Australia’s Consumer Price Index (CPI) was released this morning, surpassing expectations and indicating robust inflationary pressures: Quarterly CPI: Actual 1.0%, Expected 0.8%, Previous 0.6% Annual CPI: Actual 3.5%, Expected 3.4%, Previous 3.4% The stronger-than-expected inflation figures suggest a potential extension of the Reserve Bank of Australia’s tight monetary policy, propelling the Australian dollar higher against…
Two prominent crypto industry groups, the Blockchain Association and the Crypto Freedom Alliance (CFAT) of Texas, have filed a lawsuit against the US Securities and Exchange Commission (SEC) to contest a newly implemented rule expanding the definition of a “dealer” in securities. The complaint, lodged in a federal court in Texas, alleges that the SEC…
The incident occurred on April 23, marking the latest in a series of breaches targeting the national cryptocurrency project. This latest incident involved CiberInteligenciaSV posting snippets of the code used in Bitcoin Chivo Wallet ATMs throughout El Salvador. In their online message, the group stated, “This time I am bringing you the code that is…
Jack Dorsey’s fintech company Block Inc. announced on Tuesday that it has completed the development of its advanced Bitcoin mining chip, marking an important milestone for the firm’s mining project. Decentralizing Bitcoin Mining Per a statement shared by Dorsey over Twitter, Block’s three nanometre (3mn) Bitcoin mining chip is now in the process is completing…
On the hourly chart, the GBP/USD pair on Monday completed a decline to the level of 1.2300, rebounded off it, and returned to the Fibonacci level of 61.8% (1.2363). The rebound of quotes from the level of 1.2363 worked in favor of the American currency and the resumption of the decline towards the level of…
● Dogwifhat (WIF) has been rated a good crypto to buy following some major developments. ● Experts predict significant gains for Floki (FLOKI) despite a recent 40.57% dip. ● Analysts are optimistic that Bonk (BONK) is on course to begin a bullish run. ● Rebel Satoshi ($RBLZ) is now live on select Decentralized Exchanges (DEXs),…
The SEC’s hefty penalty suggestion last month is part of an ongoing legal battle where the commission accused Ripple of illegally raising $1.3 billion through unregistered securities sales of its XRP token to institutional investors. In contrast, Ripple has contended that these penalties are excessively punitive and unwarranted given the nature of the allegations, which…
Michael Welsh and Joseph Watkins, lead attorneys in the SEC case against Debt Box, resigned after a federal judge criticized the agency for “gross abuse” of power. Judge Shelby criticized attorney Michael Welsh for misleading the court and attempting to obscure the truth. Two attorneys from the United States Securities and Exchange Commission (SEC) have…
As the classic weather forecast goes in the Northern Hemisphere, April showers bring May flowers. Will it hold up for crypto exchange markets in Q2 of 2024 after a sharp correction this April? And if the market does recover in May, whose flowers will bloom brightest? Bitcoin price‘s four-year bull run seems imminent, but will…
The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices. Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly…