Tag: News

China Warns of Global Financial Instability From US Economic Policies – Economics Bitcoin News

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a spokesperson for China’s Ministry of Foreign Affairs, expressed concerns over the state of the global economy at a press conference Thursday. Commenting on the recent International Monetary Fund (IMF) Global Financial Stability report pointing out…

Economist Peter Schiff Warns ‘Death Blow’ Coming for US Dollar — USD to Lose Reserve Currency Status – Economics Bitcoin News

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Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going to be far more impactful than the 2008 crisis,” Schiff stressed. Peter Schiff on U.S. Dollar’s ‘Death Blow’ Economist and gold bug Peter Schiff explained that a death blow is coming for the U.S. dollar as a…

Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin — Expects BTC to Hit $100K – Markets and Prices Bitcoin News

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Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.” Why Robert Kiyosaki Loves Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC hit $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.…

Pepe Token Surges 77% in 24 Hours, Leading the Top 10 Meme Coins’ Market Gains – Market Updates Bitcoin News

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In the aftermath of a downturn in the wider crypto market, the top crypto assets bitcoin and ethereum have each risen modestly, between 1.2% to 1.6%, over the past 24 hours. However, the meme token pepe (PEPE) has surged 77% against the U.S. dollar, and its market capitalization has swelled to $141 million, just $24 million shy of its all-time high valuation. Other top meme coin assets, including dogecoin and shibu inu, have risen by 1.2% to 1.4% today, while baby doge coin has experienced a 10% increase in value…

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case – Bitcoin News

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Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using federal securities law to assert jurisdiction over the digital assets in this case.” Terraform Labs Co-Founder’s Legal Team Claims SEC Lacks Jurisdiction Over Digital Assets in Terra Case As per Bloomberg, Kwon’s lawyers have filed a motion to dismiss the lawsuit, citing that the SEC’s…

Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes – Bitcoin News

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Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% to 29.58%, against the U.S. dollar over the last 30 days. Interest in the Combination of Crypto and Artificial Intelligence Has Declined, Crypto-AI Token Economy Sheds $730M Various data points suggest that interest in and…

Bitcoin Stamps Surpass 18,000 Collectibles, Creativity Takes Center Stage – Bitcoin News

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With the latest non-fungible token (NFT) trend on the Bitcoin blockchain, known as Bitcoin Stamps, users have issued more than 18,000 digital collectibles on the network. While this figure falls short of the number of Ordinal inscriptions, stamp creators are exploring new ways to leverage this technology. Number of Bitcoin Stamps Rises Above 18,000 A mere 17 days ago, Bitcoin.com News reported on the trend of Bitcoin Stamps, as more than 8,000 stamps had been minted on the Bitcoin blockchain. Since then, the tally has grown to 18,443 stamps. The…

Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility – Bitcoin News

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The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08 per ounce. Citi analysts recently projected that silver prices could increase to $30 per ounce this year, citing “near-perfect conditions for the ongoing bull market” in silver markets. Analysts See Potential for Silver Market to Take Off Although silver…

DOGE, SHIB Drop to Multi-Week Lows, Following Crypto Red Wave – Market Updates Bitcoin News

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Dogecoin dropped to a multi-week low on Saturday, as a red wave continues to wash away recent crypto bulls. The meme coin dropped below a key price floor at $0.080 following today’s plunge. Shiba inu was also lower to start the weekend, falling by as much as 3%. Dogecoin (DOGE) Dogecoin (DOGE) moved to a three-week low to start the weekend, as bears pushed the meme coin below a key price level. Following a high of $0.08435 on Friday, DOGE/USD dropped to a bottom at $0.07752 in today’s session. Saturday’s…

ETH Falls Under the $1,900 Level to Start the Weekend – Market Updates Bitcoin News

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Ethereum started the weekend trading below $1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $27,000. Bitcoin Bitcoin (BTC) was in the red for a fourth consecutive session, as prices neared a breakout below $27,000. BTC/USD plunged to a low of $27,169.57 to start the weekend, a day after trading at a high of $28,291.60. Saturday’s drop in price…