Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
Tag: news
Doug Kass: Here’s Why Easy Money Often Winds Up in Money Heaven
There are an increasing number of examples of the tide going out and exposing us to who is swimming naked. Excessive monetary growth gave capital to the likes of Chamath Palihapitiya, Cathie Wood and...
Veteran Trader Peter Brandt Says Dogecoin Bear Market Has Ended – Markets and Prices Bitcoin News
Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the ...
Stocks Poised to Fall Monday
U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Su...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’ – Economics Bitcoin News
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “prett...
After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile – Exchanges Bitcoin News
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exc...
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 – Bitcoin News
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value slidin...
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats – Economics Bitcoin News
The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct....
Brazilian City of Porto Alegre Formally Makes Room for Bitcoin Pizza Day
A Bill has formerly been passed to recognize May 22 as Bitcoin Pizza Day in the city of Porto Alegre in Brazil. Sebastiao Melo, the mayor of the city, is credited with having approved the law around t...
Dogecoin Becomes The 8th Largest Cryptocurrency, Overtaking Cardano
According to CoinMarketCap, Dogecoin has replaced Cardano as the eighth-largest cryptocurrency by market capitalization. On Saturday evening, Dogecoin quickly jumped ahead of Cardono to claim the eigh...
DEC Pulls $9M in Seed Funding to Create Decentralized Uber
The Decentralized Engineering Corporation (DEC) has raised a seed investment of $9 million to create a decentralized Uber rival on Solana. According to a news report, DEC said that it has raised $9 mi...
Bank of America Opens Job Position for Crypto Public Policy Analysts
The Bank of America (BoA), an American multinational bank in Washington DC is seeking 27 applicants for the position of Policy Analysis and Insights Manager with a primary focus on fintech, cyber, AI,...
FTX CEO Quits Crypto Policy Debate, Allows Crypto Twitter to Carryon
The CEO of FTX, Sam Bankman-Fried has hinted that he is no longer interested in any debate that concerns crypto policies. He made his intention known in a Twitter thread shared over the weekend. “Tak...
The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales – Blockchain Bitcoin News
While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover...
3 High Dividend Stocks to Buy and Hold
When it comes to finding great stocks to hold for the long-term, investors have many routes that can be taken to accumulate wealth. Some stocks are value-oriented, offering shareholders a cheap purcha...
The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join t...
Financially Distressed Core Scientific Owes $1 Billion To Creditors
Core Scientific, a major publicly traded crypto mining company in the U.S., on Friday raised the possibility of bankruptcy in a statement filed with the SEC (Securities and Exchange Commission). Block...
Elon Musk Could Bring More Crypto Use Cases into Twitter: Bloomberg
Elon Musk became Twitter’s owner late Thursday after his $44 billion deal to take over the firm officially closed, marking a new era for one of the most influential social media platforms in the world...
Cosmos Hub Postpones Vote Date On New Security Model Proposal
After two respective postponements, the Cosmos’ vote date to approve proposed changes to the network’s Hub has now been fixed to October 31. The proposed changes by the Cosmos developers are sai...
Visa Files Trademark Applications for Crypto Products, Including NFTs
Payment giant Visa has filed two trademark applications to the United States Patent and Trademark Office (USPTO) concerning cryptocurrency wallets, non-fungible tokens (NFT), and the Metaverse. This w...
Bitcoin.com Games Invites you to Celebrate Halloween with a Magical Tournament – Promoted Bitcoin News
It’s Halloween! Play spookilicious casino games and celebrate this festival of hallowed magic with Bitcoin.com Games! Monsters😈 Bats🦇 Witches🧙 Vampires🧛 Our very own premium casino brand, Bitcoin.com ...
Thailand and Hungary Partner to Promote Blockchain Tech in Financial Sector – Blockchain Bitcoin News
Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for...
74% of Institutional Investors Surveyed Plan to Invest in Digital Assets – Featured Bitcoin News
A new study by Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, shows that 58% of institutional investors surveyed invested in digital assets in the first half of this ye...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry – Regulation Bitcoin News
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” t...
Robert Kiyosaki Warns Stocks, Bonds, Real Estate Will Crash as Fed Continues Rate Hikes — Advises Buy Bitcoin Before Fed Pivot – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates....
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy – Mining Bitcoin News
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company m...
Zksync 2.0 Goes Live, Promises Lower Gas Fees, Faster Transactions on Ethereum Mainnet
Matter Labs, a blockchain startup building out a sophisticated roll-up product, announced on Friday the launch of ZkSync 2.0, an Ethereum scaling solution, that is set to enable developers to host sma...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache – Bitcoin News
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The...
Vitalik Buterin Thinks Twitter Headquarters Should Be Moved to Switzerland
Ethereum Co-founder Vitalik Buterin has made suggestions that the Twitter headquarters should be moved from the United States to Switzerland after the Twitter takeover by the richest man in the world,...
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament – Mining Bitcoin News
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament afte...
EOS Foundation Signs MoU with Busan City to Boost Blockchain Investments
Following its recent partnership with crypto exchanges such as Binance, FTX, and Huobi to help develop its blockchain infrastructure, Busan, a city in South Korea, has now signed a Memorandum of Under...