Market focus

Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years. Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…

A record 9 crypto companies made it onto the Forbes Fintech 50 list – the most innovative private companies in fintech. Collectively, they have raised $6.5 billion in venture capital, with the lion’s share within the past 12 months. FTX Locale: Nassau, Bahamas Valuation: $32 billion One of the largest crypto trading exchanges in the…

According to Coinshares, about $506 million has been invested in exchange-traded Bitcoin funds since the start of the year, with $126 million of it flowing into ETPs last week. Contrary, Ethereum-based funds saw outflows for a ninth straight week. Bitcoin investment products saw cumulative inflows totaling $126 million over the last week, according to the…

Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? — a study compiled by Jordan Finneseth of Cointelegraph. The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect…

Crypto companies dominated the World Economic Forum in Davos this year, a notable difference compared to the last one in 2020. Industry players welcomed the recent bear market as they said it is a chance to get rid of the bad actors and focus on product developments. As well as, stablecoins and regulation were two…

Breaking crypto news from the last week (May 28 – June 3, 2022): May 28: MBC Group has signed a strategic partnership with the region’s largest crypto-asset exchange BitOasis to drive customer awareness and adoption using MBC Group’s TV channels and digital platforms. May 29: Actively pushing reforms and policies in the field of digital…