RBA’s Hauser: Policy is still restrictive

Speaking to Bloomberg News on Thursday, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said the central bank’s “policy is still restrictive.” Additional quotes Hard to see bad news in the latest jobs data. No single piece of data will trigger a rate decision. Monthly CPI data in Australia is incomplete, have to wait … Read more

Bitcoin Sentiment Dips Amid Market Volatility, Yet BTC Remains Resilient Above $92k

As Bitcoin’s price fluctuates amidst a tumultuous market, sentiment has dipped into “fearful” territory, urging cautious optimism as it remains above key support levels. Despite the pervasive bearish sentiment, Bitcoin continues to show resilience, managing to hold above the crucial $92k support, a positive sign for traders and investors alike. According to insights from COINOTAG, … Read more

Will Price Break Out or Fall Below Key Support Levels?

Ethereum faces challenges maintaining its upward momentum, currently resting around the $3,000 mark after a significant drop of 18% over the past month. Despite recent fluctuations, key indicators suggest a notable level of market indecision, with the RSI remaining neutral at 54.8 for 16 consecutive days. As noted by COINOTAG, “Ethereum’s price action indicates a … Read more

PBH Launches Human-First Blockspace on World Chain

Blockspace for Humans (PBH) has launched Priority Blockspace for Humans (PBH) on the World Chain Sepolia testnet. This initiative aims to address the escalating issue of automated bots and high-frequency traders dominating blockchain transactions, often to the detriment of regular users. The Rising Threat of Automated Exploits The blockchain ecosystem has witnessed a surge in … Read more

Is Jack Dorsey Satoshi Nakamoto? Bold New Theory Questions Bitcoin’s Creator

A bold new theory suggests Jack Dorsey may be Satoshi Nakamoto, citing cryptographic ties, uncanny coincidences, and a trail of digital breadcrumbs hidden in plain sight. Satoshi Nakamoto’s True Identity? A Bold New Theory Points to Jack Dorsey as Bitcoin’s Creator Matthew Sigel, head of digital assets research at asset management firm Vaneck, stirred debate … Read more

Inflation has decreased but it is still excessive

Federal Reserve Bank of Chicago President Austan Goolsbee said late Wednesday that inflation has fallen but it is still too high. Key quotes Inflation has decreased but it is still excessive. Once inflation falls, rates can fall more. Market reaction  At the time of writing, the US Dollar Index (DXY) is trading 0.13% lower on the day … Read more