First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous weeks revised level of 220,000. The dip surprised economist, who had expected jobless...
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous weeks revised level of 220,000. The dip surprised economist, who had expected jobless...
Ethereum developers have unveiled a timeline to sunset the Holesky testnet.Hoodie will help in completing the Pectra upgrade testing ahead of the possible April mainnet launch. Ethereum core developers have disclosed intentions to end support for the Holesky testnet in September. This will transition Holesky’s role and prepare for its eventual deprecation, as seen in...
Anatoly Yakovenko has expressed displeasure over a recent viral Solana ad.Solana’s price is seeing a bullish rally despite the controversial ad. Solana Labs CEO Anatoly Yakovenko recently came under fire concerning a controversy surrounding the firm’s recent advertisement. After days of silence, the CEO finally gave his take on the issue. Yakovenko Disengage from the...
The VeChain ecosystem has officially launched VeBetter’s brand-new website dedicated to sustainability initiatives and blockchain-driven green solutions.The website features a news section to keep users updated on developments along with an educational segment that simplifies complex topics. VeChain has rolled out a brand-new website for VeBetter, its platform that turns sustainable actions into tokenized rewards...
Coinbase, one of the largest crypto exchanges, has solidified its position as a major player in Ethereum staking, now controlling over 11% of all staked ETH.The exchange distributes its validators across five countries and two cloud providers to maintain a balanced network and prevent any single client from gaining a supermajority. Coinbase, a publicly traded...
Rumble strengthens its Bitcoin strategy by acquiring 188 BTC, reinforcing its commitment to digital assets as part of its financial strategy.Other companies, including Metaplanet and Semler Scientific, are also increasing their holdings of Bitcoins. This testifies to the growing confidence of institutions in crypto-currencies as corporate assets. Rumble, a video-sharing network commonly regarded as a...
Bitcoin’s price swings highlight how market sentiment shifts rapidly, with fear-driven sell-offs often preceding strong rebounds and rallies.Key indicators like the Long-Term Realized Cap suggest Bitcoin’s uptrend could continue unless a critical support level breaks. Bitcoin’s recent bounce to $84,500 has once again highlighted how market sentiment swings wildly. Just days ago, prices dipped to...
After laundering funds from the Bybit hack, North Korea now holds more Bitcoin than El Salvador and Bhutan.The ability of state-sponsored groups to amass significant cryptocurrency holdings poses risks to financial systems and international security. North Korea’s state-sponsored hacking group, the Lazarus Group, has accumulated a significant Bitcoin (BTC) reserve, surpassing the holdings of both...
The liquidation suggests that miners anticipate short-term price weakness and are taking profits ahead of potential volatility.Sustaining levels above $88K could spark a rally toward $95K; failure to hold $82.5K support might lead to a correction. After Bitcoin’s price plunged over 12% from its March peak, as reported in a previous CNF update, Bitcoin miners...