Tag: News

Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview – Bitcoin News

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Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and chain letters he received as a child. Buffett Shares His Two Cents on Bitcoin, Warns Against Making a Living ‘Trying to Bet Against the House’ It is well known that Warren Buffett does not like bitcoin, and he once said that he wouldn’t buy all the bitcoin (BTC) in…

Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters – Economics Bitcoin News

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The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central bank has said the ruble’s recent plunge to its lowest level versus the U.S. dollar in 2023 is due to lower forex sales by the country’s exporters. The comments by the central bank followed media…

RenQ Finance Raises Nearly $1 Million in 24 Hours as Stage 4 Completes – Press release Bitcoin News

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press release PRESS RELEASE. After RenQ Finance achieved remarkable success by completing stage 4, they generated immense excitement among investors after embarking on stage 5. In just the last 24 hours of stage 5, RenQ has secured over $1 million in funding, bringing the total raised for this stage to an impressive over $7,7 million out of the $9,3 million target. This achievement is a testament to the confidence and support of RenQ’s investors based on its poise to outshine all other DeFi platforms, propelling the company towards its funding…

SOL Hits 6-Week High, Following US Inflation Data – Market Updates Bitcoin News

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Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high. Solana (SOL) Solana (SOL) extended yesterday’s 15% gain on Wednesday, as the token rose for a fourth straight session. SOL/USD raced to an intraday high of $24.34 earlier in today’s session, which comes a day after the price was at a low of…

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year – Bitcoin News

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On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools for the 9th Straight Month Investors were pleased to hear the latest U.S. Consumer Price Index (CPI) report on Monday, which noted that inflation has cooled over the last nine months. “The Consumer Price Index…

BTC Consolidates Around $30,000, Ahead of US Inflation Report – Market Updates Bitcoin News

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Bitcoin consolidated around the $30,000 mark on Wednesday, as markets prepared for the release of the latest inflation report in the United States. Consumer prices in the U.S. are expected to fall to 5.2% in March, down from 6% the month prior. Ethereum also consolidated, dropping back below $1,900. Bitcoin Bitcoin (BTC) consolidated around the $30,000 mark on Wednesday, as markets anticipated the release of the upcoming inflation figures from the United States. Ahead of the report, BTC/USD fell to an intraday low of $29,865.20, which comes less than 24…

US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia – Economics Bitcoin News

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Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. US Treasury to Demand Implementation of Sanctions Against Russia in Europe The U.S. government is seeking to forcefully disable the trade relations that Russia still has with companies and countries in Europe. According to AP,…

MetaPlayerOne’s New Co-Investment and Acceleration Program for GameFi Projects – Press release Bitcoin News

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press release PRESS RELEASE. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing them with various benefits. For example, addressing an airdrop specifically to all legendary asset holders across all GameFi projects. GameFi projects that meet MetaPlayerOne’s requirements can expect a global marketing support package from MetaPlayerOne, which will help promote their projects on a large scale.…

‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022 – Africa Bitcoin News

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Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle to keep the naira to the dollar exchange rate from depreciating further” until both crude oil and non-oil exports are boosted, an accounting firm has asserted. Nigeria’s High Cost of Doing Business In its latest report on the flow of foreign capital into Nigeria,…

Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure – Economics Bitcoin News

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Ali Shamkhani, secretary of the National Security Council of Iran, has stated that the recent bilateral cooperation efforts between his country and Russia are contributing to rendering U.S.-established sanctions useless at a global level. The official noted that many other countries are also in this course of action — abandoning the hegemony of the U.S. dollar. Iran Top Security Official States Ongoing De-Dollarization Efforts Will Render Sanctions Useless Ali Shamkhani, secretary of the National Security Council of Iran, issued his opinion when it comes to the effect that bilateral deals…