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Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist … Read more
3AC’s Kyle Davies becomes a connoisseur of white poultry, meanwhile SAI.TECH’s stock more than doubles on no news as Bruce Lee NFTs flunk. Go to Source Powered by WPeMatico
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ … Read more
YouTuber and Crypto Twitter personality Ben Armstrong openly mocked a federal judge’s authority, tweeting pictures of himself on a beach during an ordered court appearance. Go to Source Powered by WPeMatico
The company ceased its Ether mining operations long before the Merge Upgrade was completed. Go to Source Powered by WPeMatico
Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa’s Rand currency. Go to Source Powered by WPeMatico
According to onchain data, a bitcoin whale address transferred 2,071.5 bitcoin, worth approximately $60 million, after remaining dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that sent 10,000 bitcoin last summer for the first time in nine years and are associated with the now-defunct exchange Mt Gox. 2,071 Bitcoin … Read more
Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security. Go to Source Powered by WPeMatico
The American credit reporting agency is teaming up with Spring Labs and Quadrata for a new service that should make DeFi borrowing easier and less risky. Go to Source Powered by WPeMatico
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block … Read more