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Job Openings Fare Higher Than Expected According to the Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) report released on Wednesday, job openings — a key measure of labor demand — saw an increase of 358,000 to reach 10.1 million by the end of April. The data for March was also revised upward, revealing 9.75 million job openings instead of the previously reported 9.59 million. advertisement Read More: United States Set To Vote On Debt Limit Bill, Rep. McHenry Confident On Majority The growth in job openings was primarily driven by the retail, healthcare, and transportation sectors as positions in these industries witnessed an increase in vacancies. On the other hand, openings declined in the manufacturing sector, real estate firms, and state and local governments. Fed’s Aggressive Interest Rate Hikes Although job openings have declined from the record high of 12 million recorded in March 2022, they s...

Bitcoin [BTC], the world’s largest crypto asset has witnessed impeccable growth in terms of both adoption and price. Despite 2022’s slump, the community seems optimistic about the asset hitting greater heights. Back in 2021, during the peak of BTC, prominent asset manager Fidelity made a highly bullish prediction about Bitcoin. However, the current scenario raises the question of whether this forecast remains valid and applicable. Fidelity’s Prediction for Bitcoin Jurrien Timmer, the Director of Global Macro at Fidelity, put forth the notion that Bitcoin has the potential to reach a value of $1 billion in roughly two decades, specifically around the year 2038. To support his forecast, Timmer employed a combination of models and charts, with a particular focus on the stock-to-flow model and his own demand model. These analytical tools formed the foundation of his primary prediction. Source The above demand model employs Metcalfe’s Law. According to this, “the number of its users g...

Join Our Telegram channel to stay up to date on breaking news coverage The value of Pepe coin (PEPE) has dropped by more than 10% in the past day, indicating that it is becoming less appealing to investors. Pepe is now failing despite the market being on an upward trend. Even when Bitcoin started to make a rebound over the course of the past 36 hours. PEPE coins drop quickly and appear to be losing popularity Pepe’s trading volume has dropped from an average of $250 Million 7 to 10 days ago to an average of $133 Million in the last 3 days. This is extremely similar to what occurred with Luna Classic following its last massive pump, which finished in September 2022. Since that time, Luna Classic has not only failed to recover but has also drastically missed the average performance of the market. Over the course of the past few weeks, the Pepe momentum has come to a complete and utter halt. Pepe, on the other hand, continues to have the upper hand in terms of search volume...

In a surprising turn of events, Nvidia (NVDA) has defied the pessimistic predictions of renowned financial commentator Jim Cramer, who also is a vocal critic of Bitcoin and cryptocurrencies. Cramer had advised investors to short Nvidia in September 2022, labeling the stock a loser. However, since his bearish statement, Nvidia’s stock has experienced a remarkable surge, climbing an astonishing 195%. A Reddit account associated with the Wall Street Bets community recently resurfaced Cramer’s negative sentiment towards Nvidia, attaching a short video from a TV presentation where he explicitly recommended shorting the company. The post gained significant attention and sparked discussion among Redditors, highlighting Cramer’s flawed assessment in light of Nvidia’s remarkable performance. Adding to the chipmaker’s triumph, Nvidia reported impressive first-quarter earnings that exceeded Wall Street estimates, causing its stock to surge by over 25% during extended trading....

Join Our Telegram channel to stay up to date on breaking news coverage According to reports from Chainalysis and Elliptic, cryptocurrency is fueling the trade of fentanyl and its precursors. China has long been identified by law enforcement agencies around the world as a source of deadly fentanyl and the precursors used to make it. How much of this trade is conducted in cryptocurrency has been quantified in new studies from Chainalysis and Elliptic. Cryptocurrency is fueling the trade of fentanyl and its precursors Wallets linked to Darknet vendors who sell fentanyl and its precursors have reportedly received $27 million in payments, according to Elliptic, which published its report on the subject on Tuesday. However, it is unclear over what time period this occurred. Chainalysis estimated the amount to be $37.8 million since 2018. According to Elliptic’s estimate, $27 million could buy enough precursor to make fentanyl pills with a street value of about $54 billion. Ac...

