The consumer price index (CPI) increased by 0.4% in October, much less than the 0.6% consensus estimate, according to data released on Thursday by the U.S. Labor Department. In contrast to expectations for 8% and down from 8.2% in September, the annual pace slowed to just 7.7%. Due to the FTX meltdown, Bitcoin (BTC), which dropped to a new two-year low of $15,554 on Wednesday, quickly gained $1,500, or roughly 10%, in the minutes following the report. Its price at the time of publication is $17

MetaMask, a well-known crypto wallet provider, has released a new feature that allows users to transfer their cryptocurrency across several chains. According to a blog post by MetaMask, the service is a component of its recently released portfolio app and is currently in beta testing. Connext, Hop, Celer cBridge, and Polygon Bridge are the four bridge providers that MetaMask claims its bridge aggregator will support. The cryptocurrency wallet service asserted to have gone through a thorough sc

Binance and FTX have been the hottest names recently with many twists and turns leading to the whole crypto market turning red yesterday. So what really happened? Let’s have a glimpse and check our article to have an overview of this occurrence. The start of this "crypto-earthquake" is when the $FTT price of Sam Bankman-Fried (SBF)- CEO of FTX exchange and CEO of Alameda research fund - dropped sharply on early Sunday morning (November 6). There is a rumor of a giant whale with 23 million FTT t

NTT Docomo, Japan's largest mobile network, has committed to investing up to 600 billion yen ($4 billion) on Web3 infrastructure. They plan to form a consortium that will allow people and companies to use tokens for governance. "We will further disseminate Web3 by collaborating with NTT Docomo, a firm that has generated case studies that have been utilized by tens of millions of people," Astar Network founder Sota Watanabe said in a statement. The Japanese government owns one-third of NTT Doco

As rumors concerning the stability of billionaire Sam Bankman-Fried's  FTX crypto exchange grew over the weekend, the CEO of FTX tweeted on Monday morning that "FTX is fine. Assets are fine." "FTX has enough to cover all client holdings," he added. "We don't invest client assets (even in Treasurys). We have been processing all withdrawals, and will continue to be." According to a report last week by CoinDesk, the balance sheet of FTX sister company Alameda Research was found to be loaded with

According to a Wall Street Journal story, Meta is preparing significant layoffs that might effect "thousands" of employees. At the end of September, the parent company of Facebook and Instagram reported having around 87,000 workers, but these "large-scale" layoffs are anticipated to significantly reduce that number. The major job cutbacks at Twitter, which affected roughly half of the company's 7,500 employees, may not have had the same impact on Meta as they did. Meta's CEO Mark Zuckerberg st

Four-day conference Solana Breakpoint from Nov. 4 to Nov. 7, gathered 13,000 attendees in just one of its four venues. Solana made a number of launch announcements at Breakpoint 2022 in Libson, the ecosystem's yearly conference, as it gets ready to enter the mainstream. QR Code giveaways and GeoNFTs for Solana Store Soon after, Solana Spaces' CEO and creator Vibhu Norby took the stage to offer an interactive presentation while soliciting audience members to scan QR codes to enter a drawing. N

Binance's CEO Changpeng Zhao (CZ) tweeted on Sunday informing that he will sell all of FTX (FTT) tokens on his books as a result of "recent disclosures that came to light." CZ has emphasized that this is not a move against the company's top rival. He claims that the sale will take a few months because of the lack of liquidity and that Binance will make an effort to lessen the effect on the market. He did not specify how much FTT his company will sell, but he did note that as part of the crypto

According to a statement made on Wednesday by parent company Meta, Instagram is creating a minting and sales tool for NFTs within its app. With the help of the future "end-to-end toolkit" for NFTs, users will be able to design and sell their own NFTs for sale on Instagram. Meta CEO Mark Zuckerberg made the announcement during a session at South By Southwest "I'm not ready to kind of announce exactly what that's going to be today. But over the next several months, the ability to bring some of yo

National Basketball League (NBA) star and non-fungible token (NFT) enthusiast Steph Curry has filed a trademark for the “Curryverse,” expressing intentions to develop dynamic "virtual environment" for the sale of NFTs and metaverse. Curry's personal, virtual, and metaversal looks are all included under the whole trademark application, along with "online gaming services in the nature of virtual worlds." Curry has been an ambassador for cryptocurrency exchange FTX since September 2021, but this