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Bitcoin Price Prediction: Struggles at $43,400 Amid Fed’s Market Impact
15.12.2023
In the ever-shifting landscape of cryptocurrency, Bitcoin encounters resistance at the crucial $43,400 mark, forming a challenging double top pattern. This movement comes amid a backdrop of the Federal Reserve’s nuanced monetary balancing act, which has sent ripples across financial markets...
Brazil Expansion Is “Central Focus” for Coinbase
14.12.2023
Source: Rochu_2008/Adobe The crypto exchange giant Coinbase says that Brazil has “become a central focus” in its “global growth strategy.” The Brazilian media outlet Livecoins said Coinbase recognized “Brazil’s growing importance in the cryptocurrency market.” And it said the exchange...
US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates
12.12.2023
In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to...
Bitcoin Price Prediction: Market Reacts to FOMC Meeting, El Salvador Bond & Google’s New Ad Policy
12.12.2023
In the dynamic world of cryptocurrency, Bitcoin (BTC) is experiencing subtle yet noticeable fluctuations, trading at $41,457 with over 0.50% rise as of Tuesday. Market sentiments are heavily influenced by key economic events and policy changes. As the Federal Open Market Committee (FOMC) meeting...
Bitcoin Bull Robert Kiyosaki Warns Followers To Withdraw Cash From Banks Before “Biggest Crash In History”
11.12.2023
Source: a video screenshot, Youtube/The Rich Dad Channel Robert Kiyosaki – author of the famous finance book Rich Dad Poor Dad – warned his followers on Sunday to take some cash out of the bank before what could be an unprecedented economic collapse. “This may be the start of the biggest crash...
Crypto Leaders in Argentina Want Radical President to Dismiss FATF Travel Rules
11.12.2023
Source: AdobeStock As Javier Milei assumes leadership in Argentina, the cryptocurrency community is already voicing expectations for swift changes in the country’s economic trajectory. In a publication on December 10 by Cryptonoticias, the Bitcoin community outlined three specific requests...
Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
11.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial...
Financial Giant ING Expects Fed to Cut Rates From Second Quarter Onwards
5.12.2023
Financial giant ING has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. “We are currently forecasting 150bp of rate cuts in 2024 with a further 100bp in early 2025,” ING’s chief international economist detailed, noting that U.S. economic data...
Asian Currencies Dip, Dollar Holds Steady Ahead of Busy Economic Data Period
4.12.2023
Several variables came together on Thursday to create uncertainty in the foreign exchange market, which led to the recent decline in Asian currencies. Significantly, the U.S. dollar’s rebound, propelled by better-than-expected retail sales figures, was a significant factor in the depreciation...
Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’
4.12.2023
Source: Larisa/Adobe The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the collapse of...
Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments
4.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign exchanges, and the Fintech...
Arthur Hayes: CZ and Binance Were Punished for Challenging the Pax Americana Establishment
1.12.2023
Arthur Hayes, the former CEO of Bitmex, has explained what he thinks led to the billionaire settlement between Binance, its former CEO Changpeng ‘CZ’ Zhao, and the U.S. Department of Justice (DOJ). He detailed that the growth of Binance, a structure that was outside the control of...
Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’
30.11.2023
On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller. Observers of the market infer that Waller’s...
India’s Forex Reserves hit $595B, exceeding 11-week peak!
30.11.2023
Foreign exchange India has broken the record once again with its significant achievement of exceeding an 11-week peak, settling forex reserves at $595 billion. In this article, we will discuss the economy’s record-breaking achievement and its economic implications, the future Outlook of...
Bitcoin Price Prediction as It Breaks $38,000 Again – Will $40,000 Be the Next Milestone?
30.11.2023
Bitcoin (BTC), the leading cryptocurrency, has once again surged past the $38,100 threshold, reflecting renewed market confidence amid global economic shifts. This rally may be partially attributed to the Federal Reserve’s Waller’s optimistic statements, which have injected a fresh wave...
Eurasian Economic Union Minister: CBDCs Will Pave the Way for the Launch of a Digital Reserve Currency
27.11.2023
Sergei Glazyev, minister of integration and macroeconomics of the Eurasian Economic Union (EEU), has noted the advancements the adoption of central bank digital currencies (CBDCs) could ostensibly bring to the trading dynamics of the region. According to Glazyev, the launch of several digital...
Latam Insights: Milei Wins Runoff Election, Vows to Eliminate Central Bank in Argentina; Drex to Encourage Tokenization
27.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Libertarian Javier Milei wins the runoff election in Argentina, reinforcing his intention of eliminating the central bank. Also, the digital real...
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
23.11.2023
Source: Pixabay / RGY23 The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services. In the recently released Autumn Statement, UK Chancellor of the Exchequer Jeremy Hunt...
Crypto.com joins World Economic Forum; While BTCS hints at mega bonus during ICO end
20.11.2023
In crypto world news, Crypto.com joined the World Economic Forum, and Bitcoin Spark (BTCS) has hinted at a mega bonus during its ICO end. Let’s explore. Crypto.com Crypto.com, one of the largest crypto exchanges, announced on November 10th that it joined the World Economic Forum (WEF) as a partner....
Latam Insights: Argentina’s Massa Proposes Blockchain Oversight, Drex Will ‘Kill’ Lesser Cryptos in Brazil
20.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine presidential candidate Sergio Massa has proposed to use blockchain for state oversight, the Brazilian securities regulator president stated (CBDC)...