Bitcoin Tops $20K as Inflation Expectations Slide, Hopes For 2023 Rate Cut Persist
ING expects a rate cut in June 2023 followed by further easing in the second half of the year. Source
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New Global CBDC Platform Could Cut Payment Costs, IMF Says
“The worry is that the longer this takes, the more national authorities will get locked into differing regulatory frameworks,” Aditya Narain, deputy director of the IMF’s monetary and capital markets department, wrote in a paper. He called for a global response to be coordinated, consistent and comprehensive, to cover “all
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Cryptocurrencies copying Bitcoin don’t really make the cut, experts say
Cryptox’s Joseph Hall interviewed Bitcoin (BTC) advocates Pierre and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast, at the Surfin’ Bitcoin 2022 event held in France. The group talked about how France can attract more miners, where Bitcoin fits in terms of financial planning and the difference between
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Digital Asset Platform Bakkt’s Q2 Loss Narrows to $27.6M; Year Revenue Forecast Range Cut
Bakkt, however, toned down its guidance for the year. The digital asset platform now expects net revenue to grow to $57 million to $62 million during 2022, compared with its earlier guidance of $60 million to $80 million. It also expects to use $135 million to $140 million of cash
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Riot Blockchain Mined 28% Less Bitcoin in July as Heat Wave Cut Power Supply
Several bitcoin miners temporarily halted mining operations as energy demand soared in July due to heat waves that swept through the U.S., particularly in Texas. Riot curtailed 11,717 megawatt hours in July, enough to power 13,121 average homes for a month, Les said, adding that it lowered power costs for
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US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions.According to a Thursday report from the Financial Times, U.S. diplomats requested several of the 31 crypto exchanges licensed to do business in Japan
Read MoreHuobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
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Marathon Digital Cut to Neutral at B. Riley on Bitcoin Price Declines
For second quarter estimates, the broker forecasts BTC to average approximately $32,522, which is based on an average quarter-to-date price of $33,805 and assumes a $22,000 price for the rest of the quarter. For the third quarter and fourth quarter, B. Riley forecasts BTC to average $25,000 and $30,000, respectively.
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Crypto Exchange Bitget Plans to Double Workforce as Peers Cut Back in Bear Market
Unlike exchanges like Coinbase and Gemini, the derivatives platform plans to increase its staff. Source
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Iranian government to cut power supply for the country’s legal crypto mining rigs
According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting the power supply to all of the country's licensed crypto mining firms by the beginning of July.Citing an anticipated electricity deficit from the peak-summer
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