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Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...
Prosecutors Seek to Exclude AI Startup Anthropic’s Valuation From Bankman-Fried Trial
9.10.2023
Amidst widespread media coverage highlighting Anthropic, the startup behind the generative artificial intelligence (AI) chatbot Claude and its pending multi-billion-dollar infusion, federal prosecutors overseeing the Sam Bankman-Fried case are pushing to sideline this subject during the trial....
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
6.10.2023
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery
DOJ Eyes Seizure of Ex-FTX Chief’s Two Luxury Jets in Ongoing Criminal Probe
5.10.2023
In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the DOJ has its sights set on a Bombardier Global 5000...
Bitcoin still beating US dollar versus 'eggflation' — Fed data
5.10.2023
Bitcoin is an unlikely choice for egg purchasing, but the amount needed per dozen speaks for itself
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
3.10.2023
An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
2.10.2023
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal
BTC price hits 'Uptober' up 5% — 5 things to know in Bitcoin this week
2.10.2023
BTC price starts the celebrated month of "Uptober" with a trip past $28,000, but the question on everyone's lips is whether Bitcoin can hold its ground
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
2.10.2023
The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....
Robert Kiyosaki Expects Bitcoin to ‘Become Priceless’ When the Fed Launches Central Bank Digital Currency
1.10.2023
Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin will “become priceless” when the Federal Reserve launches a central bank digital currency (CBDC). He warned that privacy will be destroyed, emphasizing that “Big Brother will be watching.” The famous author...
August PCE Inflation Data: Federal Reserve's Key Measure Dips, Easing Market Concerns
29.9.2023
According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August.
The PCE report was released amid growing concerns about...
Bitcoin to $27K next? One-week BTC price highs precede Fed's Powell
28.9.2023
Bitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next
Is Bitcoin price going to crash again?
28.9.2023
Bitcoin is still down 60% from its November 2021 all-time high so many traders are wondering if BTC price could crash further in the coming months
JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation
28.9.2023
JPMorgan Chase CEO Jamie Dimon has expressed concerns about the Federal Reserve potentially raising interest rates to 7% and that the U.S. economy could experience stagflation. “I am not sure if the world is prepared for 7%,” he stressed, adding that there is “a range of outcomes.”...
Judge Limits Bankman-Fried’s Trial Arguments; Allows Recreational Drug Use Questions
27.9.2023
A federal judge has issued rulings limiting some arguments the defense can make at Sam Bankman-Fried’s criminal fraud trial next month. However, the judge will allow Bankman-Fried’s lawyers to question witnesses about past recreational drug use. Bankman-Fried Can’t Mention Jail...
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
26.9.2023
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings
Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC hodling
26.9.2023
Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows
Marathon CEO Fred Thiel Warns About Fed Losing Its Weapons to Fight Inflation During Upcoming Period of Fiscal Dominance
26.9.2023
Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcoming period of fiscal dominance, in which...
US gov't shutdown looms — 5 things to know in Bitcoin this week
25.9.2023
Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly "death cross?"