bitcoin
Crypto Currency

After the U.S. CPI Report revealed slower-than-expected November inflation, the price of bitcoin increased.

In a sign of success in the Federal Reserve’s drive to rein in spiralling inflation, the U.S. consumer price index (CPI) increased by 0.1% in November compared to the month before, less than forecast from October’s 0.4% pace. The CPI increased 7.1% on an annual basis, according to data released by the US Labor Department […]

bitcoin
Crypto Currency

Ethereum and Bitcoin Price Increase Following Jobless Claims Data

On Thursday, cryptocurrency prices increased as Dow Jones futures increased following the most recent report on jobless claims.On Wednesday, digital assets decreased in value as the stock market continued to decline due to concerns over interest rate hikes and a possible global recession. Many professionals reject Sam Bankman-regrets Fried’s for the FTX catastrophe.Brian Armstrong, CEO […]

crypto bitcoin
Crypto Currency

BlackRock CEO: FTX Token caused its demise, but technology is still cutting-edge

BlackRock’s CEO considers the tokenization of securities as the next stage in the development of the financial market, despite having issues with tokens produced by centralised exchanges. According to the CEO of BlackRock, the largest asset management company in the world, FTX failed because it developed its own FTX Token, which was centralised and incompatible […]

bitcoin
Crypto Currency

Bitfront, a cryptocurrency exchange, closes

Bitfront claimed the action had nothing to do with current disputes involving certain cryptocurrency exchanges that have been accused of “misconduct.” Despite attempts to overcome difficulties in the quickly developing business, Bitfront, a U.S. cryptocurrency exchange sponsored by Japanese social media company Line Corp, announced it has ceased new sign-ups and credit card payments and […]

bitcoin
Crypto Currency

Will revealing proof of reserves restore faith in the cryptocurrency ecosystem?

Trust once lost is a challenge to regain. With losses totaling billions of dollars, FTX, one of the biggest cryptocurrency exchanges in the world, collapsed, casting doubt on the industry’s credibility. People with even a passing familiarity with digital currencies sometimes debate the trustworthiness of centralised exchanges, crypto wallets, and even well-known developers. Regular release […]