“Our view that there has been a profound paradigm shift in the global economy: The risk of inflation being durably above official targets is now a serious risk, and it is featuring prominently in corporate and household decisions once again,” Deutsche Bank strategists wrote in a research note...
Twitter is launching a dedicated cryptocurrency team as it continues to support the adoption of digital assets and decentralized apps.Twitter has tapped Tess Rinearson to lead its new cryptocurrency team. Prior to joining Twitter, Rinearson worked at Tendermint on the consensus engine Tendermint Core, and previously worked at...
From the bitcoin mining industry’s perspective, the case is clear-cut. Financially, bitcoin invites anyone to participate. Anyone can transact freely, enforce the rules with a node or even earn bitcoin by simply plugging into the network. Compare that to the incumbent financial system that has sidelined millions of...
This episode is sponsored by NYDIG.Download this episodeNew statistics show a 6.2% rise in the consumer price index (CPI) year over year for October. On today’s episode, NLW breaks down the news, discussing:How the 2020 inflation debate set up the current bitcoin bull runThe debate around “transitory” inflation in...
The attack by the Hive ransomware group encrypted MediaMarkt’s servers, causing the retailer to shut down its IT systems to prevent further spread. This caused many stores, mainly in the Netherlands, to be unable to accept credit and debit card payments. Team Valhalla
Crypto miner MineOne has raised more than $20 million for its first round of funding since launching the company last month.The company said it plans to both raise $200 million and expand its global operating capacity to 400 megawatts by the end of 2022.It currently has 80,000 miners,...
Crypto exchange Huobi Global will close the accounts of all Singapore-based users by March 31, 2022 to comply with local regulations, the exchange said in a statement on Tuesday.Huobi claims to be expanding its overseas presence to make up for expelling Chinese users, which represent half of its...
Infura, a blockchain development tool from ConsenSys, now has over 350,000 users for its service to connect to Ethereum and build decentralized apps (dapps).The product has seen the number grow from 100,000 less than a year ago, an increase of 250%, Consensys announced Tuesday.Infura allows developers to connect...
Lawful crypto mines will not face restrictions or be disconnected from the national grid, as long as they don’t compromise the country’s energy security, Kazakhstan’s Minister of Energy Magzum Mirzagaliyev said at a meeting with the mining industry, according to a ministry press release on Wednesday. Team Valhalla
Bitcoin was roughly flat the past 24 hours, trading at about $67,300 at the time of publication. The No. 1 cryptocurrency by market capitalization spent most of U.S. trading hours on Tuesday ranging between $63,500 and $68,500, with a slightly elevated volume across major centralized exchanges. Ether was...