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Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’

February 2, 2023 7:14 am No Comments

The global crypto market cap is now at $1.09 trillion, a 3.88% increase over the previous day. Bitcoin’s price has surpassed the $24,000 barrier. Inflation in the world’s largest economy has begun to slow, according to Jerome Powell. In 2023, Bitcoin reaches $24,000 for the first time. According to Fed Chair Jerome Powell, 50% of inflation is in a “disinflationary” phase. The US Federal Reserve did not indicate that it is nearing the end of its rate hike cycle, but it expects inflation to fall soon. News Sorce

Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

February 2, 2023 7:14 am No Comments

Reality Labs lost $13.7 billion in 2022, according to earnings released by Meta on February 1. The division lost nearly $4.3 billion in the fourth quarter, which was particularly costly. CEO Mark Zuckerberg stated that he sees no reason to change the company’s long-term strategy. News Sorce

Crypto exploit losses in January see nearly 93% year-on-year decline

February 1, 2023 7:49 am No Comments

Crypto exploit losses fell nearly 93% year on year in January. In January, approximately $8.8 million was lost to crypto exploits, a significant decrease from this time last year. During the month, there were 24 exploits, with $2.6 million in cryptocurrency sent to mixers. Crypto-exploit losses in January were 68% lower than in December when $62 million in cryptocurrency was stolen. According to DeFi Yield’s Rekt database, January’s losses include a $2.6 million rug pull on the FCS BNB Chain token. News Sorce

Mastercard, Binance to launch their second prepaid crypto card in Latin America

January 31, 2023 8:27 am No Comments

In Latin America, Mastercard and Binance will introduce their second prepaid cryptocurrency card. Brazil has a higher rate of cryptocurrency adoption and use than the rest of the world. With a valid national ID, the card would let both new and current Binance users in the nation make purchases and settle bills using cryptocurrency. News Sorce

Mina token flies higher in big rally

January 31, 2023 8:27 am No Comments

The native token of the MINA platform is the MINA coin. A blockchain system called Mina aims to address scalability problems. It is one of the most effective and scalable blockchains available today, enabling the processing of millions of transactions without the need for enormous quantities of power or data storage. Users may keep their data secure while also retaining their anonymity thanks to Mina’s zk-SNARKs technology. Users can benefit from the security of the blockchain by taking advantage of transactions that are validated but keep the sender and receiver’s identities secret. The project’s staff has a strong history and is now working on applications for the real world. News Sorce

Elon Musk includes crypto in Twitter payments platform

January 31, 2023 8:26 am No Comments

The technology used by Twitter’s payment system will support both fiat and digital currencies. In order to handle internet payments and peer-to-peer transactions, Elon Musk co-founded PayPal in 1999. In November of the previous year, the social media site registered with the US Treasury. News Sorce

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

January 30, 2023 9:21 am No Comments

Nigeria has seen a 60% increase in the price of bitcoin since ATM withdrawals were restricted. Currently, 1 BTC costs $38,792 on the NairaEX cryptocurrency exchange in Nigeria. Over the price of Bitcoin on the open market, this amounts to a premium of more than 60%. It happens when the Central Bank of Nigeria keeps pushing for a cashless society among the populace. News Sorce

Bitcoin stays out of fear for 11 straight days as price tips near 24K

January 30, 2023 9:19 am No Comments

In the Crypto Fear and Greed Index, Bitcoin (BTC) has just recorded its 11th straight day outside the “Fear” zone. At 8:10 p.m. UTC on January 29, Bitcoin reached $23,955, its highest level of the year. BTC will likely surpass $25,000 this week, according to 57.7% of 3,725 respondents in a CoinGecko poll from January 29. However, only 21.2% of voters believe that BTC is poised for a decline under $22,000. News Sorce

Litecoin (LTC) Displays Consolidation – Can We Expect a Reversal Soon?

January 29, 2023 11:26 am No Comments

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. Price noted a decline as LTC receded from the overbought zone. Buyers still have the upper hand on the chart but a continued fall in accumulation will cause bears to secure Litecoin’s price action. Litecoin met with two rigid resistance levels before it started to move south again. Immediate resistance stood at $90, and if demand for the altcoin remains steady, then LTC might breach the $90 price mark. A continued price correction will force LTC to fall below the $86 price mark and settle at $82. News Sorce

Category: News

Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’

Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

Crypto exploit losses in January see nearly 93% year-on-year decline

Mastercard, Binance to launch their second prepaid crypto card in Latin America

Mina token flies higher in big rally

Elon Musk includes crypto in Twitter payments platform

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

Bitcoin stays out of fear for 11 straight days as price tips near 24K

Litecoin (LTC) Displays Consolidation – Can We Expect a Reversal Soon?

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