Federal Reserve policymakers divided over US rate cuts

Image copyright Getty Images Image caption Donald Trump called Fed chairman Jerome Powell “clueless” The US Federal Reserve debated cutting interest rates more aggressively last month, according to minutes from the central bank’s last meeting. Some officials pressed for a 0.5 percentage point cut, rather than the 0.25 percentage point reduction announced. Others resisted any…

Amazon fires: Brazilian rainforest burning at record rate, space agency warns

Image copyright Reuters Image caption Inpe said it had detected more than 72,000 fires so far this year Brazil’s Amazon rainforest has seen a record number of fires this year, according to new data from the country’s space research agency. The National Institute for Space Research (Inpe) said its satellite data showed an 83% increase…

What is the UK’s inflation rate?

Image copyright Getty Images Image caption Researchers track the prices of thousands of items we regularly put in our shopping trolleys Inflation affects everything from mortgages, pensions and benefits to the price of train tickets. So, what is inflation and what impact does it have? What is inflation? Inflation is the rate at which the…

Ebola drugs show ‘90% survival rate’ in breakthrough trial

Image copyright Reuters Image caption An outbreak of Ebola has killed more than 1,800 people in the Democratic Republic of Congo Ebola may soon be a “preventable and treatable” disease after a trial of two drugs showed significantly improved survival rates, scientists have said. Four drugs were trialled on patients in the Democratic Republic of…

Bitcoin Hash Rate Hits 80 Quintillion for the First Time

Bitcoin (BTC) surpassed another milestone on Thursday, August 8, as the world’s leading cryptocurrency’s hash rate hit 80 quintillion for the first time. This news comes during a good week for BTC, which saw the coin’s value top $12,000 USD twice in three days amid fears that a global recession is on the horizon. What is…

Bitcoin Network Hash Rate Hits New High Over 80EH/s

Just a week after the Bitcoin network notched up another new hash rate high, it has done it again and this one is a bit of a milestone. Bitcoin Hash Rate Hits 80 EH/s For the first time ever, Bitcoin’s hash rate has topped 80 Exahashes per second. According to Bitinfocharts.com network hash rate hit…

Another All-Time High For Bitcoin Hash Rate

The Bitcoin network is growing from strength to strength. One measure of this is hash rate which is the equivalent of network horsepower, and this metric has just reached another milestone. Bitcoin Network Keeps Cranking Hash rate in simple terms is the speed at which computers on the network operate. For miners, the higher the…

Birth rate in England and Wales hits record low

Image copyright Getty Images The birth rate in England and Wales – measured as a proportion of the total population – hit a new low in 2018, according to the Office for National Statistics. It says the trend could be driven by falling fertility rates and an ageing population. Fertility rates decreased in all age…

Dow Jones Drops After Fed Rate Cut, What’s This Mean for Bitcoin?

July was yet another strong month for the stock markets despite looming threat of a coming economic recession, with the Dow, Nasdaq, and S&P 500 all close to beating out their average monthly gains for the calendar month. Bitcoin, however, has spent much of July locked in a downtrend. This morning as the Fed monetary…