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Weekly overview

BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Bitcoin begins to deal with fresh U.S. macro cues as BTC price steadily holds $17,000 support. Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic…

Continue ReadingBTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts

CZ and SBF duke it out on Twitter over failed FTX/Binance deal

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

The former FTX CEO claimed that Binance “threatened to walk at the last minute” without an additional $75 million, accusing CZ of lying about his role in the deal. Binance…

Continue ReadingCZ and SBF duke it out on Twitter over failed FTX/Binance deal

Amber Group ditches expansion plans after denying insolvency: Report

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January. Cryptocurrency trading firm Amber Group is putting its…

Continue ReadingAmber Group ditches expansion plans after denying insolvency: Report

SBF ‘willing’ to testify at House hearing on the FTX collapse

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Despite missing a response deadline, Sam Bankman-Fried says he’s willing to testify at a U.S. House hearing into the collapse of FTX. Former FTX CEO Sam Bankman-Fried has indicated that…

Continue ReadingSBF ‘willing’ to testify at House hearing on the FTX collapse

Bitcoin mining project in Kenya helps power rural community

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates. A hydro-powered crypto mining project based in…

Continue ReadingBitcoin mining project in Kenya helps power rural community

What is stagflation, and how could it impact the cryptocurrency markets?

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn? What does stagflation mean for Bitcoin?As stagflation goes…

Continue ReadingWhat is stagflation, and how could it impact the cryptocurrency markets?

UK pushes crypto efforts forward through financial services reforms

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

The reforms include regulating stablecoins as a means of payment and creating a sandbox where firms and regulators can test new financial technologies. The United Kingdom’s Chancellor of the Exchequer,…

Continue ReadingUK pushes crypto efforts forward through financial services reforms
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