Crypto exchanges experienced the biggest single day outflow of bitcoin on since September on January 11. Data from on-chain analytics provider CryptoQuant shows that nearly 30,000 BTC left exchanges.
Representative Tom Emmer introduced a bill that would ban the Fed from issuing a CBDC directly to retail investors. Emmer suggests the central bank should instead focus on the protection of financial privacy, the dominance of USD, and the cultivation of innovation.
With the recent volatility of the Turkish Lira, Turks are showing increasing interest and investment in cryptocurrencies, particularly bitcoin and stablecoins.
The Northwest Arkansas Council today announced it aims to begin offering $10,000 in bitcoin to tech professionals and other entrepreneurs that relocate to Northwest Arkansas to continue the expansion of the region’s growing tech sector.
U.S. equites put on modest gains Wednesday, despite the release of increased inflation data for the month of December.
U.S. consumer prices rose in 2021 by the most in nearly four decades. The CPI soared 7% in a year, while also rising .5% in December compared to the previous month.
Inflation in 2021 was perhaps most apparent in the auto industry. The combination of increased consumer demand and a semiconductor chip shortage caused an over 45% rise in used cars heading into summer.