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Tag: Trustnodes

zkSync, The Very Expensive Second Layer

The barely month old ethereum second layer zkSync has attracted about $250 million in crypto deposits to their new network. This is one of...

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Bond Spreads Break Record

A leading indicator of recessions is flashing red at record levels according to data by the St Louis branch of the Federal Reserve Banks....

Bitcoin’s Price Hits $57,000 on Bitfinex Glitch

Bitcoin’s price rose to $57,000 on Bitifinex futures for one minute earlier today in what appears to be a glitch. Price spiked at 14:24...

Bitcoin’s Hashrate Crosses 350 Exahashes

Bitcoin’s hashrate has reached a new all time high, racing from 89 exahashes a second (Ex/s) in July 2021 when China banned bitcoin mining...

Bank Stocks Dive

PacWest has seen its stock crash 25% and is down 70% since March. The Western Alliance Bancorporation is down 17%. Zions Bancorp, with assets...

Germany on the Brink of Recession

Germany has contracted in the first quarter of the year by 0.1% over Q1 2022, the first major economy to do so. “The final...

Italy Imposes 26% Tax on Crypto

The Italian government is taxing cryptos at a punishing 26% starting this year after the Budget Law was passed in December. Until recently cryptos...

Billionaire Stanley Druckenmiller Shorts the Dollar

Billionaire investor Stanley Druckenmiller is uncertain about many things. We have not been in a situation, he says, where you have free money for...

Ukraine Unveils Robot Soldier

The Ukrainian army has unveiled a robotic soldier armed with an automated weapon, vision, and sight movements. Shown in a video to the tune...

FDIC Loses $13 Billion on JP Morgan Acquisition of First Republic

FDIC has announced First Republic Bank was closed today by the California Department of Financial Protection and Innovation and was instantly sold off to...

FDIC Expected to Seize First Republic Imminently

FDIC is expected to make an announcement it has seized First Republic prior to the Asia opening market according to Reuters. That will follow...

FDIC Gives Sunday Deadline For First Republic Bids

The Federal Deposits Insurance Corporation (FDIC) has reportedly given JP Morgan and the Pittsburgh based PNC Financial Services until Sunday to submit takeover bids...

Bitcoin Forms Massive Cup and Handle

Bitcoin is developing a nine months long cup and handle formation on weekly candles for the first time since 2019. The cup is one...

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