Day: February 10, 2022

XLM Takes Off With 20% Gain, SDF Outlines Drivers Which Could Fuel Rally

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XLM has been following the general sentiment in the crypto market and records bullish momentum in lower timeframes. The cryptocurrency records high volatility in the past day, as the U.S. published its latest Consumer Price Index (CPI) which continues to trend higher. Related Reading | Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upside As of press time, XLM is trading at $0.23 with a 1.7% loss in the last 24 hours, a 3.2% and 22.6% profit in the last hour and 30 days, respectively.…

US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth – Economics Bitcoin News

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Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report which shows inflation is not abating any time soon. The Consumer Price Index (CPI) essentially measures the average change over time that U.S. citizens pay for a basket of assorted consumer goods. The CPI for…

US Federal Reserve bank at the helm of CBDC research effort appoints new president

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The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer. The seat has become vacant in September 2021, when the then-president Eric Rosengren expedited his retirement amid a controversy around his securities trading while in office. Collins, who is Jamaican-American, will become the first Black woman in the Fed’s history to lead a Federal Reserve Bank. She will assume office on July 1. The Boston Fed is one of 12 regional…

How Bot Planet ecosystem turns Money Management into Fun Game

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Experts have already identified this year 2022 as the period of game finance (GameFi)  development and metaverse popularization. And if projects manage to successfully combine these two areas by offering simple and clear mechanics for managing and multiplying finances, then such companies immediately draw the attention of investors and users. One such project could be the Bot Planet ecosystem combining DeFi, GameFi and Play-To-Earn gaming solutions on one platform. How the company turns modern financial technologies into an exciting game is considered below. Manage and earn: new opportunities with Bot…

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Ethereum Beats Out Walmart, Mastercard To Be 25th Largest Asset In The World

Ethereum has been up with the recovery in the market, growing as fast as bitcoin in the space. This has seen the market cap of the cryptocurrency rise rapidly. While it had lost its footing in the list of top assets by market cap in the world following the price crash, it has since gained back enough of its previous value to put the digital asset above some of the largest companies on the list. Ethereum Is Bigger Than Walmart With a recovery above $3,200, Ethereum has once again solidified…

Canadian MP introduces bill aimed at encouraging growth in crypto sector

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Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill proposing the government set up a framework to encourage the growth of the cryptocurrency sector in the country. In the first reading of Bill C-249 in the House of Commons on Wednesday, Garner proposed having Canada’s Minister of Finance — currently Chrystia Freeland, a member of the country’s Liberal Party — consult with industry experts to develop a regulatory framework aimed at boosting innovation around cryptocurrencies. The bill, titled the “Encouraging the Growth of…

Los mercados cripto se mantienen estables mientras inversores institucionales compran bitcoin

El movimiento mostró una recuperación en los mercados, la cual comenzó el fin de semana pasado tras un desplome en enero. La capitalización total del mercado cruzó los $2.12 billones, hecho que significó una suba de 2,1% en las últimas 24 horas. Las criptomonedas alternativas (altcoins, en inglés) superaron el crecimiento de las principales criptomonedas, lo que hizo que el índice de dominio de bitcoin disminuyera un 0,4% y llegara hasta 39,6%. Source