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Crypto market cap hits $3.1T high, could soon surpass France’s GDP
12.11.2024
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France
Bitcoin traders take a breather as BTC price metrics hint new highs are incoming
30.10.2024
Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price
25.10.2024
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing...
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
11.10.2024
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...
Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
17.9.2024
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups
Former Commerce Secretary Warns US Headed for Recession
16.9.2024
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the...
Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility
7.9.2024
In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of...
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
2.9.2024
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the...
Macroeconomics Expert Predicts Hard Landing for US Economy
4.8.2024
Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking sector and the broader financial landscape. Banks...
3 reasons why Bitcoin (BTC) price is down today
25.7.2024
Strong macroeconomic data, fear of an artificial intelligence bubble and an ongoing court case could be factors in Bitcoin’s multiday correction
Spot Ethereum ETFs are coming, but ETH derivatives markets are flat
18.7.2024
Ether futures show little confidence in the chance of ETH breaking above $4,000 in the near term
El Salvador’s Bitcoin and AI Adoption Plans Could 10x GDP by 2029
29.5.2024
ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years.
The post El Salvador’s Bitcoin and AI Adoption Plans Could 10x GDP by 2029 appeared first on Cryptonews
El Salvador’s Bitcoin, AI plans could boost GDP tenfold by 2029: Cathie Wood
29.5.2024
The ARK Invest CEO praised the Central American country for being an “oasis” for Bitcoin and AI adoption
Microsoft pours $2.2 billion into Malaysia for cloud and AI expansion
2.5.2024
In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities
Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation
26.4.2024
Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern
Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes
25.4.2024
Bitcoin traders remain unfazed while BTC price action follows stocks downward on the back of surprise U.S. macro data
Turkey tops the world in stablecoin buying share vs. GDP
25.4.2024
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis
Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study
14.3.2024
An Atlantic Council study showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.
The post Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study...
OKX Breaks Into Argentina With Wallet And Crypto Exchange
7.2.2024
OKX launched localized trading services in Argentina on February 7 to provide Argentinians access to the non-custodial OKX Web3 Wallet. This development will establish a secure gateway for managing DeFi, trading NFTs, accessing dApps, and more in one of Latin America’s largest crypto markets...
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
25.1.2024
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report