Peter Schiff on the Fed Rate Cut and Inflation Economist Peter Schiff recently shared his insights on the U.S. economy, the Federal Reserve's policy, and the possibility of a rate cut in March. In a series of posts on social media platform X, Schiff expressed his thoughts on the matter. The Federal Reserve decided to […]
Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March Read More »
Stablecoin Market Capitalization Sees Significant Increase Recent data shows a notable rise in the combined market capitalization of leading stablecoins over the past month. The total market capitalization has increased from $131.71 billion to $136.56 billion, indicating a growth of approximately $4.85 billion. Tether (USDT) Approaching 100 Billion Tokens in Circulation Tether, the top stablecoin
The Growth of the Stablecoin Economy in January 2024 Read More »
Grayscale's Bitcoin Trust (GBTC) has seen a slowdown in its reduction of bitcoin holdings, while nine newly launched spot bitcoin exchange-traded funds (ETFs) have collectively acquired an impressive total of 160,661.38 bitcoin. GBTC Reduces Bitcoin Holdings While 9 ETFs Gain Ground Recent data shows that Grayscale's Bitcoin Trust (GBTC) has experienced a decrease in its
Grayscale Bitcoin Trust Reduces Holdings as New ETFs Acquire Over 160,000 BTC Read More »
Tether, the leading stablecoin issuer, has announced today that it possesses a robust balance sheet with ownership of over $2.8 billion in Bitcoin. This valuable information has been revealed following an audit conducted by BDO, a renowned auditing firm. The official auditor's report provides a comprehensive analysis of Tether's financial standing, including detailed information on
Tether’s Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings Read More »
Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has recently shed light on why he believes owning bitcoin is crucial. Kiyosaki argues that the cryptocurrency serves as a safeguard against the theft of wealth through the manipulation of traditional financial systems. In particular, he highlights the actions of the Federal Reserve,
Robert Kiyosaki Reveals Why Bitcoin is Essential for Wealth Protection Read More »
On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) also stated that the committee "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation" is steadily approaching the 2%
Fed Holds Rate Steady, Aiming for ‘Greater Confidence’ in Inflation Control Read More »
The U.S. Securities and Exchange Commission (SEC) has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision comes after the SEC acknowledged presenting misleading information in court, which undermines the agency's case and credibility. SEC Requests Dismissal of Lawsuit The lawsuit, originally filed against
Inaccuracies in Court Lead SEC to Drop Fraud Case Against Crypto Firm Debt Box Read More »
Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the intense competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). This decision,
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market Read More »
Bitcoin: A Digital Equivalent of Gold Douglas Boneparth, the president and founder of Bona Fide Wealth, recently expressed his perspective on bitcoin, likening it to a digital equivalent of gold or a store of value in the digital realm. He highlighted the contrasting approaches between traditional trade finance giants like Blackrock and Fidelity, and crypto-focused
Introduction Significant changes are occurring in the realm of illicit actors utilizing cryptocurrencies. According to a report published by TRM Labs in 2023, Bitcoin is no longer the preferred asset for criminals. This shift in cryptocurrency usage has profound implications for the cryptocurrency ecosystem and requires a reevaluation of policy approaches. The Changing Landscape The
The Shift of Illicit Actors Away from Bitcoin: Implications and Policy Considerations Read More »