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US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years


U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....

Author Insists Current Gold Price Cheaper Now Than in 1980


While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s...

JPMorgan Doubles Down on Bitcoin Price Prediction of $146K


Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their...

Vague News From Ripple Fails To Propel XRP Prices


The US-based fintech company Ripple’s On-Demand Liquidity (ODL) network has seen its share of transactions over RippleNet double since Q3 of last year, the company said. But despite the announcement that lacked specific numbers, the price of XRP, the token that can be used in ODL, is nearly...

Peter Thiel: High Bitcoin Prices Are Proof of US Inflation


The PayPal co-founder and venture capitalist billionaire Peter Thiel has claimed that rising bitcoin (BTC) prices are proof that inflation has taken hold in the United States economy. Thiel, who per Bloomberg was speaking at the weekend “at a conservative conference” that high BTC prices “indicate...

Metaverse, NFTs and Gaming Token Prices Soar as Facebook Goes Meta


Prices of metaverse, non-fungible tokens (NFTs), and gaming tokens have shot up in the past few hours, with markets buoyed by the news that Facebook is to rename itself Meta. The tech giant reaffirmed its plans to rebrand itself as a “metaverse company” – and has made references to “crypto”...

Buoyant Bitcoin Prices Met with Silence by El Salvador’s Anti-BTC Critics


As bitcoin (BTC) prices continue to hover around the USD 60,000 mark, a kind of hush has fallen over much of the El Salvador mainstream media – most of which is vehemently opposed to both President Nayib Bukele and his bitcoin adoption drive.... Read More: Buoyant Bitcoin Prices Met with Silence...

Australian Dollar Rises While Energy Prices Keep Soaring


The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...

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