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While investors are supposed to react positively to the news in the crypto space, the opposite is exactly what is being recorded.
The Bank of England expects inflation in the UK to surpass the current historical highest to reach 13.3% in October.
According to BitGo, the contract is not expiring till 31st December 2022, and Galaxy Digital has to pay a $100 million breakup fee promised in March 2022 “in order to induce BitGo to extend the merger agreement”.
The company said that the No.1 crypto is its clients’ primary subject of interest.
The world’s second-largest cryptocurrency Ethereum (ETH) has been on a strong move over the last month. In the last 30 days, ETH has gained more than 80% amid all the positive developments surrounding The Merge upgrade.
The Federal Reserve’s inflation target is pegged at 2% on an annualized basis, and it is unclear in which direction the Feds will tilt with respect to its inflationary control.
The SEC filing showed that the Tesla shares were sold between August 5 and 9, a move Musk made after Tesla’s annual shareholder meeting that was held in Austin on August 4th.
On Monday, the US Treasury blacklisted Tornado Cash for allegedly helping to launder about $7 billion worth of cryptocurrencies.
The documents revealed that the Primary Conversion would become effective before 2022 ends.
Tech giant Meta has announced its Instagram NFT initiative on supported blockchains such as Flow, Ethereum, and Polygon.
Amid the 2021 mania, SPAC deals were 59% of the total new listings in 2021.
Semiconductor heavyweight TSMC saw a slipup in share price as political tensions mount over intended Pelosi visit to Taiwan.
US Treasury yields for 2, 10, and 30 years were all trading higher on August 1 as investors brace for more earnings reports and economic data.
With the US GDP shrinking and interest rates rising, the crypto market so far hasn’t given up to the macro uncertainty. August could be a month of volatility.
Ethereum is currently trading above $1,700 after rising 15% on Thursday as network prepares for The Merge.