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Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’
11.7.2023
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...
Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows
11.7.2023
A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings. “Central banks are diversifying currency holdings, stirred by geopolitical uncertainties and attractive opportunities...
Bitcoin's Optimism Fades as Turmoil and Interest Rates Present Challenges
10.7.2023
Bitcoin (BTC) fell lower over the course of last week, as optimism faded among market participants in the face of potentially higher interest rates in the US.
The price of the number one cryptocurrency have largely been in an uptrend since news broke that the world’s largest asset manager...
CPI meets low BTC supply — 5 things to know in Bitcoin this week
10.7.2023
Bitcoin is proving that everything is bullish but BTC price action this week, with network fundamentals and accumulation data in "up only" mode
Latam Insights — Bolivia Calls for De-Dollarization, Reserve Drops Fiat Services
10.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops fiat services in Latam, and Argentina postpones...
Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
8.7.2023
According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency will act as...
New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test
8.7.2023
The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using...
How Argentina’s inflation is helping altcoins and the crypto market
7.7.2023
Cointelegraph analyst and writer Marcel Pechman explains how Argentina’s 150% inflation is actually helping the altcoin market by luring more investors
U.S. Added 209K Jobs in June, Missing Expectations for 230K
7.7.2023
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%
Why a Bitcoin ETF approval would be a big deal
7.7.2023
Bitcoin ETFs are back in the spotlight after several companies filed with the SEC. This week’s episode of Market Talks discusses why approval would be a big deal for Bitcoin
Peter Schiff: The Fed Has Lost Inflation Fight — ‘Markets Just Haven’t Figured That out Yet’
7.7.2023
Economist Peter Schiff has warned that the Federal Reserve has lost and inflation is about to get worse. “The markets just haven’t figured that out yet,” he cautioned, emphasizing that “We continue to get a lot of weak economic data.” ‘The Fed Has Lost’ Economist and gold bug Peter...
NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC
6.7.2023
The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
6.7.2023
Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential
Why is Litecoin price down today?
5.7.2023
Litecoin price is down today in part due to its overbought conditions and ahead of the Federal Reserve's meeting minutes release
Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases
5.7.2023
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020
Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally
5.7.2023
BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains
Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out
5.7.2023
Projects like TrueUSD and Paxos are turning to Chainlink to give users transparency into their reserves, but their numbers remain difficult to verify
Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments
5.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and...
2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023
3.7.2023
Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...
Miners send millions to exchanges — 5 things to know in Bitcoin this week
3.7.2023
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence