Introduction Christine Lagarde, the president of the European Central Bank (ECB), revealed that her son defied her advice and invested in cryptocurrency. Despite her warnings, he ended up losing approximately 60% of his investment. Lagarde shared this information during a town hall event with students in Frankfurt, where she expressed her concerns about the risks […]
Gold has been making headlines recently, with its price reaching new heights. On Tuesday, it hit $2,030 in intra-day trading, closing the day at $2,020. While it hasn't been able to sustain this level due to a strong dollar, there is still positive momentum in the price. One reason for this is the confidence that
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Yanis Varoufakis Dismisses Javier Milei's Libertarian Image Greece's former finance minister, Yanis Varoufakis, has cautioned against viewing Argentina's president-elect, Javier Milei, as an anarcho-capitalist. Varoufakis, who is now an economics professor, compared Milei to Argentina's former military ruler, Jorge Rafael Videla, albeit dressed in libertarian clothing. Varoufakis expressed his concerns following reports that Milei intends
The cryptocurrency market is currently valued at $1.42 trillion, with bitcoin (BTC) holding 49.9% of the overall market cap. However, this past week, both bitcoin and ethereum had stagnant performance in terms of their percentage changes. On the other hand, several other digital currencies stood out by outperforming the top two. Notably, BONK and TAO
A Decline in Value Throughout 2023, various sectors in the cryptocurrency market have witnessed significant gains. However, privacy-centric crypto tokens have lagged behind their counterparts in terms of performance. Over the past ten months, the market value of the privacy cryptocurrency sector has declined by $440 million, indicating a notable downturn. Current Market Value As
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Star Atlas, a pioneer in the fusion of gaming and blockchain, has achieved a significant milestone with the listing of its ATLAS token on LBank. This marks a new chapter in its journey and has sparked a surge in market interest, resulting in a 60% increase in ATLAS's value. Investors and gamers alike are drawn
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Bitcoin (BTC) experienced a notable shift in value between November 16 and 17, 2023, with a price swing from $35,579 to $37,904 within a 24-hour period. Currently, the market activity has stabilized, and bitcoin is trading at $36,387 per unit. The Current State of Bitcoin As of November 17, 2023, bitcoin is hovering at $36,387
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Tether's Mining Ambition: A $500 Million Venture into Crypto's Core Tether Holdings Ltd., the leading issuer of stablecoins in terms of market value and trade volume, has announced its ambitious plans to enter the mining industry. CEO Paolo Ardoino revealed that the company intends to invest approximately $500 million into its mining business over the
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The U.S. Securities and Exchange Commission (SEC) has reported a highly productive year for its enforcement actions in the crypto industry. In its latest announcement, the SEC described fiscal year 2023 as impactful and fruitful for its efforts in regulating crypto asset securities. SEC Chairman Gary Gensler emphasized the benefits of the Division of Enforcement's
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The Potential Impact of Spot Bitcoin ETFs Cryptocurrency exchange Coinbase has expressed its belief that spot bitcoin exchange-traded funds (ETFs) could have a significant positive impact on the total crypto market cap. According to Coinbase, the chances of the U.S. Securities and Exchange Commission (SEC) approving one or more spot bitcoin ETFs before the end