Fed’s Inflation Gauge Heats Up, Rate Cuts on Hold as Bitcoin and Stocks Slide
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, came in hotter-than-expected in March, showing prices in the U.S. kept on rising. This reading, the latest sign…
Nigerians fear new crypto crackdown as currency drops 15% and officials blame more than Binance â DL News
Nigerian officials target peer-to-peer crypto trading for naira’s fall. The battle with crypto is getting worse in Africa’s biggest nation. Nigeriaâs crypto investors are feeling a sense of déjà vu.…
Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat
Japan’s Prime Minister Fumio Kishida and his ruling Liberal Democratic Party (LDP) have shepherded the country’s Web3 strategy along with a host of regulations and plans for the crypto sector.…
Swiss Central Bank Resists Bitcoin in Reserves, Activists Push for Change
The Swiss National Bank (SNB) has openly declared its hesitation to integrate cryptocurrencies such as Bitcoin into its financial reserves. According to a report by Bloomberg, this statement was affirmed…
BlackRock Bitcoin ETF leapfrogs âcash vacuum cleanersâ with new inflow record â DL News
BlackRockâs Bitcoin ETF just had 71 days of consecutive inflows. Itâs one of the top 10 ETF inflow streaks of all time, according to a Bloomberg Intelligence analyst. The fund…
AI Priest Fired by Catholic Group After Pitching Gatorade Baptisms
Artificial intelligence shook up a corner of the Catholic community after Catholic Answers—a San Diego, Calif.-based publisher of church resources—introduced “Father Justin,” an AI chatbot on Monday. The virtual priest…
Pantera Capital Acquires Solana Tokens in FTX Bankruptcy Auction
Pantera Capital has emerged as one of the successful bidders in the latest auction of Solana tokens, orchestrated by the administrators overseeing the bankruptcy proceedings of the now-defunct cryptocurrency exchange,…
The $9.2b reason why the halving barely budged Bitcoin â and the risks ahead â DL News
The halving cut the supply of new Bitcoin hitting the market. Despite high demand, the cryptocurrency has failed to rally since. The reason could be a $9.2 billion threat thatâs…
Japanese Society Uses Blockchain To Guard Dog Breeds
The Akita Inu, a majestic breed hailing from Japan’s northern prefecture of Akita, has gained international acclaim in recent years. To combat rising concerns about pedigree forgery and lost documents,…
Paul Krugman: U.S. Economy Is ‘Still on Track for a Soft Landing’
In a recent analysis, economist Paul Krugman shared his thoughts on the United States’ economic performance following the release of the first quarter GDP report for 2024 by the Bureau…