Bitcoin's hash rate hits a record 500 exahashes per second, drawing praise from Elon Musk. Yassine Elmandjra compares Bitcoin's processing power to astronomical scales. Musk's ongoing crypto interest includes considering Bitcoin use on Mars.
EdmundMorgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
Cheng YuanFed's Barkin discusses economic trends, advocating for normalized interest rates amidst uncertain inflation and a stabilizing labor market.
BrianBut he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation.
OthersEuropean Central Bank policymakers appeared increasingly worried that high inflation could become entrenched.
OthersThe Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and would continue to “respond forcefully, as necessary” to inflation.
Others
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute.
CointelegraphBitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital ...
BitcoinistThe Bank of Japan’s executive director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.
Cointelegraph