Author name: Peter

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Federal Reserve Holds Interest Rates as Market Reacts Positively

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Financial Benchmarks Display Bullish Trend After FOMC Announcement The most recent session of the Federal Open Market Committee (FOMC) concluded with the Federal Reserve maintaining current interest rates. The market, anticipating rate reductions in 2024 and influenced by Fed Chair Jerome Powell's dovish stance, responded positively. This positive sentiment was evident in the surge of […]

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Anthony Scaramucci Predicts Multi-Trillion-Dollar Future for Bitcoin, Urges Elizabeth Warren to Learn About Crypto

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Skybridge Capital Founder Sees Bitcoin as a Multi-Trillion-Dollar Asset During an interview with Bloomberg, Anthony Scaramucci, the founder of Skybridge Capital, discussed various topics, including the future of bitcoin and the potential impact of the U.S. Securities and Exchange Commission (SEC) on the cryptocurrency market. Despite the SEC's decision on the spot bitcoin exchange-traded fund

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Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets

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Saudi Aramco Explores Collaboration for Investing in Digital Assets Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. With a market capitalization of over $2 trillion, Saudi Aramco is considering venturing into

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Bitcoin Technical Analysis: Indicators Suggest Consolidation Phase

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Analyzing Bitcoin's Market Stance As of December 13, 2023, the price of bitcoin stands at $41,197, showcasing a dynamic interplay between various technical indicators. Over the past 24 hours, bitcoin's trading journey has oscillated between $40,712 and $41,957, highlighting a state of cautious optimism among traders. Oscillators and Their Significance Bitcoin's oscillators, including the relative

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IMF Official Warns of Cold War II: Implications for the Global Economy

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Introduction The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, recently issued a warning about the potential risks of a new Cold War. Drawing parallels between the previous Cold War between the United States and the Soviet Union and the current tensions between the United States and China, she emphasized the

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Google Sets New Requirements for Advertisers of Cryptocurrency Coin Trusts

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Introduction Starting on Jan. 29, 2024, advertisers of cryptocurrency coin trusts targeting the U.S. market will be required to meet certain requirements, according to Google. Advertisers must obtain a certificate issued by Google before promoting their offerings to the public. This article will discuss the new policy and its implications for advertisers in the cryptocurrency

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Fed Observer Jim Grant Foresees Long-Term High Rates as FOMC Meeting Approaches

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Economic Expert Jim Grant Anticipates Persistent High Interest Rates Post-FOMC Market participants, including both investors and traders, are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting scheduled for December 13, 2023. Speculation is rife about whether Fed Chair Jerome Powell will maintain the current elevated benchmark interest rate. Renowned economic expert Jim Grant,

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Johns Hopkins Economist Criticizes Paul Krugman’s Claim on Global Inflation

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Steven Hanke Dismisses Krugman's Assertion Johns Hopkins University applied economics professor Steven Hanke has strongly criticized fellow economist and Nobel laureate Paul Krugman's claim that inflation is a "global phenomenon." Hanke took to X (formerly Twitter) to express his disagreement with Krugman's latest op-ed article in the New York Times, calling it another example of

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