Bitcoin hash rate accelerating, and crypto is welcoming a change in the energy narrative
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City AM
City AM
By Darren Parkin THE WEEK IN REVIEWwith Jason Deane It’s been a very noisy week in the press, but if you power through it all, you’ll find not a lot of actual substance has really happened. Economically, however, there are a couple of things to note. There was a surprise drop in reported UK inflation to 6.7% against the previous month of 6.8%. It’s a small drop, but most economists had actually been expecting a slight rise to around 7% due to underlying fuel prices. That significantly reduced the chances of yet another rate hike at the Thursday Bank Of England meeting, and, in fact, most of th…