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  • Aug 30, 2024

Harris Rules Out Fracking Ban, Threading Needle on Oil

(Bloomberg) -- Vice President Kamala Harris said she wouldn’t halt fracking if elected president, reversing her prior opposition to the technique used to produce most US oil and gas today. Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessA Guide to Urban Swimming in Europe, Beyond the SeineTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospitals Shutter Maternity Wa

  • Aug 30, 2024

Native BTC Staking Is Coming to Bitcoin Layer-2 Networks, Babylon Says

Staking Bitcoin is fast becoming a reality—a functionality once the sole privilege of proof-of-stake crypto networks. Thanks to Babylon, HODLers can already lock up their BTC, which will soon be used to secure and earn yield from multiple staking-based blockchains at a time. While this has enormous implications for the entire crypto economy, its consequences may be most strongly felt in an ecosystem that’s just getting started: Bitcoin layer-2 networks. “Bitcoin L2s [are] definitely a very impor...

  • Aug 30, 2024

Beyond Telegram: A Look at Alternative Private Messaging Apps

The arrest and indictment of Telegram founder Pavel Durov by French authorities has led to renewed discussion about which messaging app provides the most privacy and protection for users. Despite its massive popularity, many critics say Telegram security is lacking. Government interest in privacy-preserving technology is intense, as criminals have been known to use encrypted applications to conceal their crimes. However, such tools are also vital to journalists, dissidents, and survivors of abus...

  • Aug 30, 2024

This Week in Coins: Bitcoin Leads Parade of Red, Toncoin Down Bad

Illustration by Mitchell Preffer for Decrypt. It was a waterfall of red, spilling down from the top of the cryptocurrency charts this week. The price of Bitcoin rolled into the weekend at $59,297, according to CoinGecko data, after seeing a sudden drop on Friday. The dip comes after the massively successful spot Bitcoin ETFs also saw more investor cash leave than come in—the first outflows in nearly four months. Analysts tell Decrypt there are solid reasons to expect BTC to face sustained downwa...

  • Aug 30, 2024

Excess Supply of Bitcoin Could Keep Pushing BTC Down, Experts Say

The cryptocurrency market may have to brace for potential turbulence in the coming months as several major Bitcoin (BTC) holders—including defunct exchanges and government entities—could liquidate substantial portions of their holdings.  This raises concerns about continued downward pressure on the world's leading digital asset and its market liquidity. According to a new report by crypto data provider Kaiko, the crypto market is currently grappling with a significant supply overhang. It's been...

  • Aug 30, 2024

US consumers' near-term inflation expectation lowest since 2020, UMich data shows

The University of Michigan's monthly consumer sentiment index survey showed households' one-year inflation expectation at 2.8%, down from 2.9% in July and now the lowest since December 2020. The five-year outlook for price growth was unchanged at 3.0%. The wider survey showed a modest improvement in consumer sentiment this month, with the uptick having significant political overtones as the Nov. 5 U.S. presidential election approaches.

  • Aug 30, 2024

Fed Favored Inflation Gauge’s Mild Gain Sets Stage for Rate Cut

(Bloomberg) -- Sign up for the Economics Daily newsletter to discover what's driving the global economy.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessA Guide to Urban Swimming in Europe, Beyond the SeineTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowThe Federal Reserve’s preferred measure of underlying US inflat

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