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Bank of America Global Research recently stated in a note that they anticipate the Federal Reserve raising interest rates to 6%. Not just for the US but for other countries throughout the world as well, rising inflation has been a worrying problem. Global central banks have been working hard to contain rising inflation and avert the threat of a recession. Also read: Crypto and SEC: Here’s How the SEC Brought its Crackdown Game in February 2023 The Fed has been boosting Interest Rates to bring inflation under control. However, the recent speculation by Bank of America is higher than the earlier expected interest rate of 5.4% by traders. JUST IN: 🇺🇸 Bank of America says Federal Reserve may increase interest rates to almost 6%. — Watcher.Guru (@WatcherGuru) February 28, 2023 Bank of America says strong US consumer demand will force interest rate hike According to Bank of America, the possibility of a rise in interest rates is likely due...

Following the release of new data regarding Texas manufacturing, a Dallas FED respondent has stated that he expects, “a recession in the second half of 2023.” Moreover, “Texas factory activity declined in February for the first time since May 2020,” according to data released today. Specifically, the Dallas FED Respondent stated: “We already had a first round of layoffs We are looking at each employee very carefully to learn who may have to be in a second wave of layoffs, if and when business slows down again.” JUST IN: 🇺🇸 Dallas FED respondent says they "expect a recession in the second half of 2023." — Watcher.Guru (@WatcherGuru) February 27, 2023 Dallas FED Expects Recession A recession is among the most detrimental realities of the United States Economy, as many experts seem to have differing opinions on its possibility. Just a week after President Joe Biden noted improvement in the economy, some have a much d...

Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively. Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance. The figures came from a Feb. 24 report by Blockchain data platform Chainalysis, which found the majority of the funds to have come in the form of Ether (ETH) and Bitcoin (BTC). ETH donors led the way with $28.9 million given, while donors of BTC and Tether (USDT) chipped in $22.8 million and $11.59 million respectively. Cryptocurrencies donated to Ukraine wallets provided by the Ukrainian government. Source: Chainalysis. Donations have also come in the form of nonfungible tokens (NFTs), such as UkraineDAO’s auction of a Ukrainian flag NFT which sold for $6.1 million. Around 80% of the total $70 million donated came in the first few months...

Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 days. Network Participants Face Longer Block Times Following Recent Difficulty Change It has never been harder to mine bitcoin (BTC) than it is today, as miners have experienced a 9.95% difficulty increase at block height #778,176. Now and for the next two weeks, or approximately 2,016 blocks, the difficulty will be 43.05 trillion. The network’s average hashrate over the last 2,016 blocks was roughly 305.8 exahash per second (EH/s). The 9.95% increase on Friday was the second-largest jump in difficulty this year, as the largest was recorded on Jan. 15, 2023, at block height #772,128. At that time, the difficulty rose 1...

Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular memecoins in the cryptocurrency market. Both projects have turned investors into millionaires during their respective bull runs, and both have hardcore fan bases. However, each project has unfulfilled goals regarding its prices. DOGE and SHIB are rival projects, and both are in a race to reach $1 and $0.01, respectively. For DOGE to reach $1 from its current price, it would have to rally by 1079.06%. On the other hand, for SHIB to reach $0.01, it would have to rally by 75830.14%. Read more: HEX or Dogecoin : Which Crypto Might Reach $1 Faster? Financial Expert Weighs-in How can Dogecoin and Shiba Inu reach their respective goals? Dogecoin saw a few price increases, mostly due to news about Elon Musk and Twitter. Since its introduction almost ten years ago, the price of the token has never surpassed $1. However, the project may accomplish this milestone if Musk integrates DOGE payments on the social media plat...

The manuscript is part of a larger series of physical and digital items related to the famous book. The original manuscript of Neil Stephenson’s Snow Crash —  the book which coined the term “Metaverse,” — will be auction ed by Sotheby’s, according to a page on Sotheby’s official website. The auction is part of a Feb. 23 series called “Infocalypse” that includes six physical and six digital items related to the famous book. The original manuscript is in Lot 2 of the series. It is “wrapped in original Xerox 4200 Paper,” secured with masking tape and contains “corrections and notations throughout in Neal Stephenson's hand in blue ink.” It also has the title of the book written on the spine with a sharpie by the author. A “revised typesetting manuscript” is also up for auction in Lot 4. This is a later version filled with additional handwritten notations and revisions by the author. Attention Snow Crash readers and fans! Infocalypse, an open edition collection of digital art create...

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian Bureau of Interpol has arrested a British man wanted by Interpol at the request of the United States, the Russian Telegram channel Baza revealed. Authorities in the U.S. claim he was assisting North Koreans in efforts to circumvent sanctions using crypto. The 31-year-old Christopher Emms, who is accused of committing fraud against the U.S. government, was detained in the hostel where he was staying. The International Criminal Police Organization issued a ‘red notice’ arrest warrant for him in the beginning of February. Its announcement details: Christopher Douglas Emms is wanted for allegedly conspiring to violate the International Emerg...