An Ethereum ICO participant who had been dormant for around 8 years recently became active. According to the smart money tracking platform LookChain, he transferred all 8000 ETH tokens to a new address. They were cumulatively worth $14.7 million. The transfer happened via two individual transactions. The first one was perhaps a test transfer, for only 1 ETH was sent to a new wallet. A minute later, the participant transferred the left over 7,999 ETH to the same new wallet address. An Ethereum ICO participant who has been dormant for 8 years woke up today. He transferred all 8000 $ETH($14.7M) to a new address.https://t.co/1griKB9Te9 pic.twitter.com/1bvQh3zsqY — Lookonchain (@lookonchain) May 28, 2023 Also Read: 20,000% Vs. 11,000%: Bitcoin Beats Nvidia in 10 Year Gains Even though the ICO whale address was activated after a period of 8 years, participants who acquired ETH more recently, continue to clasp onto their holdings. As far as the macro picture is concerned, the ...

A well-known crypto analyst Ali shared a post on Twitter yesterday to highlight that whales have been accumulating Ripple (XRP). In the post, the analyst noted that this could indicate that whales are very bullish on the remittance token. The analyst referred to some data collected by the market intelligence firm, Santiment, in his post and pointed out that whales have purchased more than 52 million XRP over the past three weeks alone. The collective worth of the purchased XRP was estimated to be $22.9 million. XRP price (Source: CoinMarketCap) At press time, XRP was one of the many cryptocurrencies trading in the green for the day. Data from CoinMarketCap showed that the altcoin was worth about $0.4741 after a 2.56% price increase over the past day. As a result, the crypto was trading much closer to its daily high of $0.4777 than its 24 hour low of $0.4607. The increase in XRP’s price was able to flip its weekly performance back into the green, taking the total wee...

The founder of Digital Bitcoin Art and Assets believes that smart contracts on Bitcoin could solve the myriad problems created by Ordinals. Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees. Nweze recently put this belief to the test, launching a beta version of his NFT marketplace on May 19. Rather than using Ordinals, it leverages the RGB Smart Contract Protocol to mint NFTs on top of the Bitcoin (BTC) network. Since the introduction of Ordinals Protocol in January, Bitcoin-based NFTs and tokens have exploded in popularity, with more than 9 million total “inscriptions,” according to data from Dune Analytics. However, the rise of Ordinals has also invited its fair share of controversy, including its purported impact on block space and transaction fees. The total number of Ordinals inscription...

Gerolamo Cardano, an Italian polymath, inspired the development of the Cardano, which debuted in 2017. Charles Hoskinson, the creator of ADA, revealed details about the Alonzo hard fork in August 2021. ADA has come a long way since its inception, making numerous strides and developments along the way. Crypto Capital Venture founder Dan Gambardello has recently released a dedicated video on Cardano . Gambardello stated that a major move is incoming. Cardano major move incoming. Here is what to look for. And do swaps on Cardano really take 30 minutes? Here is a hint for the thumbnail police: No, they don't take 30 minutes.$ ADA https://t.co/qSdELNp68H — Dan Gambardello (@cryptorecruitr) May 25, 2023 Cardano is now at crossroads, says Gambardello Gambardello addressed recent news that has been circulating that some swaps on Cardano -based decentralized exchanges take up to 30 minutes to complete. He defended Cardano -based DEXs and stated that he has never exp...

US Debt Situation To Bring Crypto Market Correction During the Qatar Economic Forum organized by Bloomberg, Blockchain.com CEO Peter Smith said US default or recession will also impact crypto initially. However, crypto prices will recover after a short period. advertisement “On a long horizon, these are probably good for crypto…If the U.S. government defaults, we’ll probably see a quick pull-back and then a very strong push upward in the crypto market.” Smith also agreed that the crypto market recovering slowly this year and 2024 will be a massive year for crypto Bitcoin halving will happen in April. "I think the crypto market is going to be much bigger in the future than it is today," @blockchain's @OneMorePeter #QatarEconomicForum #منتدى_قطر_الاقتصادي @jennzaba pic.twitter.com/WneSNQr6iV Recommended Articles ...

Join Our Telegram channel to stay up to date on breaking news coverage  isCryptocurrencies are volatile, versatile, and incredibly dynamic which is why they are prone to daily market changes. For instance, the global crypto market cap now stands at $1.12 trillion, which is a 1.89 decrease since we made our post yesterday .  There is no doubt that crypto currency is a breeding ground for generational wealth. However, with so many transformations happening daily within the crypto realm, it is unsurprising that investors and crypto enthusiasts often need guidance on investment opportunities. This is why we have painstakingly compiled a detailed list that answers the question: What will be the next crypto currency to explode? The Top Cryptocurrencies To Explode Today The next cryptos to explode are a collection of coins that outrank and outperform others in the market. A comprehensive understanding of what they entail uncovers their potential and leads to a treasure t...