Author name: Peter

Robert Kiyosaki Reveals Why Bitcoin is Essential for Wealth Protection

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, […]

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Fed Holds Rate Steady, Aiming for ‘Greater Confidence’ in Inflation Control

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%

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Inaccuracies in Court Lead SEC to Drop Fraud Case Against Crypto Firm Debt Box

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

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Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market

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,

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The Emergence of Bitcoin as a Digital Store of Value, According to Bona Fide Wealth President

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

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The Shift of Illicit Actors Away from Bitcoin: Implications and Policy Considerations

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

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Ethereum Price Analysis: Exploring Market Dynamics and Potential Trends

On January 29, 2024, the price of ethereum (ETH) showcases a complex interplay of market factors. Currently, ether is valued at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its significant market capitalization of $270 billion, the trading volume for ether remains relatively modest, suggesting caution among investors. Hourly Chart: Volatility Presents

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BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating a Market Shift

Introduction BlackRock's spot Bitcoin ETF has achieved higher trading volume than the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. This development suggests a potential slowdown in outflows for GBTC, which has experienced over $5 billion in outflows since its inception. In contrast, other spot Bitcoin ETFs, including BlackRock and Fidelity, have

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73% of European Crypto Users Optimistic About the Future, Says Binance Survey

A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of cryptocurrency. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to understand the investing habits of European crypto users. The results showed that 55% of the participants exclusively use cryptocurrencies for

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Stellar Development Foundation Delays Protocol 20 Upgrade Due to Bug

The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. This decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Commitment to Collaboration In a blog post dated January 27, the SDF expressed its

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