The U.S. Labor Department’s consumer price index (CPI), the most widely used gauge for tracking inflation, rose to an annual clip of 7%, hitting predictions made by economists, marking the highest increase since June 1982 and topping November’s 6.8% increase.The core CPI, which excludes more volatile energy and food prices, rose by 0.6% month-over-month, exceeding economists’ … [Read more...] about US Inflation Rose to Nearly Four-Decade High of 7% in December
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3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year Highs as Crypto Crashed
While bitcoin tanked last week, pulling the broader crypto market lower, there was one bright spot. The ether-bitcoin (ETH/BTC) ratio rose 13%, reaching a 3.5-year high and registering its best weekly performance since May.The move was unique. Historically the pair has rallied during market-wide bull runs characterized by buying frenzy in ETH and other alternative … [Read more...] about 3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year Highs as Crypto Crashed
Argo Blockchain Mining Revenue Rose 32% in October
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Argo Blockchain Mining Revenue Rose 32% in October