The official Consumer Price Index (CPI) figure has come in at 8.5% in July year-over-year – indicating a slowing of inflation since June.
| August 10, 2022 | August 10th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has bounced straight back to the $24,000 level following the announcement of official inflation numbers today. |
| Top-20 altcoins have also rebounded to where they were Monday, as Ethereum gains 9%, BNB rises 6% and Uniswap rallies 14%. |
Top Stories for August 10, 2022 🔥 |
| The official Consumer Price Index (CPI) figure has come in at 8.5% in July year-over-year – indicating a slowing of inflation since June. |
| Chris Kuiper, director of research at Fidelity Digital Assets, stated ahead of the announcement that such a change in the CPI would be viewed as positive for crypto markets, as central banks would have a reason to alleviate rate increases. |
| Kuiper's prediction appears to be right thus far, as the crypto market rallies on July's inflation figure. |
| Blockchain analytics company Elliptic has announced a new product that can track crypto transaction flows across blockchains, within milliseconds. |
| Elliptic believes the product, "Holistic Screening", will be a game-changer for regulatory compliance and tracking stolen funds, which are often routed across blockchains to obscure their trail. |
| Iran has made its first international import order using cryptocurrency, according to Alireza Peyman-Pak, the Iranian Deputy Minister of Industry, Mine & Trade. |
| The $10 million deal is the first of many according to Peyman-Pak, who claims that crypto and smart contracts will be widely used in foreign trade by the country by the end of September. |
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