Posts published on July 13, 2023 go to media archive 1/4

Central Bank of Argentina Accelerates Yuan Sales and Dollar Purchases as Reserves Dwindle

The Central Bank of Argentina has accelerated the sale of its Chinese yuan stash, using part of the swap line provided by the government of China while it tries to acquire dollars simultaneously. According to local sources, the country’s…

Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report

Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which…

Experts Warn of Impending Recession in the US as Survey Reveals 59% Chance by July 2024

A recently published survey by Bankrate reveals that there is a 3-in-5 likelihood of a recession occurring in the United States within the next year. Bankrate’s survey of economists firmly indicates that the chances of a recession taking…

Predicting the Unpredictable: AI Chatbot Claude Outlines Potential 2024 Prices for Top 40 Crypto Assets

Two weeks ago, Bitcoin.com News used six artificial intelligence chatbots to predict the price of bitcoin (BTC) by the end of 2023. After the release of Anthropic’s Claude 2 in July, we conducted another experiment, tasking Claude with…

First Mover Asia: Bitcoin Soars to One-Year High at $31.7K as Crypto Investors Savor Partial Ripple Victory

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.”…