Day: October 5, 2022

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion – Economics Bitcoin News

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A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise rapidly. Fed’s Nowcasting Report Shows Inflation May Not Have Peaked, Data Predicts September and October Core CPI to Jump 0.5% The U.S. central bank may not be too keen on slowing down rate hikes if…

AWS re:Invent 2021 – Amazon Managed Blockchain: When to use blockchain

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Building enterprise blockchain applications on your own infrastructure is often expensive, complicated, and time-consuming. Amazon Managed Blockchain makes it easy to build scalable blockchain applications by eliminating the need to set up and manage infrastructure, allowing you to focus on writing applications for your business. This session helps you identify if blockchain is a good solution for you and what type of blockchain is best suited for your use case. Also, hear customer stories from decentralized finance, financial services, automotive, aviation, gaming,…

Spike In Bitcoin Open Interest Forecasting A 2021 Bullrun To $69K?

Bitcoin is losing steam on low timeframes as the price is rejected from the $20,000 and seems poised to re-test previous support levels. The cryptocurrency enjoys a short-lived bullish price action, but buyers have been unable to push further.  At the time of writing, Bitcoin (BTC) trades at $20,000 moving sideways in the last 24 hours and with a 5% profit in the last 7 days. Other cryptocurrencies in the top 10 by market cap record negative performance and steeper losses than BTC’s price except for Dogecoin and XRP. BTC’s…

Mainstream NFT adoption will be driven mostly by their utility

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Nonfungible tokens (NFTs) have seen a stratospheric surge in popularity accompanied by sky-high values, giving rise to legitimate and ongoing worries about a market bubble, as many projects lacked real-world application or utility. NFT utility is an essential component because it adds value and functionality to the technology. One of the most well-known use cases for NFTs is the ownership of digital art pieces like CryptoPunks. Play-to-earn (P2E) gaming is another use case that had massive popularity in 2021. NFTs can assist firms in various sectors with their operations since,…

Mythical Games Creates Mythos Foundation to Decentralize Web3 Gaming

He added that the first proposal includes dividing the DAO into three subcommittees focused on game developers, esports and guilds, and Web3 and the metaverse. Within those subcommittees, groups such as game developer Ubisoft, esports group FaZe Clan, and venture capital firm Animoca brands, will contribute to the governance of the DAO in those areas. Members of the subcommittees will need to be elected through the Mythos DAO by holders of its new governance token $MYTH, an ERC-20 token with a total supply of 1 billion. Source

Hedge Fund Two Sigma to Provide Data to Blockchain Information Network Chainlink

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Polygon Spikes 6.5% In Last 24 Hours; Investors See Bullish Run

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Polygon (MATIC) is currently having a rally of its own as it recovered from its range low of $0.721 recorded last September 22. MATIC is the only asset in top 20 cryptocurrencies to record double-digit gains for the past week Buyers are back and so is the buying pressure, propelling the asset to go higher Polygon now has two versions of SynFutures mainnet At press time, data from CoinGecko shows the crypto is trading at $0.837 and has been up by 13.1% for the last seven days. Among the top…

Bitcoin repeats key bear market move as $19K becomes key BTC price zone

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Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals. In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis. Bitcoin investor cost basis buoys market Bitcoin price action is currently characterized by volatile moves within a clearly defined range only around $4,000 across. Having held since June, this range contains what immediately stands out as a focal point — the prior halving cycle’s all-time high of…

BTC Climbs to 2-Week High – Market Updates Bitcoin News

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Bitcoin continued to trade above $20,000 on Wednesday, as the token remained near a two-week high. Bullish momentum in cryptocurrency markets has been higher this week, with prices surging after a recent downward spell. Ethereum, on the other hand, was largely unchanged in today’s session. Bitcoin Bitcoin (BTC) was once again trading above $20,000, as the token continued to trade near a two-week high. BTC/USD surged to a peak of $20,479 late in Tuesday’s session, which was its highest point since September 13. On Wednesday, prices remained near this level,…