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Bitcoin, Ethereum Technical Analysis: ETH Nears $1,900, BTC Climbs Above $27,000 Following US Debt Ceiling Announcement

June 2, 2023 0

On Friday, bullish sentiment returned to cryptocurrency markets, as the U.S. Senate approved the bill to increase the debt ceiling. Bitcoin rose back above $27,000 on the news, snapping a four-day losing streak. Ethereum neared the $1,900 level. Bitcoin Bitcoin (BTC) snapped a four-day losing

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USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

June 2, 2023 0

Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain last week. Circle Plans to Launch USDC on Arbitrum on June 8 On Thursday, […]

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Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed

June 2, 2023 0

Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the respective legislation once again. Russian Crypto Miners Produce Coins for up to 60 Billion Rubles in 2022 Miners operating in

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Binance CEO Changpeng Zhao on Layoffs Rumors: ‘Another Day, Another FUD’

June 2, 2023 0

Changpeng “CZ” Zhao has answered the rumors of mass layoffs at Binance, with reports stating that up to 20% of the current workforce of the exchange might be forced to abandon their positions due to poor market conditions. Zhao declared this was another attempt at spreading FUD on Binance, explaining that the company has a […]

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Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive

June 2, 2023 0

According to Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoin, wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB). Lubka stated that his firm has also observed “corporations engaging in treasury diversification” and emphasized that […]

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Indian and Russian Foreign Ministers Discuss Cooperation in BRICS, G20, SCO

June 2, 2023 0

Indian external affairs minister and Russian foreign minister have held a meeting to discuss cooperation within the BRICS, the Group of Twenty (G20), and the Shanghai Cooperation Organization (SCO). The two countries have been shifting to settlements in national currencies, reducing their dependence on the U.S. dollar. Foreign Ministers Discuss BRICS, G20, SCO Indian

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Elon Musk Warns Commercial Real Estate ‘Melting Down Fast’ — Predicts ‘Home Values Next’

June 2, 2023 0

Tesla and Spacex CEO Elon Musk says commercial real estate is “melting down fast,” warning that home values will be next. Some experts disagree with Musk regarding the residential real estate market, including Shark Tank star Barbara Corcoran. However, she agrees that the commercial real estate market is “going to be a bit of a […]

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Proof of Talk: The Web3 Summit Powerplay at the Louvre Palace

June 1, 2023 0

Mark your calendars for the 14th and 15th of June, 2023, as the Louvre Palace, Musée des Arts Décoratifs, Paris, prepares to host Proof of Talk, the pinnacle of Web3 leadership and networking events. With the rallying cry of ‘Bringing Back Trust into Web3’, this summit is poised to be a hotbed of innovation, collaboration, […]

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Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’

June 1, 2023 0

Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest Economic, Dollar Crisis Warnings Economist and gold bug Peter Schiff has […]

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Russian Businesses Ask Putin to Help Legalize Crypto

June 1, 2023 0

A body representing the interests of Russian businesses has called on president Putin to help with crypto legalization. Their proposals, including on the use of cryptocurrencies in foreign trade settlements, have been included in a report to Russia’s head of state. Companies Urge President Putin to Support Legalization of Crypto Payments Russian businesses are seeking […]