FYBIT blog

The Impact of the US Dollar on Bitcoin: Potential Clues for...

Vincent Parks - October 7, 2023 0

The negative correlation between the US Dollar Index (DXY) and the stock prices of the largest US companies (SPX) can carry some clues for...

The rise of Ethereum staking since major network upgrades, Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.

Rise of Ethereum staking came at cost of higher centralization: JPMorgan

Spenser Reed - October 6, 2023 0

Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve. The rise of Ethereum...

On Oct. 2, the price of Bitcoin BTC tickers down $27,491 saw a 5.5% intraday increase to $28,600, but the largest cryptocurrency by market capitalization lost momentum as the highly anticipated launch of Ether ETH tickers down $1,620 futures exchange-traded funds (ETFs) failed to generate significant trading volumes.

3 reasons why Bitcoin is struggling to rally above $28.5K

Spenser Reed - October 6, 2023 0

Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level. On...

JPMorgan CEO Warns of 2 ‘Extraordinary’ Storm Clouds Hitting US Economy...

Vincent Parks - October 6, 2023 0

JPMorgan Chase CEO Jamie Dimon has warned of two “extraordinary” things happening today that may have “bad outcomes” for the U.S. economy. Moreover, the executive...

El Salvador Announces Launch of its First Bitcoin Mining Pool

Vincent Parks - October 6, 2023 0

El Salvador continues to make strides in the cryptocurrency world with the launch of its first Bitcoin (BTC) mining pool. Volcano Energy, which launched its...

Bitcoin is beating inflation better than the United States dollar, the U.S. Federal Reserve says — but unintentionally.

Bitcoin still beating US dollar versus ‘eggflation’ — Fed data

Spenser Reed - October 5, 2023 0

Bitcoin is an unlikely choice for egg purchasing, but the amount needed per dozen speaks for itself. Bitcoin is beating inflation better than the United States...

The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive.

Crypto cards facilitated $3B payment volume since 2021 exchange deals —...

Spenser Reed - October 5, 2023 0

Visa executive Akshay Chopra reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume. The integration of conventional payment...

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