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In a continued reversal from months of easing, US inflation has risen to 2.7% in November 2024. Indeed, the US Consumer Price Index (CPI) shows that inflation is up for the second straight month. Specifically, it increased from 2.6% in October, which came after seven months of falling inflation for the country. The data will be crucial for the Federal Reserve as they once again decide whether or not to cut interest rates. The central bank is set to meet next week, where they will make the crucial decision. With inflation increasing, all eyes are on if officials will still follow through with an expected cut. BREAKING: US inflation rises to 2.7%. — Watcher.Guru (@WatcherGuru) December 11, 2024 Also Read: Trump to Speed up Permits for Anyone Investing $1B in the US US Inflation Rises Yet Again as Federal Reserve Nears Interest Rate Decision For the last two years, the United States has been embraced in a vicious fight against inflation. In June of 2022, the figure reached a peak of 9.1%...

The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed. Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, the Nansen CEO Alex Svanevik disclosed on Twitter that the company had to make an “extremely difficult decision to reduce the size of the Nansen team.”  Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik (@ASvanevik) May 30, 2023 Svanevik gave two major reasons for the reduction in Nansen’s workforce . The first was the company's rapid scaling during its initial years of operation, which “led the organization to taking on surface area that's not truly part of Nansen's core strategy.” Svanevik also cited a brutal year for crypto markets as the second reason for the layoffs. Despite efforts to diversify revenue streams through enterprise and institutional customers, Nansen's cost base remain...

The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021. The Nigerian government will reportedly soon pass a law that will recognize the usage of Bitcoin (BTC) and other cryptocurrencies as a means to keep up to date with “global practices.” The news was reported by Nigerian-based masthead Punch Newspapers on Dec. 18 following an interview with House of Representatives Committee on Capital Markets chairman Babangida Ibrahim. The report stated that if the Investments and Securities Act, 2007 (Amendment) Bill is signed into law it would allow the local Securities and Exchange Commission to “recognize cryptocurrency and other digital funds as capital for investment.” Ibrahim stressed the need for Nigeria to keep up to date with trends and developments in capital markets: “Like I said earlier during the second reading, we need an efficient and vibrant capital market in Nigeria. For us to do that, we have to be up...