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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says


Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...

Latam Insights Encore: Bukele Might Orange-Pill Milei on Bitcoin


Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine President Nayib Bukele’s official visit to Argentina, and how this might translate to bitcoin being more prominently incorporated...

BRICS Unified Currency Deemed Premature by Russian Official


Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies...

Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens


Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign...

SEC Flags Risks in Crypto and Emerging Tech Investment Scams


The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find...

Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar


Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto will step in as old money fails. Jim Rickards:...

Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing


The silver market is facing a multi-year deficit product of the extraction dynamics and the increase in the metal’s demand. Even with today’s high prices, silver production is unlikely to increase in the short or medium term given the high extraction costs and the time needed...

AI Cryptos Spike as Broader Market Stays Flat, Sector Nears $30B Milestone


While the crypto market’s overall capitalization has only ticked up by 0.28% over the past day, reaching $2.19 trillion, the artificial intelligence (AI) crypto economy has made more noticeable gains, climbing 5.4% to hover above the $29 billion mark. AI Crypto Sector Jumps 5.4% to $29B...

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