Telegram, one of the most functional messaging apps around, has hit 700 million active users, a milestone that showcases the growing popularity of the free social media app.
Bitcoin price continues to crack under the heavy pressure of the wider crypto market downturn that has persisted for weeks now.
Elon Musk and his two major companies are facing a lawsuit from an aggrieved Dogecoin investor who claims Musk cost him several billion dollars.
The decision of the Federal Reserve to raise its benchmark interest rates three-quarters of a percentage point caused US stocks to advance.
As the US Fed steps in to control inflation, the Bitcoin market is likely to stay volatile. This could also be the beginning of Bitcoin’s long-term consolidation.
The US 10-Year Treasury Yield has shot to an 11-year high at 3.48%. Any further surge in bond yields is likely to drag the market down.
The price of Bitcoin briefly hit $21K in the Asian trading session as the global market plunge continues without any signs of easing.
The current market situation is believed to be a repeat of the post-2016 halving event that saw Bitcoin hitting an all-time high of nearly $19,000 in December 2017, then falling from that height to $3000 within a space of two years.
Stock futures in the US fell by over 1% on the heels of a significant losing week for Wall Street. Global stocks also plunged.
Amid several macro-economic conditions, the European Central Bank wants to hike interest rates without worsening the economy.
With this success, Ethereum developers will now gear to implement The Merge upgrade ahead this year in August 2022. The developers are still working on some minor bugs and will monitor the Ropsten network performance over the next few weeks.
The approvals of 60 gaming licenses in China have stoked bullish investor confidence in tech stocks with the Hang Seng Tech Index advancing 4%.
After two consecutive days of rally, the US stock index futures take a dip as selling pressure builds ahead of Friday’s Key inflation data.
The Ropstem Merge upgrade shall be a critical step to check whether the client software on the Ethereum nodes perform normally and without any bugs.
The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.