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Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

July 7, 2023 0

Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions

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Peter Schiff: The Fed Has Lost Inflation Fight — ‘Markets Just Haven’t Figured That out Yet’

July 7, 2023 0

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 Schiff issued more warnings about the […]

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Blackrock Seeks to Democratize Crypto — CEO Says Bitcoin Can Hedge Against Inflation, Currency Devaluation

July 6, 2023 0

Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says bitcoin is an international asset and crypto can be used instead of gold to hedge against inflation, the onerous problems of any country, as well as currency devaluation. Blackrock, which has a near-perfect track record of getting exchange-traded funds (ETFs) approved by the […]

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Ark Invest Report Reveals 70% of Circulating Bitcoin Supply Remains Unmoved for a Year

July 6, 2023 0

In a newly published report by the American investment management firm Ark Invest, the leading cryptocurrency, bitcoin (BTC), has found support from “strong holders and improved institutional sentiment.” Ark detailed that during the month of June, the supply of bitcoin that has not been moved for at least a year reached an all-time high of […]

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BAYC-Centric Apecoin Hits All-Time Low, Suffers 92% Decline From Last Year’s Peak

July 6, 2023 0

In the midst of a considerable drop in the base price of non-fungible tokens (NFTs) from the Bored Ape Yacht Club, the related cryptocurrency, apecoin (APE), has likewise suffered due to the bearish trends in that specific market. While many crypto assets have seen an increase in worth over the past month, APE has endured […]

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Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site

July 6, 2023 0

Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location. Mawson Secures Pennsylvania Site, Deploys 2,600 Bitcoin Miners for Self-Mining Operations Bitcoin mining companies are

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Biggest Movers: BCH Back Above $300.00, as SOL Hits 1-Month High

July 6, 2023 0

After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today’s session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto’s global market cap remain largely unchanged. Solana was a notable exception however, racing to a one-month peak. Bitcoin Cash (BCH) Bitcoin cash […]

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Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’

July 6, 2023 0

Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent approvals, Twitter can now function as a payment provider within […]

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Bitcoin, Ethereum Technical Analysis: BTC Briefly Climbs to 1-Year High, Before Losing Momentum

July 6, 2023 0

Bitcoin rose to a fresh one-year high on Thursday, as markets reacted to the release of June’s FOMC minutes. The report on last month’s Federal Open Market Committee meeting showed that “almost all participants” are in favor of further hikes this year. Ethereum also rebounded following the minutes. Bitcoin Bitcoin (BTC) climbed higher on Thursday, […]

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Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law

July 6, 2023 0

Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning comes from the Supreme Court of the United States’ (SCOTUS) decision thwarting President Biden’s student loan forgiveness program