Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation
The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.
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Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address…
Bitcoin yet to prove inflation hedge status, but the time may come soon
As inflation numbers across the globe continue to rise, is it only a matter of time until Bitcoin’s potential as a store of value is recognized?
Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis
However, the lack of statistical correlation between inflation and crypto prices has not deterred many investors from viewing the asset in this way.
Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay
The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.
Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerome Powell
Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives…
New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year
Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from…
AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president…
Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion.…
Bloomberg strategist explains why 30-year US bonds have ‘bullish implications’ for Bitcoin
Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting.