The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been closely watching the inflation figures for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones' estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. All eyes will now be fixed on the consumer price index data to be released on Oct. 13. Equity traders can expect volatility to pick up following …

According to Ripple CEO Brad Garlinghouse, the long-drawn-out battle between Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion — but it could still take many months. The native token XRP has been on a tear over the past month thanks to increased speculation about a successful resolution to the case before the end of the year. On Oct. 11, Garlinghouse told panelists at the DC Fintech Week conference that he expects the case against his firm to come to a conclusion in the first half of 2023 but admitted that it was hard to predict. The …

The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to be released on Oct. 13 as that could influence the Fed’s decision on the size of the rate hike in the next meeting in November. Depending on how the market perceives the reading, legacy markets and the cryptocurrency markets may witness a pick up in …

Cardano founder Charles Hoskinson has been pointing out the flaws affecting the Ethereum protocol following its latest upgrade. A major issue, according to Hoskinson, is the locking mechanism that prevents investors from withdrawing their staked Ether (ETH) from the Beacon Chain until the completion of the next upgrade. “Ethereum is the Hotel California of cryptocurrencies. You can check in but you can't check out,” said Hoskinson in a recent Cointelegraph Interview. According to Hoskison, this mechanism heavily impacts ETH's liquidity and could eventually spark a liquidity crisis. “You'll have less and less Ether trading in the marketplace," he explained. "And …

The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%. Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed to go ahead with another aggressive rate hike in its next meeting in November. This led to a sharp fall in the U.S. equities markets on Oct. 7. Although Bitcoin (BTC) has traded in close correlation with the U.S. …

Followers of the Ethereum Classic Twitter account may have found themselves the unintended fans of an entirely new crypto project after Cardano founder Charles Hoskinson turned the account into the new community page for the Ergo community. The Ethereum Classic account had built up over 600,000 followers since its inception in July 2016, and up until Sept. 15, has been used to post about Ethereum Classic. However, as of Oct. 6, the Twitter page now reflects the Ergo Platform, a proof-of-work (PoW) blockchain capable of facilitating smart contracts, similar to Ethereum, with links to Cardano. In a lengthy thread pinned …

The United States equities markets have been under a firm bear grip for a large part of the year. The S&P 500 and the Nasdaq Composite have declined for three quarters in a row, a first since 2009. There was no respite in selling in September and the Dow Jones Industrial Average is on track to record its worst September since 2002. These figures outline the kind of carnage that exists in the equities market. Compared to these disappointing figures, Bitcoin (BTC) and select altcoins have not given up much ground in September. This is the first sign that selling …

The S&P 500 fell for six days in a row and made a new year-to-date low on Sept. 27, but Bitcoin (BTC) maintained its outperformance and stayed well above its June low. This could be a positive sign because several times, markets that show strength on the way down are the ones that outperform in the event of a recovery. The United States equities markets rebounded sharply on Sept. 28 after the Bank of England announced a bond-buying program and the U.S. Treasury yields pulled back from multi-year highs. As this occurred, strong buying in Bitcoin took place, but BTC …

The United Kingdom is in focus following the British pound’s fall to a new all-time low against the United States dollar. The sell-off was triggered by the aggressive tax cuts announced by Prime Minister Liz Truss’s government. The 10-year gilt yields have soared by 131 basis points in September, on track for its biggest monthly increase since 1957, according to Reuters. The currency crisis and the soaring U.S dollar index (DXY) may not be good news for U.S. equities and the cryptocurrency markets. A ray of hope for Bitcoin (BTC) investors is that the pace of decline has slowed down …

After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity. To commemorate the event, an announcement was made by blockchain firm Input Output Hong Kong (IOHK) — which currently oversees the design, building and maintenance of the Cardano platform — just minutes after the development. To obtain a more holistic overview of what the upgrade represents and its potential impact on Cardano (as …

Cardano's (ADA) long-awaited Vasil update went live on Sep. 22, which promises to make its blockchain more scalable and cheaper than before. However, this has failed to bring bullish momentum to the ADA market. Sell-the-news hampers Cardano ADA's price has dropped by approximately 9.5% since the update and was changing hands for $0.43 on Sep. 26. The ADA/USD pair's drop was accompanied by a rejection candlestick on its daily price chart, confirmed by a brief rally to $0.48 on the day of the fork and a sharp correction thereafter. ADA bulls' muted reaction to the successful Vasil update is similar …

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum blockchain, got into a war of words with Ethereum developers on the implementation of proof-of-stake (PoS) consensus via Merge. On Sunday, Web3 investor Evan Van Ness shared an unpopular opinion claiming that the Ethereum Merge could have been shipped earlier. Vitalik Buterin, the co-founder of Ethereum, agreed to Van Ness’s comments and said they should have implemented NXT-like chain-based PoS. Hoskinson joined in the conversation claiming the Ethereum developers should have implemented snow white protocol instead to ensure a faster migration to proof-of-stake (PoS) consensus. You should have just implemented …