News
The Electric Reliability Council of Texas (ERCOT) has issued a voluntary conservation notice for August 26th, asking customers to reduce electricity usage between 3pm to 9pm due to low wind power generation and high demand. This has implications for the burgeoning Bitcoin mining industry in Texas, which relies heavily on
News
Brazil has proposed using Chinese yuan to guarantee exports to Argentina amid the neighboring country's dollar shortage. The plan involves Brazil's state bank and aims to provide payment security for traders. But how might this impact Bitcoin? On the surface, the proposal seems focused on bilateral
News
Dollar Tree plans to lock up merchandise and discontinue some products amid rising inventory shrinkage from theft. This signals a weakening economy that could influence Bitcoin. The cryptocurrency has traded tightly with equities, falling on recession fears. So what does Dollar Tree's move suggest for BTC? After the
News
Dow Jones futures bounced back on Friday despite hawkish comments from Fed Chair Jerome Powell, extending a choppy rally attempt. The major indexes snapped three-week losing streaks, with the Nasdaq gaining 2.3%. However, stocks reversed sharply on Thursday from the 50-day line. Leading AI stock Nvidia jumped 6.3%
News
The IRS announced it is pushing back implementation of a law requiring higher earners to make 401(k) catch-up contributions to after-tax Roth accounts. The change delays closing a major tax loophole for wealthy Americans, granting them continued ability to reap deductions on pre-tax 401(k) contributions until 2026. The
News
At the recent BRICS summit in Johannesburg, the bloc of major emerging economies announced plans to explore creating a shared payment system. While details remain sparse, the initiative aims to facilitate trade using local currencies and provide an alternative to dominant networks like SWIFT. The move comes as Russia seeks
News
Klaviyo, a marketing automation company, filed for an initial public offering on Friday, becoming the latest tech firm to test public markets amid an otherwise tepid IPO environment so far in 2022. The filing comes on the heels of grocery delivery app Instacart submitting its own IPO paperwork on the
News
Former French President Nicolas Sarkozy is facing trial over claims that his 2007 presidential campaign received 50 million euros in illegal financing from the late Libyan dictator Moammar Gadhafi. This decade-long investigation has gripped France and could have ripple effects across politics and economics if proven true. But how might
News
On-demand grocery delivery giant Instacart finally unveiled its much-anticipated IPO filing this week. After over a decade of impressive growth and nearly $3 billion in funding, Instacart is ready to hit the public markets. But what does the profitable company's forthcoming IPO mean for crypto and Bitcoin in
News
Federal Reserve Chair Jerome Powell sent a clear message in his highly anticipated speech on Friday - the fight against inflation is not over. Speaking at the Kansas City Fed's annual Jackson Hole symposium, Powell acknowledged recent declines in inflation but emphasized it remains too high. He hinted
News
Internet Computer's ICP token saw a small -0.16% price dip over the past hour, with prices declining slightly to around $3.51 according to the latest market data. While not a major downturn, analyzing this move still provides an opportunity to better understand the current ICP trends
News
Monero's XMR token saw a small 0.34% price increase over the past hour, ticking up to around $141.83 according to the latest market data. While not a huge price movement, Monero's ability to post gains while broader crypto assets decline makes this an opportune
News
Avalanche's AVAX token experienced a small -0.30% price dip over the past hour, declining slightly to around $10.04 according to the latest market figures. While not a major drop, this move provides an opportunity to analyze the short-term and long-term trends around AVAX to inform trading
News
Polkadot's DOT token saw a small -0.05% price decrease over the past hour, with prices dipping slightly to around $4.49 according to the latest market data. While not a major downturn, analyzing this minor blip still provides an opportunity to better understand the current DOT trends
News
Cardano's ADA token saw a slight 0.12% price increase over the past hour to $0.2601, according to the latest market data. While not a huge surge, this move upwards provides an opportunity to analyze the broader trends around ADA and what they could mean for traders
News
Dogecoin (DOGE) experienced a 2.11% price drop over the past 24 hours, with the meme-inspired cryptocurrency now changing hands at $0.06226. This latest move lower brings DOGE down after hitting 2023 highs of $0.081 earlier this month. In this report, we'll analyze Dogecoin's