Ethereum Surpasses Solana in Inflows as ETF Launch Nears ETH Dominates Inflows According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024. This surge in investment coincides with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US…
Quiet Summer Markets and the Typical Lull It hasn’t been a quiet summer for markets so far but the start of this week sort of embodies the typical summer lull that we have been accustomed to over the years. And we have an empty calendar day, more or less, to thank for that. Similar to…
Elon Musk Sparks Excitement in the Bitcoin Community What’s the Buzz About? Elon Musk has once again sent shockwaves through the cryptocurrency world, this time by updating his profile picture to feature “laser eyes,” a bullish symbol for Bitcoin. With the Bitcoin 2024 Conference on the horizon, speculation is running wild about what Musk’s latest…
Bitcoin Miner HIVE Digital Plans Massive Expansion in Paraguay Building a 100-Megawatt Mining Facility Amid Rising Energy Prices The Impact on the Cryptocurrency Industry and Beyond In a bold move, Bitcoin miner HIVE Digital recently announced its plans to construct a massive 100-megawatt digital asset mining operation in Paraguay. This decision comes at a crucial…
Welcome to the Quirky Economics Blog! Bundesbank’s Latest Report: A Quirky Twist on Economic Trends Are You Feeling the Pinch of Rising Prices? So, Bundesbank has dropped the bombshell in their latest report – while the economy is perking up in some areas, inflation is becoming a real headache. If you’re like me, the words…
The People’s Bank of China Cuts Policy Rates What Happened? Today, the People’s Bank of China (PBoC) made a significant move by cutting the 1 and 5 year loan prime rates by 10 basis points each. Additionally, the PBoC announced a cut to the 7-day reverse repo rate, lowering it to 1.70% from 1.80%. This…
Microsoft Outage: A Global Tech Disaster The Incident On July 19, Microsoft, the US-based tech giant, experienced a major outage affecting an estimated 8.5 million computers worldwide. The disruption was caused by a tech glitch that occurred after Crowdstrike, a cybersecurity software company, released a routine update. The Impact The outage left millions of users…
“You have done enough damage, leave peacefully” – President Museveni reiterates call to wetland encroachers as he warns wrong… Preserving our Natural Resources: President Museveni’s Call President Yoweri Kaguta Museveni has once again emphasized the importance of protecting our natural resources, specifically our wetlands. In a recent address to the nation on wealth creation and…
