Given that the bear market isn't over, what passive income sources do you intend to employ during this bear market? Making passive income is one of the simplest strategies for surviving the crypto market's decline. I am certain that DCA is not the only option. Many people are searching for ways to make money because…
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Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says The chief executive of HSBC, Noel Quinn, talked […]
Crypto prices have maintained a strong correlation with most macroeconomic factors. It’s no longer debatable that inflation affects the trend in the crypto market. Most past digital asset declines took root from the swing in the general global economy. The intensity of the crypto winter through the year’s first half had accumulated strength from potential inflation. However, due to the suspicions of inflation rise in the economy, crypto prices have shown signs of decline. The recent data on CPI have even pushed the market to another red region. Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 The Consumer Price Index (CPI) is an economic indicator that measures inflation through the movement of the cost of goods and services. The percentage increase in the CPI over a given period provides the economy’s inflation rate for the given time. However, the report for July brought a slight relief as CPI indicated almost zero impact on inflation. With the positive significance of July’s information on the crypto industry, lots of hope got high. Many participants expect a more favorable result for August, but their expectations have been squashed. CPI Data Gets Below Crypto Community Expectations Finally, August’s released CPI report contradicts the crypto space’s expectations. The result revealed a 0.1% MoM change and an 8.3% YoY change, indicating a wrong value for the industry. The crypto market had estimated the CPI to be -0.1% MoM and 8.1% YoY. Also, against the anticipated core CPI of 6.1%, the real value is a 6.3% YoY rise. With the outcome of the CPI data, prices in the crypto market have started dropping. Bitcoin and Ethereum are taking the news badly as BTC and ETH have plummeted. The action of the crypto assets over the CPI data is not surprising. This is due to the impact of inflation on cryptocurrency volatility. While making its monetary policy, the Federal Reserve always considers the CPI. Currently, the Fed is using a hawkish approach as its control measure over inflation in the US. But, per Fed chair Jerome Powell, the Fed’s stance in controlling inflation will bring pain to businesses and homes alike. Potential Hike In Interest Rates Could Hit The Market Seeing the CPI data getting worse means more aggressive curbing actions from the Fed. A better report would have eased the tightening measures of the Fed. According to the CME Fed Watch tool, the Fed may impose about a 75bps rise in the interest rates. Such a hike in rates is a sad story for the prices of crypto assets. While hopes are dropping for a potential salvage in the crypto market, some hands are pointing to the Ethereum upgrade. The Merge is promising in the industry and could facilitate a price rally in the future. Related Reading: Bitcoin ETF Inflows Returns After Abysmal Phase But lots of traders have no confidence in the success of the upgrade. Hence, the crypto market could not have a handy savior. Featured image from CNBC, chart from TradingView.com
I just got a notification for a deposit and, without clicking any links or even opening a browser on the same device, I logged in and after checking my "Funding" page, it looks like I got about 2.25 ETHW deposited into my account. I'm not sure why I got that amount- it doesn't match any…
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Once blockchain games can offer a similar experience to League of Legends or Fortnite they will become more popular, argues Blowfish Studios’ Luke Sillay.
Hello, I'm a graduate student at Georgia Tech, College of Computing. I'm currently taking a class in Human Computer Interaction: https://omscs.gatech.edu/cs-6750-human-computer-interaction It's basically about interface design and the underlying principles. For the research project, I chose the Ledger wallet as my topic, and I'm trying to gather some user experience feedback through the form of…
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Are there any tools to monitor individual wallet activity? I am looking to track our customer wallets on their transaction history, asset holdings (ERC20 tokens, NFT holdings on ETH network) to have an idea of what kind of customers we have. Etherscan allows this but I have to manually search addresses one-by-one. I was going…
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Post-Merge Ethereum has now detached itself from the “crypto mining is bad for the environment” narrative, following its transition to proof-of-stake.
Title says it all. Not sure what’s worth mining now. GPU is an nVidia 3070. I didn’t make a lot of money but it paid the video card itself. submitted by /u/LordMinax [link] [comments]
I see a lot of people complaining about Metamask security on Reddit and asking for wallet alternatives. Of course Metamask itself doesn't get hacked, people are talking about phishing attacks. But is it really that easy to get scammed? Don't you have to sign a transaction that gives the third party access to your funds,…
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