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Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years

29.5.2023
Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling. According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which...

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

27.5.2023
Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the official pointed out. EAEU Replaces Dollar in Trade With...

China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

27.5.2023
China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation...

Bitcoin, Ethereum Technical Analysis: BTC Nears $27,000 as Market Reacts to Latest US Personal Consumption Data

27.5.2023
Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher. Bitcoin Bitcoin (BTC) rallied...

JPMorgan Chase enters generative AI race with IndexGPT trademark

27.5.2023
JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others

Florida Governor Ron DeSantis Joins US Presidential Race, Promises to Protect Bitcoin

25.5.2023
During a virtual discussion with Twitter’s proprietor Elon Musk on Wednesday, governor Ron DeSantis of Florida declared that he is throwing his hat into the ring for the presidency of the United States in 2024. DeSantis will confront the reigning president Joe Biden in addition to...

Binance Pay sees growing interest in Africa, South Asia and Independent States

25.5.2023
Three major markets are adopting Binance Pay as a means to make cryptocurrency-based payments for everyday goods and services

Ticketing will be a huge use case for NFTs — Gary Vee

24.5.2023
Popular entrepreneur and VeeFriends creator, Gary Vaynerchuck, shared his thoughts on NFT tickets, VeeCon 2024, cryptocurrency and blockchain adoption at VeeCon 2023

Why Bitcoin is stuck below $28,000 resistance

24.5.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin’s price is stuck near $27,000 and the next price level for the king of cryptocurrencies

White House questions impact of AI surveillance on workers

24.5.2023
Officials in Washington D.C. said they will hold a listening session to understand the experiences of workers and the usage of AI surveillance in the workplace

CBDCs on the horizon: The current state of CBDC initiatives around the world

23.5.2023
Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community

JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...

Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%

23.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest rates to close to 100%, and Brazil breaks the U.S....

Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut

23.5.2023
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state

SEC has no authority over crypto, argues defendants in $18M fraud lawsuit

23.5.2023
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto

Ripple CEO: ‘Confusing’ US Crypto Rules Benefiting Europe

23.5.2023
The United States’ confusing crypto regulations have forced firms like Ripple to consider investing outside the country, and Europe has been a “significant beneficiary” of this confusion, Brad Garlinghouse has said. The Ripple CEO suggested that the United States needs to emulate...