Month: March 2023

Crypto mining in 2023 — Is it still worth it? Watch Market Talks

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In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and how they have changed in the last few months. Have the prices gone up or down, and what kind of impact does Bitcoin (BTC) have on prices? Which miners are the most in-demand right now,…

India, UAE to explore CBDC bridge to facilitate trade, remittances without USD

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The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services. The parties will particularly concentrate on central bank digital currency (CBDC) interoperability and will develop a proof-of-concept and pilot program for a CBDC bridge to facilitate remittances and trade. Such a bridge would reduce costs and increase efficiency of transactions, they noted, and strengthen economic ties. Indian and UAE banking officials held talks in February on…

ECB Raises Interest Rates by Half Percentage Point amid Financial Sector Woes

After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation.  The European Central Bank (ECB) recently hiked interest rates by another half a percentage point following today’s Frankfurt meeting. The ECB’s latest rate hike comes amid financial woes in the US and European banking sectors, with stocks taking a hammering. However, the Eurosystem’s banking arm deemed the increase necessary in a press release earlier today. The publication on monetary policy decisions read: “Inflation is projected to remain too high for too long. Therefore, the Governing Council…

DOGE, SHIB Slip Following ECB Rate Hike – Market Updates Bitcoin News

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Dogecoin and shiba inu fell by as much as 5% in today’s session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis. As a result of this many now expect that the Federal Reserve will continue to increase rates also. Dogecoin (DOGE) Dogecoin (DOGE) fell by over 5% on Thursday, as markets reacted to the latest interest rate decision from the ECB. Many believe the Federal Reserve could take a similar approach, hiking…

Decentralize and the week’s Breaking News: SVB, USDC and BTC to 26k

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Breaking news and insightful views: Decentralize with Cointelegraph drops a new style of podcast, curated for you by the Cointelegraph news team. Breaking news and insightful views: Decentralize with Cointelegraph drops a new style of podcast, curated for you by the Cointelegraph news team.  Decentralize with Cointelegraph, hosted by Global Reporter Joe Hall dissects the crypto market’s breaking–and most impactful news of the past week. From the Silicon Valley Bank fallout to the Consumer Price Index to Bitcoin’s (BTC) brief price pump above $26,000, the period the week commencing March…

10 industry leaders’ tips for regulators as they start to scrutinize NFTs

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Many outside the crypto industry first heard of nonfungible tokens only within the last year or so, with most mainstream coverage focused on the digital artwork market. Those not in the know may well have thought NFTs would amount to nothing more than digital collectibles. However, industry pioneers grasped the full potential of NFTs, and new applications are surfacing that could impact multiple industries.  As the value of NFTs as assets is realized, regulation is sure to follow — but it won’t be as simple as applying the rules established…