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The demand for mortgage in the United States nosedived at the tail end of 2022 following a two-week reprieve. Mortgage demand in the US ended 2022 down 13.2%, with interest rates on the rise. Following a brief lull in the first half of December last year, mortgage application
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On-chain data shows the Bitcoin open interest RSI is currently forming a pattern that can lead to a short-term correction in the asset’s value. Bitcoin Open Interest 14-Day RSI Has Been Climbing Up Recently As pointed out by an analyst in a CryptoQuant post, a short-term bearish correction might soon take place
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After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value
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SBF remains under house arrest after posting a $250 million bail bond back in December.Sam Bankman-Fried (SBF) the embattled founder and former Chief Executive Officer of bankrupt FTX Exchange is set to appear in court today to start the criminal proceedings on his fraud charges where he is expected to
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Bonk was airdropped to several Solana NFT projects and has steadily gained interest among holders. Source
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“What most of the NFT market has realized is that it's this hybrid asset,” said Faruq, a former credit derivatives trader at Barclays. “But it is correlated to crypto, which is correlated to Nasdaq, which is correlated to global financial markets.” Source
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Tyler and Cameron Winklevoss, founders of Gemini cryptocurrency exchange, are reportedly facing a new lawsuit from investors over interest-earning program Gemini Earn.Disgruntled investors have filed a lawsuit against Gemini founders, accusing the firm of fraud and violations of the securities laws, according to a report by Bloomberg.Filed on Dec. 27
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Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT
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Bitcoin’s funding rate has been negative over the last couple of weeks. Last week saw the funding rate exit the neutral territory even as bitcoin prices continued to plummet. This past week was a hard one for every crypto stakeholder, as most of the coins were in a bloodbath. Bitcoin
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The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the
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