Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%
The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. Go to Source Powered by WPeMatico
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The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. Go to Source Powered by WPeMatico
Exodus reported nearly $96 million in revenues for the fiscal year of 2021, which is a 350% increase year-over-year. Go to Source Powered by WPeMatico
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point … Read more
Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year high and month over month, inflation jumped by 0.8%. President Joe Biden is blaming the inflation spike on Russia’s invasion, as he … Read more
Crypto and blockchain-related companies have enjoyed a surge in prices after the market received Joe Biden’s executive order with open arms. Go to Source Powered by WPeMatico
On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities … Read more
There are few winners among Bitcoin hodlers this week, as stocks get squashed while commodities run wild. Go to Source Powered by WPeMatico
A grim cocktail of macro triggers converges on Bitcoin, with risk assets looking at a “rough” few days coming up, analysts warn. Go to Source Powered by WPeMatico
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears … Read more
A cataclysmic breakdown in global equities is not off the table for this year, with a “stagflationary shock” already in the making. Go to Source Powered by WPeMatico