Join Our Telegram channel to stay up to date on breaking news coverage The popularity of cryptocurrency has grown many folds in the last decade. This is mainly because of cryptocurrency ’ s huge earning potential across the globe. The year 2023 looks promising for the digital asset market, as the prices of the tokens have picked up since the end of 2022. Additionally, to keep up with the competition, there are a few new tokens that are set to launch this year. To help investors make an ideal decision, we have a list of today ’ s five top crypto gainers. WEMIX Wemix PTE. LTD (formerly known as WEMADE TREE) was founded in the year 2018. They aimed to combine the virtual gaming experience with the real-world economy. WEMIX revolutionized the gaming industry with the launch of its MIR4 title. After the MIR4 ’ s unprecedented success in a short time, WEMIX continued to break glass ceilings in the ‘ Play-to-Earn ’ space. It is a gaming platform that o...

It is hard for Clark Kent to remain undercover with his Superman identity. Similarly, a handful of Shiba Inu investors believe that the lead developer of ShibaSwap, Shytoshi Kusama might be either Tesla CEO Elon Musk or Ethereum founder Vitalik Buterin. The speculations have been going on since early 2021, and Watcher Guru connected the dots with their resemblance in a previous article. The speculation got louder after both Elon Musk and Shytoshi Kusama shared the same symbol on Twitter recently. You can read more details about the strange development here. Also Read: Exclusive: ‘I’ll Cry When Shiba Inu Reaches $0.01′ If that wasn’t enough, Musk shared a picture of his dog Floki as the CEO of Twitter 12 hours after Shytoshi put the new Shibarium dog as his cover profile. Read here to know more details about it. Also Read: Shiba Inu Could Reach $0.0001 if This Happens Shiba Inu: Shytoshi Answers If He’s Elon Musk Or Not Source: Twitter D...

Join Our Telegram channel to stay up to date on breaking news coverage Filecoin has recorded impressive performances over the past seven days despite its current price decline. FIL has recorded an over 74% price gain in 7-days , a 61.8% increase in 14-day, and a 30-day rally of over 80%.  Filecoin (FIL) beat all bearish sentiments by rallying from $3.11 in January to its current price of $8.41. These performances spiked the community’s interest in the Filecoin Virtual Machin Launch (FVM) that will go live in March 2023.  The current improvement in investor sentiments with ongoing developments on the Filecoin network is among the factors fuelling this price performance. Many might be curious whether FIL will reach $10 before the end of February and continue its journey upward as 2023 progresses. Filecoin’s price history and the following price prediction could hint at what you should expect from FIL in the coming days. FIL Notable Price Trends  As a...

Genesis and Gemini, two digital asset trading companies, have been accused of issuing and selling unregistered securities by the Securities and Exchange Commission (SEC). According to the SEC’s lawsuit, Gemini and Genesis’ crypto asset lending scheme, Gemini Earn, made it easier for regular investors to buy and sell unregistered securities, enabling both companies to raise billions of dollars worth of cryptocurrency. The enforcement action describes how the cryptocurrency asset-lending scheme permitted its clients to tender their cryptocurrency tokens to Genesis in exchange for a competitive interest rate. On these transactions, Gemini assessed agent fees (up to 4.29%). Genesis declared in November 2022 that it would not permit Gemini Earn customers to withdraw their cryptocurrency assets because it needed more liquidity to fulfill withdrawal requests. Approximately 900 million dollars in investor assets from over 300,000 Gemini Earn investors were held ...

Blockchain enables healthcare record management, clinical trial transparency, efficient supply chain management and more. The use of blockchain technology in the healthcare industry has the potential to revolutionize the way medical records are managed, medical research is conducted and patient care is delivered. Here are nine promising use cases for blockchain in healthcare. Medical record management Medical records can be safely stored and managed using block chain , improving accessibility for patients and healthcare professionals. Patients’ ability to control access to their medical records enhances security and privacy. One example is MedRec, a block chain -based system for managing medical information created by MIT researchers. MIT Professor Andrew Lippman says the goal of the MedRec project is to be like a Swiss bank for health records, but without the bank. #Bizofblockchain — MIT Technology Review (@techreview) April 23, 2018 Clinical trials By offering a transparent ...

Join Our Telegram channel to stay up to date on breaking news coverage Blockchain.com, a crypto exchange and financial services platform has dismissed the claims to sell assets or subsidiaries. According to the Blockchain.com’s spokesperson, the firm is not discussing any possible deals with other crypto firms, as per Cointelegraph  report. Blockchain. com has denied attempts to sell assets or subsidiaries despite efforts to raise capital. https://t.co/6dpcH2lpIA — Cointelegraph (@Cointelegraph) February 19, 2023 However, according to the reports, a person familiar with the matter noted that the company executives addressed selling part of its business to other crypto firms, including Coinbase. The discussions took place between December last year and January this year. However, Blockchain.com has denied the allegations, noting: No Blockchain.com businesses are for sale. Blockchain.com is a buyer, not a seller. Since October last year, Blockchain.com has b...