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Fed Chair Powell Says Rate Cuts ‘Not in Our Base Case’ — Inflation Still ‘Too High’

March 24, 2023 0

Federal Reserve Chairman Jerome Powell does not see the Fed cutting interest rates this year. “Inflation remains too high, and the labor market continues to be very tight,” Powell said, adding: “Financial conditions seem to have tightened, and probably by more than the traditional indexes say.”

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Economist Peter Schiff Warns Inflation About to Get ‘a Whole Lot Worse’ — Americans’ Cost of Living to ‘Go Way up’

March 24, 2023 0

Economist Peter Schiff has warned that inflation is poised to worsen significantly and Americans’ cost of living “is going to go way up.” Citing that the Federal Reserve is financing a “massive bailout” for banks, he stressed: “This is going to cost Americans a lot of money.” Peter Schiff’s U.S. Inflation Warning Economist and gold […]

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Wharton Professor Expects Bitcoin to Fall When People Feel Safe in the Banks Again

March 23, 2023 0

A finance professor emeritus at the Wharton School of the University of Pennsylvania, Jeremy Siegel, expects the price of bitcoin to fall when people feel they are “safe in the banks again.” Following the collapse of several major banks, he noted that “Bitcoin is enjoying its biggest rally in a long time.” Professor Siegel Wants […]

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Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access

March 23, 2023 0

Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent enforcement as “Operation Chokepoint,” a mission aimed at eliminating access to the

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SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

March 23, 2023 0

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, […]

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EUR/USD Hits 6-Week High, as Greenback Weakens Following Fed Hike

March 23, 2023 0

EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve’s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the world’s most traded currency pair rose for a sixth straight session, as markets continued […]

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Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

March 23, 2023 0

On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: […]

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Ukrainian Startup Promin Aerospace to Send Historical NFTs Into Space

March 23, 2023 0

Promin Aerospace is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com News Podcast to talk about the historical […]

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Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

March 23, 2023 0

According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. Terra Co-Founder Reportedly Arrested in Montenegro at

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Biggest Movers: DOGE Rebounds, LTC Climbs 13% Higher

March 23, 2023 0

Litecoin was one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. This came despite the global crypto market cap shifting lower, down 1.65% as of writing. Dogecoin was also higher, as the meme coin rebounded from Wednesday’s losses. Litecoin (LTC) Litecoin (LTC) has been one of Thursday’s biggest […]