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BTC price heading under $30K? 5 things to know in Bitcoin this week

17.4.2023
Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

16.4.2023
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers...

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

15.4.2023
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced...

Bitcoin Price Outlook for April: BTC Hits $31,000, What Next?

14.4.2023
At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status...

A recession is coming — Here’s how it’s fueling Bitcoin

14.4.2023
Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise

Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of ‘Massive’ Recession

14.4.2023
Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally...

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

13.4.2023
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their...

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

12.4.2023
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised...

U.S. CPI Inflation Rises 0.1% in March, Slower Than Forecasts for 0.2%

12.4.2023
Bitcoin rose/fell to $XX,XXX in the minutes following the report

Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar

12.4.2023
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini...

Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed

11.4.2023
“The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework," said AG Bridget Hill

Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit

11.4.2023
The state of Wyoming is taking umbrage at the Federal Reserve Board’s insinuations that its regulatory framework for special purpose depository institutions (SPDIs) – state-chartered banks that can handle digital assets – are not up to snuff

XRP price rally stalls as SEC vs. Ripple ruling drags on — 25% drop ahead?

11.4.2023
XRP nears key breakout but lackluster volumes may spoil its 30% rally setup

Explaining ‘Bank Walks’ — Study Assesses How They Might Affect Credit

11.4.2023
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit...

Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy

11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...