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The Ethereum Network has had a rough year thus far in terms of burning ETH, with just over 460,000 Ether burned in 2024. An Analysis from CoinGecko reveals that as of August 5, 2024, the network has burned 465,657 ETH this year. According to CoinGecko’s research, 107,725 ETH were burned in 2024 Q2, a -67.7% drop from the first quarter’s 333,555. 17,114 ETH were burned in July 2024, marking a monthly all-time low this year, and a -35.0% decrease from June. The data reveals that Ethereum emissions have outpaced burns, with 540,958 ETH added to the network since the start of 2024. 465,657 ETH have been burned, resulting in a net total of 75,301 ETH added to the network. Ethereum in 2024 Thus Far: Burn Rate Down, Prices Up Ethereum has been up and down throughout 2024, with an overall jump of 46% in price in 365 days. This is largely due to the crypto bull surge this past March, sparking Ethereum to over $4,000. The asset has since settled back on earth to $2,680 at press time...

Amid his repeated warnings about a potentially devastating economic crisis , popular investor and finance author Robert Kiyosaki has sounded alarm on, as he called it, “fake money ” controlled by “Marxists” in the American government, as well as the lengthy inflation at the country’s doorstep. Indeed, Kiyosaki voiced his opinion that the current United States President, Joe Biden, had “caused inflation to rise, making life harder for the poor and middle class” after cutting the Keystone XL pipeline, which “caused the price of oil to rise from $30 to $130 in just one week,” per his X post on June 9. Inflation taking hold Furthermore, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ warned that “ inflation will be with us for years” despite his belief that Biden will not win the presidential elections, as he argued that the “liberal academic ‘swamp’ that brought the Biden crime family to power… are still in power.” ...

In what is certainly crucial data for the economy’s direction, US inflation has fallen to 3.4%. Indeed, the CPI report has continued an 11-week trend of data arriving above 3%, with traders not optimistic that the figure will fall below that number any time soon. The development plays a vital role in the direction of the Federal Reserve. Specifically, the central bank is carefully observing these reports to inform their inaugural interest rate cut for 2024. They have consistently affirmed that those cuts were coming; however, they have not set a timetable for when they could arrive. BREAKING: US inflation falls to 3.4%. — Watcher.Guru (@WatcherGuru) May 15, 2024 Also Read: President Biden Says Inflation Data May Delay Interest Rate Cuts US Inflation Stays Above 3% for April Heading into 2024, the US economy had anticipated interest rate cuts at several points. Over the past two years, the Federal Reserve has engaged in an unrelenting tightening c...

Despite encountering several setbacks and economic meltdowns, the US economy continues to make robust progress. The US economy has recently been dubbed the most resilient. It has been labeled robust primarily due to its strong labor market and failing inflation rates.  As per BBC, the US economy reported a serious 3.3% GDP growth in the fourth quarter of 2023. The new data revealed has surpassed predictions made by economists earlier. The experts had earlier anticipated a GDP growth of 2% for the US economy.  Also Read: US challenges Saudi Arabia and Russia in Crude Oil Production US Economy: What Makes It a World Economic Leader? Source: Pexels While several countries around the world have reported flailing data and statistics in terms of economic progress, the US economy seems to be unfazed by the wrath of it all and has emerged as the ultimate winner.  A new BBC report has shared insights on why the US continues to dominate the world’s econ...

Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery. A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom to share their thoughts on whether the Bitcoin halving is truly a bullish event or just another narrative that novice investors buy into.  While the panel’s headline might be offputting for some, the inquiry is of great interest to all manner of Bitcoin (BTC) and cryptocurrency investors. The conventional belief held by many in the space is that the Bitcoin supply halving is a bullish phenomenon that when complete, is followed by near parabolic upside in BTC price. Go and ask any Bitcoin lover about what they’re most excited about in the next year and if they don’t mention the chance ...

The credit market might be challenging at times — but blockchain technology can bring borrowing and lending into the 21st century. Surging interest rates and a challenging economic climate are making it difficult for individuals and businesses to access credit. In emerging markets with a high proportion of unbanked people, such issues are nothing new. Consumers who lack accounts with a financial institution often struggle to apply for loans at competitive rates — primarily because they lack a credit rating. As a result, wary lenders increase the cost of borrowing to applicants perceived as risky. It’s a vicious cycle — a chicken-and-egg situation. You need a reputation to access credit, but how can you build an application without a lender taking a chance on you?  Other pain points exist as well. Even self-employed entrepreneurs with access to a bank account can struggle to borrow funds — all because their income may fluctuate from month to month. In some countries, the application p...

Some DAO members joked about the situation while others believed there may be an ulterior motive at play. BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC). In a July 6 post to the platform’s Discord channel, Douglas Park, a lawyer for the decentralized autonomous organization revealed the news to members. “I am letting you know that the Securities and Exchange Commission is investigating BarnBridge DAO and individuals associated with the DAO,” Park said. pic.twitter.com/ChsjBuGEzM — BarnBridge (@Barn_Bridge) July 7, 2023 In order to “reduce potential further legal liability,” Park suggested “all work” on BarnBridge-related products should stop — including the closure of liquidity pools — and that individuals should not receive compensation for work flowing from the investment efforts of the DAO. Co-founder Tyler Ward, presumably dubbed “Lord Tyler” on Discord, c...