and-‘long-lasting-slowdown’

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024.

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’ Read More »