Day: October 10, 2024

Solana Blockchain On Fire, Registers 11% Growth In Just 1 Week

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Este artículo también está disponible en español. Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. Related Reading According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are interested in this space. 🧑‍💻 Looking at full crypto ecosystem development activity provides nice long-term roadmaps as to which are innovating and gaining on the ultra-competitive…

Why Is Bitcoin Price Stagnating? Investment Firm CEO Answers

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Este artículo también está disponible en español. The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China. Why Is Bitcoin Stagnating? Kang challenges the prevalent market belief that interest rate cuts by the Federal Reserve will significantly boost Bitcoin and crypto prices.…

Bitcoin Price (BTC) Declined Further After Poor Inflation Data

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Today’s inflation numbers are likely to reinforce the idea that the Fed may pause any rate cuts in November, but offsetting the disappointing CPI might be some weak employment data. Initial jobless claims – which had pretty much flatlined at very low levels for many weeks – shot higher to 258,000 last week from 225,000 previously and versus forecasts for 230,000. It’s unclear, though, how much the aftermath of Hurricane Helene might have affected the data. Original

Put developers at the center of web3

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 development has stalled. The concepts that have dominated the current crypto cycle—L2s, DeFi, RWAs, gaming, and prediction markets—originated in the previous cycle. We’re not growing, and we’re not innovating—we’re stuck.  The web3 dev community has done historic work, but that community is vanishingly small—approximately 22,000, less than 0.1% of the estimated 27 million developers worldwide. We can’t onboard “the next billion users” until we onboard the…

Bitcoin Returns to $61K Ahead of September CPI Report

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The minutes from the September Fed meeting, released Wednesday, showed policymakers were divided on how aggressive the central bank should be. “A substantial majority of participants” favored cutting the interest rate by half a percentage point, though some expressed misgivings about going that large, the minutes said. “Crypto sentiment has moved back into the fear zone (39), reinforcing the contrast with 72 (greed) in equities,” said Alex Kuptsikevich, a senior analyst at FxPro. “This dynamic is easily explained by the appreciation of the dollar and the increased attractiveness of bonds,…

Are We Near A Major Sell-Off?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…