Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty
The World Economic Forum’s latest Chief Economists Outlook highlighted the uncertain backdrop to the US Federal Reserve and European Central Bank’s meetings this week. While 45 per cent of economists thought a global recession was likely this year, the same proportion considered it unlikely. A lack of clarity on the trajectory of the US and
The Sixth Circuit Court of Appeals has denied Treasury’s request for a rehearing of the court’s decision barring the federal government from enforcing its Offset Provision against Tennessee due to compliance issues being unconstitutionally burdensome. That’s the latest in the multi-state battle against Treasury’s Offset Provision, which many states argue is a way for the
The nation’s housing cost and availability crisis — particularly acute in California, Washington, Oregon and Hawaii — has those states’ governors throwing everything they can at the problem in the hope of knocking it down. All four states face the dual issues of a shortage of affordable housing and entrenched homelessness, the latter of which
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This month, global investors face a peculiar paradox. A mantra of modern finance is that Treasuries are “risk-free” assets, implying that it is inconceivable that the US government might default. But in January, the Treasury breached the $31.4tn debt limit, capping bond issuance, and warned of a crisis unless Congress raises this — something Republicans
In this article PACW TRIP SHAK SHOP Follow your favorite stocksCREATE FREE ACCOUNT The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty Images Check out the companies making headlines in midday trading Thursday. Paramount Global — The media stock cratered
One could easily mistake this Mediterranean villa for a grand property set along the Italian Riviera: Sea air, towering cypress and a driveway lined with olive trees. Yet the location is not coastal Liguria but Montecito, an affluent community in Southern California known as the American Riviera. Enjoying panoramic vistas of the ocean and sheltering
Golf course communities usually bring to mind places like Palm Springs, California, or Scottsdale, Arizona, where the desert plays a starring role. Gray’s Crossing in California’s Lake Tahoe area trades the desert for the Sierra Nevada mountain range, adding more than just golf to the lifestyle mix. The neighborhood is made up of mountain homes
Bitcoin (BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking crisis. “Too much all at once” for U.S. banks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground as the S&P 500 shed 0.7%. The risk asset comedown accompanied more mayhem
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its
Oklahoma’s state treasurer tagged three of the nation’s largest investment banks as fossil fuel industry boycotters, making them ineligible to do business, including municipal bond underwriting, with the state and local governments. Wells Fargo, JP Morgan Chase, and Bank of America are on an initial list released Wednesday of 13 financial institutions determined to be
Western Alliance shares pulled back from their session lows after the Arizona-based bank denied it was exploring a potential sale. The Arizona bank described a report in the Financial Times that it was considering a potential sale of all or part of its business as “categorically false in all respects”, adding: “Western Alliance is not
The European Central Bank has raised interest rates by a quarter of a percentage point — less than previous increases — in a sign that eurozone borrowing costs may soon reach their peak. The ECB’s decision on Thursday, which mirrors the US Federal Reserve’s quarter-point rate rise the previous day, takes the benchmark deposit rate
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great consolidation’ in the banking sector, a
There’s a narrative that’s grown up around Ethereum’s two most important co-founders, Joe Lubin and Vitalik Buterin, to explain how they went in different directions almost a decade ago. It suggests the pair fell out over the blockchain’s future direction, with the idealistic 20-year-old Buterin determined to turn Ethereum into a nonprofit foundation, while Lubin
There’s a beacon of light in the bear market tunnel. The El Salvador nonprofit program, “My First Bitcoin” (Mi Primer Bitcoin), raised over 1 Bitcoin (BTC) in donations-not from venture capitalists and investors–but from generous Bitcoin education advocates worldwide. Donations flooded in from Venezuelans, Poles and Canadians as 100s of people around the world sent
For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are unwilling to place new bets until there’s additional regulatory clarity, especially in the United States. The total crypto market capitalization fell by 1% to $1.2 trillion over the seven days ending May 4, primarily
In episode 18 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Matt Leisinger, chief product officer at Alluvial — a software development company supporting the implementation of the Liquid Collective protocol — to explore the world of crypto staking and its potential to attract institutional investors. Leisinger explains the Liquid Collective
Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States. The turnout at Consensus 2023 demonstrated that U.S.-based companies and international organizations are still very much interested in implementing Web3 technology
Activist investor Nelson Peltz has warned that First Republic may not be the last regional US bank to fail as he renewed calls for deposit insurance to be extended to safeguard regional lenders. Peltz, the co-founder and chief executive of Trian Fund Management, told the Financial Times that depositors with more than $250,000 in a