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  • Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining Updates
  • Want to Dodge Your Crypto Tax? Learn the Risks From Koinly Updates
  • Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases Updates
  • NFT Sales Slid Lower This Week, Cronos NFT Volume Jumps 236% Higher, Azuki Collection Rises  Updates
  • Biggest Movers: AXS Jumps Over 20%, as MATIC Falls to 13-Month Low Updates
  • Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury Updates
  • As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play Updates
  • Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike Updates

Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’

Posted on March 21, 2022March 22, 2022 By Sathya Shankar No Comments on Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’
Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’

The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggressively. Off the heels of the first benchmark interest rate increase since 2018, Powell stressed that the Fed will “take the…

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Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Posted on March 14, 2022April 26, 2022 By Sathya Shankar No Comments on Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power
Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model, called the Antminer S19 XP Hyd., is also a liquid-cooled ASIC mining device that claims to produce 255 TH/s at 20.8 joules per terahash (J/T)….

Read More “Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power” »

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US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia

Posted on March 13, 2022April 27, 2022 By Sathya Shankar No Comments on US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia
US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia

Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs Group and JPMorgan…

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Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Posted on March 5, 2022April 29, 2022 By Sathya Shankar No Comments on Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s deposits. Increase in the Banking System’s Interest Expenses Israel’s central bank, the…

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Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea

Posted on March 3, 2022May 3, 2022 By Sathya Shankar No Comments on Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea
Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea

Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned Russia to North Korea. Animoca…

Read More “Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea” »

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South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

Posted on March 3, 2022May 3, 2022 By Sathya Shankar No Comments on South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round
South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised…

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  • As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play Updates
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