Bear Market
Research: US inflation breaking barriers in the 2020s; started faster than 70s, 80s trend
Gasoline, fuel oil, and energy prices are the primary causes of the current alarming inflation rate.
Soumen Datta 4 min read
North America News
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Top North America Stories
Regulation
Canada launches consultations on crypto, stablecoins, CBDCs
Canadian government announced it is launching consultations on digital currencies to review legislations to address the illicit crypto activities.
NFTs
Nexo-backed NFT technology provider, MetaQuants, launches real-time appraisal algorithm for NFTs
The alpha version of the new algorithm product is designed to aid NFT lending, market, overpricing, and market manipulation penalties
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Bear Market
Bitcoin outperformed NASDAQ after Fed raised rates by 0.75%
In recent price action, Bitcoin has performed similarly to Gold and has even outperformed "safer" assets like NASDAQ.
Legal
More entities back Ripple as SEC seeks extension
A record number of amicus briefs have been filed in support of Ripple in its case against the SEC, which has asked the court to set a Nov. 11 deadline for any new amicus brief.
Memecoins
Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%
Dogecoin's run of form comes to a halt as crypto integration plans get postponed and ex-Twitter staff file legal action.
Crime
Monkey Drainer steals 7 CryptoPunks, 20 Otherdeed NFTs
PeckshieldAlert and Zachxbt revealed that phishing scammer Monkey Drainer stole NFTs worth roughly 520 ETH, which is about $824,200.
Adoption
Coinbase burns $546M of USD resources as it reports another quarter in the red with a 55% revenue decline
Coinbase noted that trading volume has been shifting away from the U.S. as its U.S. monthly volume was down more than 50% at the end of September compared to January.
Bear Market
Stripe lays off 14% of workforce to cut costs amid economic downturn
Stripe CEO Patrick Collison admitted that the leadership team made a "mistake" by being "too optimistic" about 2022 growth rates.
Latest North America Crypto News Headlines
Web3
WalletConnect secures $12.5 million in an ecosystem funding round
Adoption
Polygon surges 10% following Instagram integration announcement
Macro
Bitcoin remains range bound as Fed enacts 4th consecutive 75 basis point rate hike
Macro