US Economic News


The Federal Reserve continues to project two more rate hikes are on the way this year with three more on the way for 2019, according to the minutes of their most recent meeting. There was no interest rate hike at the May meeting, but policy makers debated the threat of inflation and acknowledged trade-related...

john-mcafee-crypto-052318.jpg Internet security expert and cryptocurrency enthusiast John McAfee has come back with yet another bullish prediction on the crypto market. "Institutional investors are preparing to enter the cryptocurrency market with a vengeance. They are generally long term investors and will be pumping billions into the market", McAfee, the founder of the computer anti-virus company named after him, tweeted.

cryptos-may23.jpg Bitcoin and its peers drifted lower for a third day as market sentiment remained damped due to regulatory concerns and gloomy predictions dwarfed the boost from positive remarks. Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

robert-shiller-broken-bitcoin-0523189.jpg Robert Shiller, a Nobel laureate, said cryptocurrencies could turn out to be just another failed currency experiment. "As in the past, the public's fascination with cryptocurrencies is tied to a sort of mystery, like the mystery of the value of money itself, consisting in the new money's connection to advanced science," Shiller wrote in a blog on the Project Syndicate website.

new-home-sales-052318.jpg A report released by the Commerce Department on Wednesday showed a pullback in new home sales in the U.S. in the month of April. The report said new home sales fell by 1.5 percent to an annual rate of 662,000 in April after jumping by 2 percent to a revised rate of 672,000 in March.

altcoin-052318.jpg Altcoin means alternative coin and it is any cryptocurrency other than Bitcoin. Bitcoin is the first cryptocurrency and altcoins followed. Some are built on the same distributed ledger technology as Bitcoin, while others are created on new platforms such as Ethereum and IOTA.

bitcoinslips-may23.jpg As the global cryptocurrency community and Italian food enthusiasts celebrate Bitcoin Pizza Day, most major virtual currencies are in the red. Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin suffered loss in value simultaneously, while Bitcoin's fall was sudden. The most popular cryptocurrency fell from a comfortable position on Monday, when it was trading for about $8,500 and was showing

vanguarddown-may22.jpg An economist at one of the world's leading investment companies predicted that there was a high likelihood of Bitcoin becoming worthless. "I see a decent probability that its [Bitcoin's] price goes to zero," Joe Davis, the global chief economist at Vanguard, said in an op-ed in ETF.com. That said, Davis was enthusiastic about the blockchain.

crypto-may22.jpg Cryptocurrencies are trending lower for a second straight day, as sentiment was damped by some dismal predictions regarding the future for the top cryptocurrency, Bitcoin. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

crypto-companies-warning-052218.jpg A Canadian provincial regulator has warned investors that five unlicensed crypto companies are involved in schemes to encourage investors to trade or invest in cryptocurrencies. The firms that the Ontario Securities Commission (OSC) has named in an investor alert it issued last week are Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. OSC said these companies are not reg

markettrading-may22.jpg DCA is short for Dollar Cost Averaging. This is an investment strategy used by cryptocurrency investors who HODL, or hold a crypto, for longer term gains. Under DCA, a fixed dollar amount of Bitcoins, or the chosen cryptocurrency, is bought at regular intervals, regardless of whether the price is high or low at that time.

australia-crypto-scam-052118.jpg Australians lost nearly A$2.1 million in crypto scams in 2017, as the popularity of cryptocurrencies peaked in the final quarter of the year. Cryptocurrency prices surged in the final quarter of 2017, with Bitcoin hitting a high of around US$20,000.

mining-may22.jpg Mining is the process using which new bitcoins are created by a competitive and decentralized process. Individuals or groups of individuals called miners use freely available special software to solve mathematical problems every 10 minutes to verify and confirm each bitcoin transaction in a block, which is generated based on a system called "hashcash proof-of-work".

crypto-roundup-052118.jpg Bitcoin was modestly higher Monday morning, while Ethereum was lower. The top cryptocurrency moved higher as markets were looking for a rally following upbeat predictions from analysts. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past few hours.

blockchain-rankings-052118.jpg China released the world's first-ever blockchain rankings by a government, even though it had banned the use of cryptocurrency. And Ethereum, whose native currency is called Ether, was ranked first, while the distributed ledger of Bitcoin received only a 13th place on the first monthly Global Public Chain Assessment Index released by the China Center for Information Industry Development.

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