Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years.Continue Reading
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data wouldContinue Reading
QNT was trading close to recent highs on Wednesday, as prices were battling through a turbulent session. The token was mainly in the green on hump day, falling by as much 7% on the day. NEAR also declined, with prices heading toward a one-year low. Quant (QNT) QNT remained closeContinue Reading
While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push this week’sContinue Reading
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy JudgeContinue Reading
Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, howeverContinue Reading
As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income. Cryptocurrencies at their core were not designed to fit into traditional financial systems, after all, that’s where some ofContinue Reading
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create SWIFT Substitute Using BlockchainContinue Reading
RoboSats is a project that allows users to generate fun pseudonymous avatars that can facilitate KYC-free bitcoin trades. This is an opinion editorial by Okada, mechanical engineer and contributor to Bitcoin Magazine. Generate a robot avatar today and exchange Bitcoin over the Lightning Network (LN) with simple and KYC-free RoboSats.Continue Reading
The bitcoin price tends to be cyclical, and we’re all trying to time the bottom. Can hash ribbons be the metric that predicts it? The question of whether the bitcoin price bottom is behind us is on the minds of many investors who are poised with the challenge: buy theContinue Reading
