Why Bitcoin, Solana and Terra Luna Classic Are Sinking Today

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Today's News

It's been a busy day in the world of news, with a lot of stories on the economic front as well as some major developments in the world of cryptocurrency. Let's take a look at some of the biggest stories from today.

Outline

  • The dollar is surging to new 24-year highs against the yen after the release of unexpectedly high inflation data from the United States
  • The US has charged three Iranians with orchestrating a vast hacking and extortion scheme that targeted dozens of American businesses and institutions
  • The long-awaited Ethereum merge is finally happening, and it could have a major impact on the cryptocurrency market
  • Mark Mobius, a legendary investor, says that the Federal Reserve will hike interest rates as high as 9% if inflation stays high
  • US stocks are edging higher after the worst day for markets in 2 years, as wholesale inflation dips
  • 2 Crypto Stocks to Avoid Like the Plague in September
  • Afterburner
  • 3 Ways You Can Create Your Own Crypto
  • 24 Business Ideas for Introverts
  • The U.S. Open Needs to Fix Its Late Match Problem
  • Why You Should Buy Block Stock (And It's Not Bitcoin)
  • Why Bitcoin, Solana and Terra Luna Classic Are Sinking Today
  • As Stocks Swoon, Can Crypto Get Its Mojo Back?
  • Why This Billionaire Invested in Polygon, and You Should Too
  • Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11%
  • Iranian Hackers Used Victims’ Printers to Issue Ransom Demands, DOJ Says
  • NFTs Brighten Wall Street’s Evening As VanEck Works To Build Community With Afropolitan
  • Stocks Tick Up On Wholesale Inflation Optimism After Worst Trading Day Since 2020
  • Where To Watch The Ethereum Merge Live Tonight
  • Iranians Hacked A Domestic Violence Shelter And U.S. Power Companies In Ransomware Rampage, FBI Says
  • Daily Dozen | Forbes: Crown Closures; Inflation Stings Investors; Crypto’s Deep Freeze
  • J.P. Morgan Rushes To Modernize As Cloud-Native Competitors Move In On Its Payments Business
  • 4 actions CEOs should take in the era of high inflation
  • A computer scientist explains how proof-of-stake can revolutionize crypto
  • Jay-Z’s Selling Bitcoin in the Projects. Not Everyone’s Buying.
  • Argo Blockchain: Stay Safe And Warm This Crypto Winter With High-Yielding Baby Bonds
Dollar pushes towards fresh 24-year peak versus yen after U.S. CPI shock

Dollar pushes towards fresh 24-year peak versus yen after U.S. CPI shock

The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in U.S. yields after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve next week.

US charges Iran trio with orchestrating vast hacking and extortion scheme

US charges Iran trio with orchestrating vast hacking and extortion scheme

Men allegedly tried to extort hundreds of thousands of dollars from groups in US including domestic violence shelterThree Iranians have been charged with trying to extort hundreds of thousands of dollars from organizations in the United States, Europe, Iran a…

The Ethereum Merge is Imminent. Here's Why It Matters

The Ethereum Merge is Imminent. Here's Why It Matters

The Merge will see the second biggest blockchain, ethereum, adopt a proof of stake model. It's estimated to reduce the blockchain's energy use by over 99%.

Ethereum Merge nears final countdown as bitcoin and ether inch higher

Ethereum Merge nears final countdown as bitcoin and ether inch higher

The Ethereum Foundation has said the highly anticipated merge event is set to begin sometime around Wednesday or Thursday.

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

Mark Mobius thinks the Fed will hike rates as high as 9% to tame inflation, adding that it believe rates must be higher than inflation to bring it down.

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

Mark Mobius thinks the Fed will hike rates as high as 9% to tame inflation, adding that it believe rates must be higher than inflation to bring it down.

US stocks edge higher after worst day for markets in 2 years as wholesale inflation dips

US stocks edge higher after worst day for markets in 2 years as wholesale inflation dips

Producer Price Index data, which measures wholesale level prices, showed a decrease of 0.1% in August, matching expectations.

2 Crypto Stocks to Avoid Like the Plague in September

2 Crypto Stocks to Avoid Like the Plague in September

After a solid bull run last year, the crypto market witnessed a massive sell-off this year on concerns over macroeconomic and geopolitical headwinds. With many experts expecting the crypto market...

Afterburner

Afterburner

What are we supposed to make of Starbucks Odyssey, a metastasized version of their rewards program? Let's have Howard Something Something tell us directly: "We believe this new digital Web3-enabled initiative will allow us to build on the current Starbucks Re…

3 Ways You Can Create Your Own Crypto

3 Ways You Can Create Your Own Crypto

Want to create a unique crypto? Here's how it works.

24 Business Ideas for Introverts

24 Business Ideas for Introverts

If you see yourself as an introvert, there are many perfect business options. These business ideas for introverts will inspire you to take the next step.

