Month: April 2023

Former US President Donald Trump States China Is ‘Trying to Replace the Dollar as Number One Currency’ – Economics Bitcoin News

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Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump Alerts About China’s Push Against the U.S. Dollar Donald Trump, former president of the U.S. has recognized the recent moves that China and other countries including Russia and Saudi Arabia are taking to undermine the…

David Bowie unreleased record debuts as music NFT

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A previously unreleased version of David Bowie’s “Let’s Dance” has surfaced as part of a limited edition collection of nonfungible tokens (NFTs). Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer Larry Dvoskin and publisher Warner Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as part of a limited edition collection of NFTs. The announcement was made on Thursday, March 6. David Bowie created an impressive discography that included 27 studio albums, 11 live albums, four soundtracks…

Scrammuci believes bitcoin bear market is gone

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As a result of bitcoin’s strong start to the year 2023, the founder of SkyBridge Capital, Anthony Scaramucci, believes that we’re over the bear market. He also has expressed confidence in the crypto investments of his business. During an interview on April 6, 2018, with Yahoo Finance, Scaramucci observed bitcoin’s (BTC) performance stating that over longer periods, bitcoin has consistently outperformed every other asset class:  “Each time that you’ve held Bitcoin in a four-year rolling period, which means that you can select any day and keep it for the next four years,…

Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

“In addition, prior to March 2021, there were deficiencies at Robinhood in its review and approval process for options and margin accounts, weaknesses in the firm’s monitoring and reporting tools, and insufficient customer service and escalation protocols that in some cases left Robinhood users unable to process trades even as the value of certain stocks was dropping,” the DFPI said. Source

$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data

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Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over most of the week, but now faced nonfarm payroll (NFP) numbers as a final potential catalyst for risk assets. “Expectations are that we’ll be seeing 3.6%, similar to last month. Based on the financial numbers…

Ripple wins big in US-Mexico transfers based on Bitso’s report

According to the 2022 report, Bitso highlighted that they processed about $3.3 billion between US and Mexico, using XRP and others. XRP moves $3.3b in US-Mexico settlements Cryptocurrency has gained momentum recently, acquiring different utilities across different jurisdictions. The most recent info is about the Ripple network. Bitso, a popular crypto exchange in Mexico, recently announced powering transactions of about $3.3 billion worth of crypto between the U.S. and Mexico. Based on Bitso’s report, the Ripple network is one of its primary settlement partners for cross-border transactions.  The U.S. corridor…

Int’l securities body IOSCO prepares crypto regulation report for 2023

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The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets in Q2 2023. The final recommendations from the organization are planned to be published by the end of 2023.  The dates are scheduled in IOSCO’s work program for 2023–24. Two major workflows are dedicated to decentralized assets in IOSCO’s Fintech Task Force plan. The first covers crypto and digital assets, and the second covers decentralized finance (DeFi). The DeFi consultation will start in Q3 of 2023. According to the work program text,…

Peter Schiff Says ChatGPT Is ‘Pretty Intelligent’ to Choose Gold Over Bitcoin

While many consider Bitcoin as a hedge against inflation, Peter Schiff believes that investing in cryptos is a losing game. As he has explained, rather than being backed by a real asset, Bitcoin is supported only by people buying it, which undermines its value. Peter David Schiff, CEO of Euro Pacific Capital Inc and financial expert known for his skepticism about Bitcoin (BTC), has commented on a “recession-proof” portfolio offered by AI chatbot ChatGPT. In his Tweet, Peter Schiff praised the chatbot for picking bonds, defensive stocks, precious metals, and cash…

Luxury Brand Ralph Lauren Now Accepting Crypto Payments at Its New Miami Store – Featured Bitcoin News

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The U.S. luxury brand Ralph Lauren has said customers can now pay via crypto at its Miami Design District location. The store has also been designated the luxury brand’s focal point for Web3 promotions. Bitcoin, ethereum, and polygon are among the cryptocurrencies that are accepted at Ralph Lauren’s new store in Miami. Miami Store Ralph Lauren’s Web3 Promotions Focal Point United States luxury brand Ralph Lauren said on April 5 that it will accept crypto payments at its new store in Miami. According to a statement released by Bitpay, Ralph…