A significant recession warning is currently flashing across financial markets, impacting both the stock and crypto sectors. The SAHM Indicator, a crucial economic measure, has crossed above 0.5, signaling a potential recession in the United States. This indicator has a long history of accurately predicting recessions, with every instance since the 1960s leading to an …
BREAKING: Wallets linked with Genesis Trading have moved 16.6K BTC ($1.1B) and 166.3K ETH ($521.1M) in the past hour, likely for in-kind repayments to creditors. According to an X post by Arkham Intelligence, this substantial movement of funds by Genesis moves the market significantly. Key Details: Track live data here Market Impact Genesis moves have …
Genesis Moves $1.5 Billion in Bitcoin and Ethereum for Creditor Repayments Read More »
Bitcoin is down below the critical $63k level, marking the fourth consecutive daily close with a bearish candle. The crypto market is feeling the strain as Bitcoin dip sentiment spreads across the board. Market Overview Reasons for the Bitcoin Dip The primary factors behind the recent Bitcoin dip are a mix of market sentiment and …
Bitcoin Falls Below Key $63k Level: Market Analysis Read More »
The US Federal Reserve will announce its fifth interest rate decision for 2024 later tonight (July 31) after a two-day FOMC Meeting. Wall Street expects the US central bank to keep the benchmark interest rates between 5.25% – 5.50%. However, market participants will focus on hints that lift bets of a rate cut in September. …
The US debt has reached an unprecedented milestone, hitting $35 trillion for the first time in history. This astronomical figure is not just a number but a significant indicator for the financial markets, especially Bitcoin. Here’s why this news is crucial for Bitcoin investors. Track Live Debt Here US Debt and Its Implications Why US …
Bitcoin’s hashrate has reached an all-time high (ATH) of 662.74 EH/s as of July 29, 2024. This milestone marks a significant achievement in the Bitcoin network’s history and highlights the increasing security and computational power dedicated to the cryptocurrency. The consistent growth in hashrate is a testament to the network’s robustness and its ongoing appeal …
WazirX, the leading cryptocurrency exchange in India, has unveiled its strategy to address the $230 million loss incurred following a major hack on its platform. The WazirX plans, after weeks of deploying a bounty program to recover the stolen funds, has finally announced its approach to compensate affected users equitably. Socialized Loss Strategy WazirX plans …
Binance has successfully completed the Render (RNDR) token swap and rebranding to Render (RENDER). Users can now deposit and withdraw the new RENDER tokens. This move marks a significant update in the cryptocurrency market, with Binance opening spot trading for RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL pairs at 2024-07-26 08:00 (UTC). New Trading …
Binance Completes Render Token Swap and Rebranding Read More »
VanEck, a renowned asset management giant, has released a highly optimistic report on Bitcoin (BTC), forecasting its potential to become the dominant medium of exchange and store of value globally. This bullish outlook stems from anticipated increases in foreign trade and cross-border remittances. VanEck predicts, Bitcoin could reach a staggering price of $2.9 million per …
Crypto has been steadily gaining traction, and 2024 has proven to be a pivotal year for the sector. As the world becomes more digitally oriented, the acceptance of Bitcoin and other crypto by major brands is transforming how we transact. This article explores 15 essential brands that, by embracing crypto adoption, could eliminate the need …
Crypto Adoption: 15 Brands Which Can Make Cash Irrelevant Read More »
