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Bitcoin
Russian State Duma Passes Digital Ruble Law
The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed…
Ethereum Tops New Crypto ESG Ranking, Bitcoin Slammed for Heavy Energy Usage
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its…
Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe
Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a…
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains…
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is…
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive…
Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are…
U.S. CPI Falls to 3% in June, Core Rate Drops to 4.8%; Both Better Than Expected
Economists had forecast sizable year-over-year declines in both headline in and core inflation for this report.
Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to…
Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the…