Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief. Bank of America’s CEO: US Economy

U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue. Joe Biden Believes the U.S. Economy Is ‘Strong as Hell’ President Joe Biden

Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The digital asset subsidiary of Societe General Group, Societe Generale-Forge, is now registered with France’s financial regulator,

Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Investors are still unsure whether $18,200 was really the bottom because the support

Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which several brands will be able to offer their own shopping experiences. Flipkart to Launch Flipverse: A Metaverse of Purchases Flipkart,

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this

Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records. Satoshi Nakamoto’s Bitcoin Enters the

Cryptocurrency mining involves using a computer, or several computers, to validate transactions on a blockchain. Technically, these computers solve cryptographic equations and record data in a digital ledger. The more computers solving equations, the faster the blockchain can validate transactions. When miners verify the hashes of unconfirmed blocks, they receive a reward for each verified

After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis. Recent moves have seen bitcoin (BTC) move below $20,000, with ethereum (ETH) dropping under $1,200 as market sentiment has shifted. This shift has come as a result of the rise

Since the cryptocurrency launched ethereumpow (ETHW) has seen spot market prices decline by close to 12% during the last seven days. Despite the fact that during the last two weeks ETHW has shed 35% in USD value, the network’s token economy and decentralized finance (defi) ecosystem has swelled. ETHW Spot Market Prices Slide, While the

The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However,

Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans

Bitcoin (BTC) failed to break $20,000 despite a new weekly high on Oct. 18 as market watchers waited for action. Bitcoin meanders as stocks climb Data from Cointelegraph Markets Pro and TradingView showed BTC/USD defying volatility once again on the day. The pair stayed noticeably stable despite stronger moves for United States equities at the

Polygon was one of Tuesday’s notable gainers, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third straight session. Cosmos also extended recent gains, climbing to its strongest point in recent days. Polygon (MATIC) Polygon (MATIC) was a notable gainer on Tuesday, as the

In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains in October ten times out of the last 13 years, which has led crypto enthusiasts to call the month “Uptober.” While bitcoin is

All revolutions have their dogmas, and the cryptocurrency/blockchain insurgency is no different. It’s an article of faith among crypto adherents that decentralization will solve many of society’s ills, including the problem of governance.  Vili Lehdonvirta — an Oxford University social scientist, book author, and former software developer — disagrees. “The underlying technology will change and