Bitcoin network activity decline suggests longer bear market: Glassnode

With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode.  The assessment of mediocre market growth over the past week came from blockchain analysis firm Glassnode in its latest “The Week On Chain” report on … Read more

Why bitcoin doesn’t seem to be a hedge against inflation

Bitcoin has plunged in value this year, weakening the argument often made by crypto enthusiasts that it can be an effective hedge against inflation during times of economic turmoil. Bitcoin advocates have long argued that its scarcity would protect its value during times of rising inflation. Unlike central banks — which can increase the supply … Read more

Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the … Read more

crypto: Crypto crash leads to firesale of hardware

Mumbai: The worst bearish streak in crypto currencies world-wide is having a ripple effect on the prices of hardware that supported the complex mining process of these digital assets. Gone are the days when crypto currency miners and the hardware makers raked in the moolah amid the recent boom in digital assets. In the wake … Read more