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Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing,” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower.Using data from the Cambridge Bitcoin Electricity Consumption Index and by mapping out the
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The U.S. economy is still scrambling with a labor shortage as a result of the pandemic, which left 10.9 million jobs vacant at the end of 2021. But the employment situation summary signals a strong recovery from pandemic levels as the labor market continues to add jobs. Just before COVID-19
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Bitcoin (BTC) continued to fight for $43,000 support at the Wall Street open on March 24 amid fresh jitters tied to United States economic policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewKashkari warns of "overdoing it" on hikesData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying just below the $43,000 mark
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The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited
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"As DAOs spread, they will usher in a new way of working and a fierce new era of digital competition, and in doing so, transform traditional organizations." (EY Global Blockchain Leader Paul Brady, for CryptoX) ... "But whether the economy can withstand rising rates during a period of geopolitical turmoil
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Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed singles out Ukraine war in inflation commentsData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the
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Generally, altcoins outperform during bull markets because they have a greater risk profile relative to bitcoin. And during down markets, bitcoin outperforms as investors reduce their exposure to risk. So, when correlations are high, there is less opportunity to reduce volatility in a crypto portfolio, which is why some traders
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“I'd say that the market is not going to react to the rate hike but will likely react very sharply to anything said in the statement or more likely, the press conference, that indicates a change in the quantitative easing exit schedule or the start of quantitative tightening,“ said Bob
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Bitcoin dropped and U.S. stock futures nursed losses as interest rate derivative traders expect that the U.S. Federal Reserve (Fed) could raise rates seven times this year and the tightening cycle would peak at a level higher than previously anticipated. Original Source
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