Tag: News

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist – Economics Bitcoin News

boss

Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific Investment Management Company (PIMCO) has predicted a significant downtrend for the U.S. dollar this year. PIMCO had $1.74 trillion in assets under management as of Dec. 31, 2022. Gene Frieda, an executive vice president and…

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan – Economics Bitcoin News

boss

Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan on Possible US Debt Default The CEO of Bank of America, Brian Moynihan, talked about the prospect of the U.S. defaulting on its debt in an interview with CNN Monday as Congress is in conflict…

Investment Manager Predicts Gold Could Hit $3,000 This Year – Markets and Prices Bitcoin News

boss

Investment management and advisory firm Goehring & Rozencwajg expects gold to hit record highs this year. “I wouldn’t be surprised to see a $3,000 price this year,” said an executive of the firm. “It’s time for people to want to be bullish on gold.” Gold Heading for ‘Record Highs’ This Year Investment firm Goehring & Rozencwajg’s managing partner, Leigh Goehring, shared his outlook for gold in an interview with Kitco News last week. Goehring has 32 years of investing experience specializing in natural resource investments. He co-manages the Goehring &…

File Transfer Giant Wetransfer Joins NFT Industry, Partners with Blockchain Platform Minima for March Launch of Minting Product – Blockchain Bitcoin News

boss

File transfer service giant Wetransfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. Wetransfer’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or computer. Wetransfer and Minima Partnership Aims to Bring NFT Minting to Mobile and Desktop Devices On Feb. 6, 2023, file sharing company Wetransfer, founded in 2009, revealed its entry into the NFT industry. Wetransfer announced a partnership with blockchain project Minima, a distributed communications network set…

Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain – Bitcoin News

boss

According to a post on the Reddit community r/bitcoin, an old file was discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is in the output script from a transaction that took place on Jan. 5, 2017, and was mined at block height 446,713. Speculation Surrounds Purpose of 7zip File Called ‘Julianassange.Txt’ Found in Bitcoin Blockchain Amid the thousands of inscriptions added to the Bitcoin blockchain via Ordinals, a 7zip file possibly linked to Wikileaks founder Julian Assange was recently discovered.…

Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal – Bitcoin News

boss

On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and former FTX head of product and investor relations Ramnik Arora. Law Firm Kirkland & Ellis Requests Documentation for Proposed FTX-Voyager Deal Kirkland & Ellis,…

LBank Exchange Will List Fief (FIEF) on February 8, 2023 – Press release Bitcoin News

boss

press release PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 7, 2023 – LBank Exchange, a global digital asset trading platform, will list Fief (FIEF) on February 8, 2023. For all users of LBank Exchange, the FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on February 8, 2023. Fief Protocol is the decentralized application layer above the Fiefverse, an open-world voxel RPG. Its native token FIEF will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, to further expand its global reach and help it…

Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns – Bitcoin News

boss

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between both parties. A representative for the U.S. Department of Justice’s Trustee contended, however, that the appointment of an independent examiner was mandated by Congress and no longer within Dorsey’s authority. FTX Bankruptcy Hearing Highlights Cost…

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Volume – Blockchain News, Opinion, TV and Jobs

DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem. In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps. MegaSwap offers an alternative and safer solution to the traditional centralized exchange model…

GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak – Market Updates Bitcoin News

boss

The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. Litecoin was also higher today, breaking a three-day losing streak. The Graph (GRT) Tuesday saw the graph (GRT) extend its recent bull run, climbing by over 35% in today’s session. GRT/USD rose to an intraday peak of $0.1848 earlier today, a day after prices hit a…