Bitcoin, Ether Nurse Losses as Dollar Strengthens Ahead of U.S. Inflation Report
[Oct 10 9:24 AM] A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.
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Argentina overtakes Brazil in crypto inflows — Chainalysis
[Oct 10 9:16 AM] Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
Avalanche Powers Littio’s New USD Savings Accounts in Latin America
[Oct 9 6:30 PM] Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and…
BRICS Unified Currency Deemed Premature by Russian Official
[Oct 8 2:30 AM] Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…
Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens
[Oct 8 1:30 AM] Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s…
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
[Oct 5 11:30 PM] Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from…
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
Elon Musk: America Is Headed for Bankruptcy
[Oct 4 12:30 AM] Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk…
Bank of Russia Claims Digital Ruble Issuance Won’t Cause Inflation
[Oct 2 4:30 AM] The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose…
Sound Money Defense League Executive: Gold Protects Against Inflation, Fiat Risks
[Sep 29 5:20 PM] In a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the…
QCP Capital: Risk Assets Rise on Global Stimulus Outlook
[Sep 28 9:10 PM] According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors…
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
[Sep 28 2:45 PM] In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures…
Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated
[Sep 27 3:30 PM] Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456…
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
[Sep 27 3:30 AM] Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on…
Ethereum bulls and bears fight to win this week’s $2.8B ETH options expiry
[Sep 26 1:45 AM] Ethereum price showed strength in September, but data suggests holding above $2,600 will be a challenge.
Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
[Sep 25 7:30 AM] The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor…
UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’
Bitcoin poised for potential rally as FTX payout looms and Fed shifts
[Sep 23 9:49 AM] The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status
[Sep 23 3:30 AM] Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden…
Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles
[Sep 22 6:29 PM] Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the…
Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030
[Sep 21 11:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to…
AI may lead to inflationary pressures: Bank of Canada
[Sep 21 10:08 AM] Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.
Ethereum open interest hits 20-month high — Is this bullish or bearish for ETH?
[Sep 20 6:48 PM] Ether’s futures open interest jumps to a 20-month high, but leverage demand remains balanced.
JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead
[Sep 19 11:30 PM] JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us…
Harvard students launch 'New Bretton Woods Project' to fix debt crisis
[Sep 19 8:23 PM] According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes
[Sep 19 6:22 AM] The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris.
Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts Rates
Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’
[Sep 18 11:30 PM] Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising…
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
[Sep 18 6:03 PM] On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to…