High Inflation Reading Increases Probability of 1% Interest Rate Hike
The high inflation growth and the projected interest rate hike may result in an unwarranted situation of an economic recession.
Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The high inflation growth and the projected interest rate hike may result in an unwarranted situation of an economic recession.
After bagging the VARA license, OKX will be looking to create a global crypto-asset hub in the city of Dubai.
According to the UN, the threats posed by cryptocurrencies overweight their advantages, and the use of cryptos may result in financial instability risks and bring more opportunities for illicit financial activities.
Although the two companies didn’t provide any reason behind withdrawing their IPO applications, the current market scenario shows that investors have very little appetite for new companies.
All indicators point to Disney’s vested interest in NFTs and Web3. The choice of companies also serves to underline this fact.
For Netflix, the partnership will bring more customers. Meanwhile, Microsoft will enhance its advertising division as well as endorse the company’s approach to privacy.
Chamath Palihapitiya spoke on Bitcoin and crypto issues, including inadequate regulation, off-chain transactions and high-risk staking.
Russia is currently facing many sanctions due to its attack on Ukraine. Many major companies have cut ties with the country, and governments globally have imposed sanctions on the nation.
Celsius Networks said that the bankruptcy proceedings will help stabilize its business and create a restructuring plan to return payments to its customers.
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York.
With the global economic situation currently impacting virtually every industry, mergers and acquisitions (M&A) are becoming increasingly rampant.
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin.
Panasonic plans to start building these new products in the first quarter of 2023.
German tech giant Bosch plans to enhance European semiconductor chip production in the next few years by investing billions of euros.
The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June.