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Bankman-Fried’s House Arrest Writings Reveal Inner Turmoil, Blame Game in FTX Collapse
16.9.2023
According to more than 250 documents sent to the media, the disgraced co-founder of FTX, Sam Bankman-Fried, said he feels like “one of the most hated people in the world.” The former CEO of the now-defunct crypto exchange further noted in his statements that “there will probably never be anything...
Cardano displays resilience with upward movement, potential for further gains
15.9.2023
With a dynamic development in the last 24 hours, Cardano (ADA) tokens have embarked on an upward trajectory, showing their resilience by rising from an initial level of $0.2599 to an impressive $0.2681. Although there have been subsequent modest pullbacks, the upward movement is all set to bring...
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
12.9.2023
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully...
Bitget announces further $100M fund for ecosystem development
12.9.2023
The announcement follows the launch of a $100 million fund back in April focused on investing in crypto projects in Asia
Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding
11.9.2023
The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse...
Bitcoin Plumbing Six-Month Lows and Higher Oil Prices Suggest Further Pressure
5.9.2023
Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023
Bitcoin, Ethereum Technical Analysis: BTC Slips Below Key Support Point as US Markets Reopen Following Labor Day
5.9.2023
Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin...
Economist Peter Schiff Warns of ‘Full-Blown Financial Crisis’ Hitting US Economy Before Fed Reaches Inflation Target
27.8.2023
Economist Peter Schiff has warned about an impending “full-blown financial crisis” that he expects to hit the U.S. economy before the Federal Reserve reaches its inflation target. He further predicted that the financial crisis will force the Fed to raise its inflation target. Peter Schiff’s Latest...
Powell: More Rate Hikes May Be Needed to Curb Inflation
25.8.2023
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...
Fed Chair Powell Leaves Door to Further Rate Hikes Open – Here is How Crypto Markets Reacted
25.8.2023
Speaking at an annual conference of central bankers at Jackson Hole, the Chairman of the US Federal Reserve Jerome Powell left the door open to the possibility of further interest rate hikes in the US, triggering some short-lived sell pressure in the crypto market.
Bitcoin (BTC) fell to new daily...
Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
25.8.2023
Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy
Crypto VC inflows drop further as macro factors weigh on investments
24.8.2023
Polychain Capital and CoinFund launch new funds, and spot Bitcoin ETFs approval rumors can’t brighten the outlook for crypto VC sector
Volatility in Chinese Yuan, Russian Ruble Makes De-Dollarization Harder, Market Analyst Says
21.8.2023
A market analyst says that the recent decline and volatility in the Chinese yuan, the Russian ruble, and to a lesser extent the Argentine peso, “will only add further challenges to the idea of de-dollarization.” He stressed that countries are “unable to agree on a clear path to de-dollarization...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Near 2-Month Lows as Bears Regain Momentum
17.8.2023
Bitcoin extended recent declines on Thursday, as the cryptocurrency moved towards a two-month low. Bearish sentiment increased following the latest Federal Open Market Committee (FOMC) minutes, where the Federal Reserve hinted at further rate hikes. Ethereum fell below $1,800 today. Bitcoin Bitcoin...
FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say
9.8.2023
Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas prevents adding further charges without prior permission...
The FRB divulges further information on its program
9.8.2023
The Federal Reserve Board divulged further information with regard to its program of looking into the goings-on in banks that are under its control. The matters are related to complicated technology-oriented associations with non-banks for rendering banking-based services to customers. Along with...
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
3.8.2023
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota...
First Mover Asia: Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red
3.8.2023
PLUS: A spot bitcoin ETF may be in the offing, and crypto prices are unpredictable, but MicroStrategy "still fills a need in the marketplace," the president of crypto asset fund ProChain Capital told CoinDesk TV
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
31.7.2023
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the banking industry. The strategist articulated...