Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin

As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs … Read more

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. War, Sanctions Lead to Wider Spread of Crypto Assets, Report … Read more

Bitcoin Has Already Moved From the Hands of Speculators to HODLers, Believes Glassnode

Bitcoin cannot get out of the range it has been trading in since February. Nevertheless, according to Glassnode analysts, the redistribution of coins from speculative investors to hodlers has already been completed. The experts again reminded traders about the accumulation of coins in the range of $35,000 – $42,000. Comparing UTXO at the time of … Read more

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