Ethereum Price Looks Ready For Another Leg Higher Over $1,880
Ethereum price corrected gains and traded below $1,850 against the US Dollar. ETH remained stable above $1,800 and is currently attempting a fresh increase. Ethereum started a downside correction below the $1,880 support zone. The price is trading…
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon…
Is Bitcoin Price Headed For A Correction Or A Breakout From $28,000?
The volatility of Bitcoin price has always been a hot topic in crypto, as BTC fluctuates rapidly because of various factors such as regulatory changes and market sentiments. As Bitcoin continues to gain mainstream adoption, the anticipation for its…
Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the…
Bitcoin Price Regains Traction But Key Resistance Is Still Intact
Bitcoin price started a fresh increase above the $28,000 resistance. BTC must clear $28,500 and $28,800 resistance levels to continue higher. Bitcoin climbed higher and was able to test the $28,550 resistance zone. The price is trading above…
US Economy at Risk of Crash Landing, Allianz Warns
Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect the economic momentum to deteriorate during the second half of the year on the back of rapidly tightening credit conditions…
Russia Now World’s Second Biggest Crypto Mining Nation – Report
Russia is now the world’s second-biggest crypto miner, according to a Friday report by Russian news outlet Kommersant. According to this report, data from Russia’s biggest mining company, BitRiver, shows that the Russian Federation attained a…
First Mover Asia: Is a ‘Sharp Move’ Around the Corner for Bitcoin and Ether?
BTC Edges Up. ALSO: CoinDesk Chief Content Officer ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital asset innovation…
US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns
Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it…
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner…
Luck Strikes Again: Player Wins 6 BTC Jackpot on Book of the Fallen at Bitcoin.com Games
A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot…
Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues
On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far…
Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets
Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them…
Economist Jim Rickards Says US Dollar’s Greatest Enemy as Reserve Currency Is the Treasury
Jim Rickards, an economist and the author of “Currency Wars,” says the U.S. Treasury is actually the biggest threat to the U.S. dollar’s status as a reserve currency. However, he cautioned that an increasing number of countries…
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest…
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is…
Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization
How the emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption.This is an opinion editorial by Milan Stanojevic, an elementary school teacher and filmmaker.Since the end of the second…
Solana Sustains Steady Recovery After Over 100% Price Gain In Q1 2023
The price of Solana (SOL) has continued to enjoy a steady recovery after going down nearly 95% in 2022, partly due to its association with Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. Solana’s Price Surges 100% In…
Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review
The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this…
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector…
CATO Institute: CBDC the ‘Single Largest Assault to Financial Privacy Since Creation of Bank Secrecy Act’
A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S…
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