Turkey’s crypto law is ready for parliament, President Erdoğan confirms
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira’s falling value. Go to Source Powered by WPeMatico
Inflation
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Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC … Read more
Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap
Traders look for a market-wide recovery now that the Fed confirmed at least 3 rate hikes and a wind down of its bond purchasing policy in 2022. Go to Source Powered by WPeMatico
Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’
On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational … Read more
3 reasons why Ethereum price can drop below $3K by the end of 2021
The bearish setup appears amid growing divergence between the Ether price and momentum. Go to Source Powered by WPeMatico
Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the … Read more
Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years
CPI data is in line with forecasts but still shows a huge spike, while the long-term consequences for Bitcoin are far from universally positive. Go to Source Powered by WPeMatico
Crypto market eyes recovery ahead of key US inflation data release
The Asia Pacific and European markets slide in caution ahead of key U.S. inflation data. Go to Source Powered by WPeMatico
Bitcoin hovers near $48K ahead of fresh key US inflation data
Inflation marks just the start of some key macro decisions which could keep Bitcoin down for months, warnings say. Go to Source Powered by WPeMatico
Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Go to Source Powered by WPeMatico