Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%
The miner now sees year-end computing power at 5.5 exahash per second (EH/s) Original Source
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Hikes
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’ – Economics Bitcoin News
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well
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Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis – Markets and Prices Bitcoin News
Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm
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IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
Because the U.S. dollar is the world’s reserve currency, the Federal Reserve is by default “the central banker to the world,” Bove argues, which means that if the Fed tightens, all other major central banks must follow suit if they want their country’s currency to remain on the same level
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Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed – Bitcoin News
Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising interest rates. Wood says that the “unprecedented 13-fold increase
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Bitcoin Is Upbeat Above $20K as Investors Grow Optimistic That Steep Rate Hikes Will Soon End; Kim Kardashian and the SEC’s Publicity Grab
Ether was recently changing hands above $1,350, up more than 5% from the previous day, same time. Other major altcoins spent much of the day firmly in the green with DOGE rising more than 10% after Elon Musk, a champion of the popular meme coin, indicated he would be willing
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UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases – Economics Bitcoin News
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy
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Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in
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As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K
The largest cryptocurrency by market capitalization was recently trading at about $19,350, up about 5% over the past 24 hours. BTC dipped below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed's 75 basis point increase, but crypto investors started to return in Thursday's early
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Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; ‘Reverse Currency Wars’ Gain Steam
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