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CATEGORY: consecutive

Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 20, 2023 10:30

Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023

Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block [...]

The post Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 appeared first on Crypto Breaking News.

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Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 14, 2023 10:30

Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and the committee continues to closely monitor inflation risks. Federal Reserve [...]

The post Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year appeared first on Crypto Breaking News.

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