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Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
8.2.2024
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central bank’s policies including the devaluation...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
6.2.2024
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s...
Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path
6.2.2024
Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence....
Victoria VR Aims to Be the First Crypto-Related App for Apple’s Vision Pro
5.2.2024
Victoria VR is slated to become the inaugural crypto-related application for the Apple Vision Pro. With a focus on active user engagement and a blockchain-based economy, the game will have to navigate the challenges posed by App Store policies as it relates to applications involving crypto....
Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC
5.2.2024
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,”...
Rich Dad Poor Dad Author Robert Kiyosaki Warns Stock and Bond Markets Are ‘About to Crash’
4.2.2024
Rich Dad Poor Dad author Robert Kiyosaki has renewed his warning that the stock and bond markets are about to crash. “The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don’t be fooled,” Kiyosaki stressed. Recently, he cautioned that...
Veteran Investor Jim Rogers on Crypto: Bitcoin Unlikely to Become Money, Governments Favor CBDCs
3.2.2024
In a new interview, Jim Rogers, who helms Rogers Holdings Inc. and was a co-creator of the Quantum Fund alongside George Soros in the 1970s, shared his observation of “various signs that something is going to go wrong soon” within the U.S. economy, predicting an impending recession....
AI Crypto Market Cap Leaps $1.07 Billion in 12 Days Led by Bittensor’s Rise
3.2.2024
In the span of just 12 days, the market cap of the artificial intelligence (AI) cryptocurrency sector has risen from $6.08 billion to its present valuation of $7.15 billion. This growth is primarily attributed to the impressive performance of bittensor (TAO), which saw a notable increase of 31.6%...
Countdown to Bitcoin’s Fourth Halving: A Shift in the Crypto Economy Looms
3.2.2024
At the time of writing, we are now less than 80 days away from Bitcoin’s fourth halving event, where the block reward will decrease from 6.25 bitcoins per block to 3.125 bitcoins per block post-halving. As is customary, market expectations have swelled, fueling speculation about whether...
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
31.1.2024
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2%...
Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy
31.1.2024
Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of American manufacturing poses a significant threat...
US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst
30.1.2024
The United States’ sanctions against Russia are undermining confidence in the U.S. dollar and may force other countries to ditch the currency, a Russian financial analyst has said. The analyst said contrary to the West expectations, the sanctions against Russia have failed to destroy...
Spectacular Swings — The Week’s Victorious Crypto Climbers and Fallen Token Challengers
29.1.2024
Bitcoin has seen a 2.9% rise against the U.S. dollar in the past week, while ethereum has experienced a 5.8% decline during the same period. Several cryptocurrencies have made notable gains over the past seven days. Leading the pack is manta network (MANTA), which surged by an impressive 47.2%...
Russian Economist: ‘US Sanctions Will Undermine Dollar and Boost Digital Ruble’
29.1.2024
A leading Russian economist has claimed that American sanctions will ultimately undermine the role of the US dollar in the global economy – and help the cross-border adoption of the digital ruble. Per News.ru, the comments came from Alexander Razuvaev, a member of the supervisory board of the Guild...
New Bitcoin Tool Enables Paywalls and Subscriptions With BTC: Here’s How It Works
26.1.2024
Crypto developers just dropped a new tool that lets creators monetize their content with Bitcoin (BTC) – and it’s a lot more flexible than fiat-based competitors. Built by programmers Pierre Corbin and Hugo Ferrer, Bitcoin payment gateway “Flash” brings subscriptions, paywalls, and payment...
Amid Rising ‘National Divorce’ Talks, Exploring the Potential Impact on US Dollar in Hypothetical Second Civil War
26.1.2024
In the wake of Texas Governor Greg Abbott’s latest declaration, emphasizing Texas’ inherent constitutional right to defend itself and pointing to the Biden administration’s lack of enforcement of federal immigration statutes, the rhetoric around a potential “national...
Michael Howell Predicts Continued Surge in Global Liquidity Benefiting Stocks, Gold, and Crypto
23.1.2024
Crossborder Capital’s Michael Howell, a veteran in global finance, offered a liquidity-based view on the current state of the economy. He challenged the prevailing narrative of monetary tightening with evidence of a rise in liquidity, which in turn should uplift stocks, gold, and cryptocurrencies....
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
21.1.2024
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while...
Spartan Group’s Report Reveals Bitcoin’s Untapped Potential via Emerging Layers
20.1.2024
A new report details how Ordinals and other layer-two innovations can reshape Bitcoin’s role in the digital economy, moving it beyond just a store of value. New Report Outlines How Bitcoin Can Evolve to a Multi-Layered Ecosystem The “Bitcoin Layers” report, produced by...