Jobs growth slowed in August, with 315,000 jobs added, compared with 526,000 jobs added in July, although the total for August beat analysts’ estimates of a gain of 300,000. The unemployment rate rose to 3.7%, versus an expected 3.5% rate, although labor-force participation ticked up to 62.4% from 62.1% in July. Source link

The crypto market has found itself at odds since the price of bitcoin had fallen to $20,000. This remains an important technical level for the digital asset because it is right above its previous cycle peak. As such, investors across the space watch with bated breaths to see if bitcoin will be able to hold this level. This has, in turn, led to a decline in investor sentiment during this time, causing the Fear & Greed Index to plunge low. Crypto Index Sits At 25  The Crypto Fear & Greed… Source link

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past week in the DeFi ecosystem saw major developments centered around the Ethereum Merge. Aave community proposed temporarily suspending Ether (ETH) lending before the Merge, citing the potential issue of high ETH utilization that may result in liquidations being hard or impossible and annual percentage yields… Source link

“When you’re moving from a system that is about generating as many random numbers as fast as possible with 10 million [graphic processing units] across the world, to a system that’s running on a few thousand computers that are pretty low energy, it’s going to make a huge difference,” McDonald said. Graphic processing units, or GPUs, are used in cryptocurrency mining. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Price Point: Bitcoin was rising Friday after the U.S. Labor Department reported that jobs growth slowed dramatically last month, which is seen as a boost for the prices of risky assets, because it relieves pressure on the Federal Reserve to raise interest rates aggressively. Market Moves: A look at how derivatives are dominating ether markets ahead of the Ethereum blockchain’s Merge. Chart of the Day: U.S. inflation-adjusted bond yield is at its highest since mid-July. This article originally… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000. Bitcoin Bitcoin (BTC) was trading above $20,000 on Friday, as markets reacted to the latest monthly jobs report. Last month’s payrolls came in at 315,000, which is higher than the consensus… Source link

Litecoin price analysis reveals that the LTC/USD price is currently in a bullish trend as it rallies to break out at the $59.25 level. However, the cryptocurrency is facing rejection at $59.31 as the bulls seem to be losing momentum. Litecoin’s price started the day trading at $54.69 and has so far hit a high of $59.31 as the bulls continue to push the prices higher. The price has increased by more than 6.07 percent in the last 24 hours and is currently trading at $59.25. The 24-hour… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link