Bitcoin Network Hits 75% Progress Towards Next Reward Halving
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the…
FDIC pins Signature Bank's failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
Cardano Price Analysis: $0.46 Hinges On Breaching This Level
Over the past few weeks, the price of Cardano has experienced significant volatility. The altcoin initially rose from $0.37 but was later rejected at $0.45. However, over the last 24 hours, there has been a slight increase of 1.3%, while the weekly…
US Senator Rand Paul Warns of US Dollar Losing Reserve Currency Status — Says ‘It’s Not an Unfounded Prediction’
U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the…
FDIC alleges Cross River engaged in 'unsafe' lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.
Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. H
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Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency…
Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm
This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the…
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of…
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and…
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached…
Since 2020, XRP has struggled to remain relevant and valuable to its investors. The US Securities and Exchange Commission’s attack on the project brought a drastic decline that no one expected. However, amid the ongoing case, XRP showed…
Cosmos (ATOM) Price Displays An Intense Momentum – What’s Driving The Rally?
Cosmos (ATOM) demand has risen these past few days, resulting in a significant performance. According to CoinMarketCap data ATOM price has fallen to $11.69 after gaining momentum. The current market cap of ATOM is $3.3 billion, with a 24-hour…
Cardano (ADA) is in a downtrend as it sheds some of its recent price gains. Despite the price decline, it is experiencing a surge in transaction volume on the network. The network holds the enviable reputation of being a developer’s hub, with…
Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of…
Achieving The American Dream: Why Natalie Brunell Shares The Stories Of Bitcoin
Taught from a young age to work hard and think for herself, media pro Natalie Brunell is dedicated to sharing Bitcoin with the world. Oftentimes, when you hear about the “American dream,” you think of a heart-warming success story. The entrepreneur…
Litecoin Enters The Green Zone As Crypto Market Rebounds
Litecoin is trading in the green today, between the $89.78 and $90 price level, to consolidate on yesterday’s closing price of $89.73. LTC started the year trading at $70 on January 1, 2023. It moved to $80 by January 10 as the bulls seized…
USTC: Will Proposal To Re-Peg Stablecoin Push LUNC To $1?
In one of the most catastrophic events to ever hit the crypto industry, the prominent algorithmic stablecoin TerraClassicUSD (USTC) – formerly UST – became depegged from the US dollar around a year ago. As a result, the Terra ecosystem…
ICP Rallies By 17%, Emerges As Biggest Gainer In Top 50 Cryptocurrencies
Internet Computer (ICP) is currently on an impressive bullish run following the crypto market upturn, which saw many assets show signs of recovery. In the last week, ICP has taken center stage, recording the biggest gains among the major coins in…
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan…
Tencent Cloud to reportedly offer deepfake creation tool at $145
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours.
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…
OpenAI’s ChatGPT re-enters Italy after obliging transparency demands
The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures among other legal requirements.
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar…
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