The U.S. Consumer Price Index remained unchanged in May, outperforming economists’ expectations of a 0.1% rise and down from 0.3% in April. On a year-over-year basis, CPI increased by 3.3%, slightly lower than both the forecast and April’s reading of 3.4%. The core CPI, excluding food and energy costs, rose 0.2% in May, better than…
Solana crypto wallet startup TipLink is simplifying blockchain access for newcomers by eliminating the need for traditional wallet browser extensions. Their new service, TipLink Wallet Adaptor, enables users to create in-browser wallets linked to their Google accounts, bypassing the need to set up wallets like Phantom or Solflare before receiving tokens. TipLink CEO Ian Krotinsky…
The Ethereum Name Service topped CryptoSlam’s non-fungible token market on Monday with over $4.27 million in sales. Although not classified as a typical NFT collection, ENS utilizes NFT technology to offer decentralized domain names on the Ethereum blockchain. This allows users to convert Ethereum addresses into human-readable formats, with each registered ENS domain corresponding to…
Bitcoin is currently trading down more than 3% over the past 24 hours, sitting at $67,171.52, according to data from Benzinga Pro. Robinhood Markets, Inc. (NASDAQ:HOOD) recently announced the acquisition of Bitstamp Ltd., a well-established global cryptocurrency exchange. Robinhood’s expansion into the cryptocurrency space is adding pressure on existing crypto exchanges like Binance and Coinbase,…
Cryptocurrencies plunged deeper into correction territory on Tuesday, with bitcoin (BTC) dropping to nearly $66,000. This comes as traders brace for Wednesday’s key U.S. inflation report and Federal Reserve meeting. Bitcoin (BTC) started the day trading around $70,000 but fell to a three-week low of $66,170 during the U.S. session. It slightly rebounded to approximately…
Bitcoin led the investment charge last week, accumulating over $1.97 billion in inflows, while Ether experienced its strongest week since March, attracting nearly $70 million in inflows. Expectations are mounting among some traders regarding continued buying activity in Ether-tracked products, with projections of the asset reaching the $10,000 price level by 2024. In a report…
Bitfarms Ltd., a Bitcoin mining company, is adopting a “poison pill” shareholder rights plan in response to an unsolicited takeover offer from larger rival Riot Platforms Inc. A poison pill strategy is designed to deter corporate takeovers by making the acquisition too costly for the acquiring company. Under the terms of Bitfarms’ plan, if an…
Cryptocurrency custody firm Fireblocks has announced a partnership with Coinbase International Exchange, the non-U.S. division of Coinbase Global Inc. (NASDAQ:COIN), to provide more secure trading features for institutional and retail clients in eligible jurisdictions, the companies reported on Monday. Through this partnership, Fireblocks customers can now link their accounts with Coinbase International Exchange, safeguarding operations…
The crypto lending sector is experiencing a revival following the “crypto winter” that saw the collapse of major players, thanks to the introduction of spot Bitcoin exchange-traded funds and the return of assets to creditors from bankrupt companies. “What I’m seeing is that this market has come back roaring,” Mauricio Di Bartolomeo, co-founder of crypto…
Bitdeer, a prominent Bitcoin (BTC) miner, has announced its acquisition of Desiweminer, a designer of chips for ASIC mining machines, in a significant all-stock transaction valued at $140 million. This strategic move aims to bolster Bitdeer’s capabilities in ASIC chip design and enhance its position in the competitive cryptocurrency mining industry. According to the announcement…