The U.S. Open Needs to Fix Its Late Match Problem

The U.S. Open Needs to Fix Its Late Match Problem

In Jon Wertheim’s latest mailbag, he discusses the last major of the year, Iga Swiatek’s gamesmanship and the uncertain fate of Peng Shuai.

Why You Should Buy Block Stock (And It's Not Bitcoin)

Why You Should Buy Block Stock (And It's Not Bitcoin)

As management emphasizes Bitcoin, more established segments continue to prosper.

Why Bitcoin, Solana and Terra Luna Classic Are Sinking Today

Why Bitcoin, Solana and Terra Luna Classic Are Sinking Today

The stock market might be rebounding from Tuesday's plunge, but these major cryptos are still sliding.

As Stocks Swoon, Can Crypto Get Its Mojo Back?

As Stocks Swoon, Can Crypto Get Its Mojo Back?

Both Wall Street and digital assets are taking big hits.

Why This Billionaire Invested in Polygon, and You Should Too

Why This Billionaire Invested in Polygon, and You Should Too

Polygon caught the eye of this investor because of its current utility and long-term potential.

Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11%

Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11%

Major crypto tokens were trading with big cuts as Solana plunged 11 per cent, followed by Avalanche which was down over 9 per cent. Polygon and Bitcoin dropped 8 per cent each. XRP and Ethereum shed 6 per cent each.

Bitcoin Donations Solicited on Infowars Go Directly to Alex Jones, Testimony Confirms

Bitcoin Donations Solicited on Infowars Go Directly to Alex Jones, Testimony Confirms

"He doesn’t tell anybody where it goes or what he does with it.”

Iranian Hackers Used Victims’ Printers to Issue Ransom Demands, DOJ Says

Iranian Hackers Used Victims’ Printers to Issue Ransom Demands, DOJ Says

Prosecutors have identified three Iranian nationals and accused them of being behind a series of ransomware attacks in the U.S., and around the world.

NFTs Brighten Wall Street’s Evening As VanEck Works To Build Community With Afropolitan

NFTs Brighten Wall Street’s Evening As VanEck Works To Build Community With Afropolitan

Asset manager links global investors with firm looking to create a digital country for the African diaspora.

Stocks Tick Up On Wholesale Inflation Optimism After Worst Trading Day Since 2020

Stocks Tick Up On Wholesale Inflation Optimism After Worst Trading Day Since 2020

The modest market jump follows the worst day for stocks since June 2020.

Where To Watch The Ethereum Merge Live Tonight

Where To Watch The Ethereum Merge Live Tonight

It’s one of the biggest events in the history of crypto and blockchain and although there won’t be any literal fireworks when the Ethereum blockchain moves from proof of work to proof of stake, true believers in Eth are still celebrating around the world.

Iranians Hacked A Domestic Violence Shelter And U.S. Power Companies In Ransomware Rampage, FBI Says

Iranians Hacked A Domestic Violence Shelter And U.S. Power Companies In Ransomware Rampage, FBI Says

U.S. lays out charges and sanctions against Iranian government-linked companies and individuals for a huge hacking campaign that hit hundreds of organizations.

Daily Dozen | Forbes: Crown Closures; Inflation Stings Investors; Crypto’s Deep Freeze

Daily Dozen | Forbes: Crown Closures; Inflation Stings Investors; Crypto’s Deep Freeze

Ukraine calls for more military aid; the first bill looking to nationally restrict abortion; stocks' worst day in 2022; and more.

J.P. Morgan Rushes To Modernize As Cloud-Native Competitors Move In On Its Payments Business

J.P. Morgan Rushes To Modernize As Cloud-Native Competitors Move In On Its Payments Business

Upstarts like Block and Stripe are challenging payment processing incumbent J.P. Morgan in ecommerce and small business. Now, the giant is moving to modernize outdated systems.

4 actions CEOs should take in the era of high inflation

4 actions CEOs should take in the era of high inflation

Resilience and efficiency will be key—but don't forget to keep growing.

A computer scientist explains how proof-of-stake can revolutionize crypto

A computer scientist explains how proof-of-stake can revolutionize crypto

A consensus mechanism used to verify new crypto transactions, proof-of-stock uses far less energy than the current proof-of-work. Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that …

Jay-Z’s Selling Bitcoin in the Projects. Not Everyone’s Buying.

Jay-Z’s Selling Bitcoin in the Projects. Not Everyone’s Buying.

Photo Illustration by Erin O’Flynn/The Daily Beast/Getty It was an eyebrow-raising venture from the outset: two billionaire crypto evangelists funding a 12-week “Bitcoin Academy” for residents of a public housing complex in Brooklyn, with classes ranging fro…

Argo Blockchain: Stay Safe And Warm This Crypto Winter With High-Yielding Baby Bonds

Argo Blockchain: Stay Safe And Warm This Crypto Winter With High-Yielding Baby Bonds

Argo Blockchain baby bonds reward high yield investors with a 12.2% cash yield and capital gains. Learn why I rate ARBKL a buy.