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Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
13.10.2023
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade...
Argentine Peso Plummets as Presidential Candidate Milei Compares It to Excrement, Gets Accused of Causing Bank Run
12.10.2023
The Argentine Peso has plummeted to record lows after Javier Milei, the presidential candidate that several polls give as the winner in the upcoming elections, said its value was lower than excrement. Milei, who has proposed to dollarize the country, ending the central bank, has been accused...
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
12.10.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that...
Peter Schiff Anticipates No Further Interest Rate Hikes Amid Middle East War — Warns ‘Crisis Is Assured’
12.10.2023
Economist Peter Schiff compared the attack on Israel to 9/11, calling it “the beginning of a bad situation.” He highlighted several factors that will weaken the U.S. economy, which he described as “already structurally weak.” The economist stressed: “The U.S. can’t even...
Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’
11.10.2023
Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold
EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy
11.10.2023
The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption.
In a report released on Oct 11, the 22-page document highlights the risks posed by a sector that holds much promise and reshaped...
U.S. Economy's Strength Signals Potential for Bitcoin Growth
11.10.2023
The recent resilience of the US economy, as demonstrated by the unexpected addition of 336,000 jobs in September, might hold positive implications for the growth of Bitcoin (BTC), Yield App chief investment officer Lucas Kiely has argued.
Writing in an opinion piece for Cointelegraph, Kiely...
Bitcoin Price Prediction: 2% Fall; Economy Booms, Fidelity Underscores BTC Role
11.10.2023
On Wednesday, Bitcoin price experienced a minor setback, with its price declining by 1.75% to trade at $27,325. This dip comes amidst a flourishing economy, suggesting that now might be an opportune moment for investors to delve deeper into the world of Bitcoin.
Notably, the stability of Bitcoin...
Billionaire Paul Tudor Jones Sees ‘Most Threatening’ Geopolitical Environment — Warns of China, Russia, Iran
11.10.2023
Billionaire investor Paul Tudor Jones has warned of the effects of the geopolitical uncertainty around four nuclear powers, including China, Russia, and Iran. “It might be the most threatening and challenging geopolitical environment that I’ve ever seen,” Jones stressed. “It...
The economy is surging — which means it might be time to start buying Bitcoin
11.10.2023
The economy is refusing to go down. If the trend continues, cryptocurrency prices are going to start rising — especially with Bitcoin's halving
Bitcoin Stands Apart in the Crypto Economy, Fidelity Digital Assets Report Says
10.10.2023
A new report from Fidelity Digital Assets argues that Bitcoin is fundamentally different from other digital assets and should be evaluated separately when constructing crypto investment portfolios. Fidelity Digital Assets Highlights Distinctive Value and Assessment of Bitcoin in Crypto Portfolios...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...
Tensions in Israel Reverberate Globally — US Equities, Cryptos Falter Amid Mideast Conflict; Oil and Metals Capitalize
9.10.2023
Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of...
Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing
8.10.2023
Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of...
ConsenSys exec on MetaMask Snaps security: ‘Consent is king’
6.10.2023
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps
‘Stringent AML and KYC Processes’ Can Help Build Consumer Confidence in the Web3 Economy — Przemek Kowalczyk
6.10.2023
Integrating crypto into the global financial system has so far proved to be problematic to due what Przemek Kowalczyk, the chief product officer (CPO) of the fintech startup Ramp, described as “digital incompatibility.” Kowalczyk, a data scientist, told Bitcoin.com News that...
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
6.10.2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards
JPMorgan CEO Warns of 2 ‘Extraordinary’ Storm Clouds Hitting US Economy With Potential ‘Bad Outcomes’
6.10.2023
JPMorgan Chase CEO Jamie Dimon has warned of two “extraordinary” things happening today that may have “bad outcomes” for the U.S. economy. Moreover, the executive has urged investors and businesses to be prepared for higher interest rates. “I don’t think inflation will keep...
Ledger lays off 12% of staff, citing 'macroeconomic headwinds'
5.10.2023
The wallet manufacturing firm reportedly had roughly 734 employees at the time of publication, suggesting that roughly 88 people may have lost their jobs