Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.
Bitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss.
This is a rather bold proposal coming from European Commission president, Ursula von der Leyen, in her her annual state of the European Union address in Strasbourg. She has opened the door for Canada to become the first "associate member" of the EU, backing Canadian prime minister, Mark Carney's pitch for a more "unique security and economic alliance" with Europe. "Dear Mark, I said we must…
Ethereum is moving ahead with EIP-8141 while Coinbase-backed Base backs EIP-8130, leaving wallets and apps that span both networks facing different transaction systems.
An aggressive market expectations trap and a strict aversion to forward guidance have backed the Fed chair into a corner, where failing to deliver a hawkish message risks destroying the central bank’s inflation-fighting credibility.
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
EUROPEAN SESSION In the European session, the main highlight was the UK CPI report. The data came mostly in line with expectations, with a slight miss on Services CPI measure. For now, the BoE has enough reasons to keep rates steady and maintain a tightening bias given the soft employment data and limited inflation spillover. The market is pricing in around 80% chance of no change in rates at…
UK August CPI +3.1% vs +3.1% y/y expected Prior +2.9% UK August core CPI +2.6% vs +2.6% y/y expected Prior +2.6% The main readings are all within estimates, with UK headline inflation seen picking up again in August - jumping above 3% for the first time since March. Higher energy prices was the biggest contributor, amid an increase in prices for diesel and petrol. For some context, diesel prices…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
The UK inflation report for August today is going to be the main highlight in terms of economic data releases in the European session later today. With it coming just a day before the BOE rate decision tomorrow, it is the last meaningful piece of the puzzle for policymakers before they cast their votes. To start off, let's see what the numbers have to say. Headline annual inflation is expected to…
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.