Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest rate in March and St. Louis Fed president James Bullard believes the
DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital assets a lot more convenient.” DBS Bank to Offer Crypto Trading to Retail Customers
The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks in Interest-Bearing Crypto Accounts The U.S. Securities and Exchange Commission’s Office of Investor Education and
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware Revenue
Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm. Resistance attacks slowly form Data from Cointelegraph Markets Pro and TradingView tracked local highs of $44,543 for BTC/USD on Bitstamp. Already up over 6% on the day, the pair saw a slow return to resistance levels after abruptly halting
Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that’s also popular among the country’s Bitcoin investors. In a securities filing late Monday, the industrials conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A stock in
It is not the first time the U.S. Securities and Exchange Commission (SEC) rejected proposals for a Bitcoin spot exchange traded product (ETP), but efforts continue to be made by different financial institutions. The recent attempt made by Cboe BZX Exchange on Jan. 25 to list the Fidelity Wise Origin Bitcoin Trust as a Bitcoin
Airdrops, going ‘multi-chain’ and massive multi-million dollar developer incentives were some of the key marketing and rebrand tactics blockchain projects used in 2021. This trend appears set to continue in 2022 and Gnosis (GNO) appears to be jumping on the bandwagon. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of
Bitcoin (BTC) opted for fresh upside on Feb. 15 as a trip to near $40,000 saw an abrupt change of direction. RSI prints classic bull signal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly overnight into Tuesday, going on to pass $44,000. A classic relative strength index (RSI) breakout, this time on the
This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on the market. First up, we’ve got Bourgi’s pick of Wilder World, which allows you to interact with its immersive
On Tuesday privacy coin Monero (XMR) mining pool MineXMR’s hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org, last August, the pool only contributed to 34% of the hash rate
Global and macroeconomic concerns ranging from rising inflation rates in the United States to the prospect of Russia invading Ukraine continue to spark volatility in financial markets. To the surprise of many analysts, the mood in the cryptocurrency market shifted in a positive direction on Feb. 15 after Bitcoin (BTC) climbed to $44,500 and Ether
Ethereum has been one of the greatest performers among the leading crypto currencies in 2021, with a price increase of about 330 percent over the course of the year. However, after hitting a new high of $4,847 in early November 2021, the price of ETH plummeted by more than 70% in January 2022. Ethereum Poised
A hacker has made off with $2 million in bug bounty after finding an alarming vulnerability with the Ethereum network. This bug could have been very bad if it had been found by black hat hackers who could have exploited the digital asset for billions of dollars worth of ETH. Instead, a ‘grey hat’ hacker
U.S. cryptocurrency exchange Coinbase (COIN) has seen its shares dive 5% pre-trading after a calamitous advertising debut at the Super Bowl 2022. Data from Cointelegraph Markets Pro and TradingView showed COIN preparing to open at $194.53 before Monday’s Wall Street open. Snowden: Coinbase crash “so very internet” The Super Bowl 2022 has been an event
Cryptocurrency has become one of the most widely discussed topics of 2022. As such, it shouldn’t come as a surprise that mentioning “crypto” in an online dating profile may generate additional attention. A newstudy from brokerage firm eToro found that 33% of Americans who were surveyed would be more likely to go on a date
Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship and for business, a fair sign of making it in the real world. This year, however, marked a new milestone for the crypto community as FTX, eToro, Crypto.com and Coinbase debuted crypto ads in Super Bowl 2022. With
DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO. DBS Bank CEO Piyush Gupta spoke of the bank’s cryptocurrency business during the Q4 2021 earnings call on Monday, stating that the company will focus on measures to further scale its crypto
Bitcoin (BTC) starts the week with a slow drag downhill towards pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent U.S. dollar and more. The picture is, as always, mixed — while spot price
Ethereum (ETH) is trading at USD2,932.45, with a trading volume of USD9,666,018,686 in the last 24 hours. Ethereum price posted a gain of 1.23%, a 24-hour low of $2,870.18, and a high of $2,980.08. It is currently at the No. 2 spot on the Coin Market Cap chart, with a current market cap of USD350,616,744,281.