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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
22.4.2020
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%....
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...
Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR
16.4.2020
Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users...
Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
12.4.2020
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve...
Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis
3.4.2020
Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets...
Bitcoin Sinks Below $5K Despite Fed Reserve’s Slashing of Interest Rates
16.3.2020
The Fed's cutting of interest rates has done little to calm the markets
IOTA Founder Personally Refunding Hack Losses to ‘Safeguard’ Project’s Remaining Reserves
12.3.2020
Using his personal holdings will help protect the IOTA Foundation's 12-month runway, according to David Sonstebo
How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves
3.3.2020
Exchanges sometimes treat depositors' assets like fractional reserves, with disastrous results. Time for regular audits, writes Nic Carter
Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference
25.2.2020
When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s...
Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
26.1.2020
On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that...
Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
23.12.2019
PBOC wants to distinguish its own digital currency from rival private initiatives
What the Fed Reserve’s Balance Sheet Expansion Means for Bitcoin
28.11.2019
The U.S. Federal Reserve is again expanding its balance sheet – prominent experts believe that could bode well for bitcoin in the long run
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
1.10.2019
The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
China Adds Almost 100 Tons to Its Gold Reserves
9.9.2019
The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...
SEC Reserves Its Decision on Exchange-Traded Fund Applications
13.8.2019
In a decision that could further impact the value of Bitcoin and other cryptocurrencies, the security and exchange commission (SEC) has reserved the decision to grant permission to three exchange-traded funds (ETF) in the US. The regulatory body also reserved the decision regarding rule changes...
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
10.7.2019
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers
Bitcoin’s (BTC) Rise Could Damage The Control Of The United States Over World Currency Reserves
28.6.2019
The world prior to pre and post World War II has been quite contrasting, especially in terms of global leadership. For almost two centuries, the Europeans dominated world politics, but the end of the second Great War marked the rise of the United States of America, who continues its dominance...
Tether (USDT) Admits to Having Invested its Few Reserves into Bitcoin (BTC)
22.5.2019
What comes across as a fascinating update as per the latest reports doing the rounds, Tether has confessed to having invested a part of its reserves into the world’s #1 digital currency Bitcoin as well as other assets. These facts were revealed by the company’s lawyer during the ongoing court...