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gold U.S. Economy

U.S. Economic Uncertainty and Rising Debt Bolster Gold’s Position, Says Invesco’s Kristina Hooper

In a recent discussion with Kitco News, Kristina Hooper, the Chief Global Market Strategist at Invesco, shared her insights on the current economic landscape in the United States and its implications for the gold market. Hooper expressed skepticism about the Federal Reserve’s optimistic outlook for a smooth economic transition, suggesting that the U.S. is more […]
global economy

JPMorgan CEO Warns of Rising Energy Prices and Geopolitical Tensions in CNBC TV18 Interview

On 26 September 2023, Jamie Dimon, the Chairman and CEO of JPMorgan Chase (aka “JPMorgan”), engaged in a comprehensive interview with Shereen Bhan, the Managing Editor of CNBC TV18. JPMorgan Chase & Co., a leading financial services firm headquartered in the United States, boasts a global operational footprint. As of June 30, 2023, the company […]
cryptocurrency SEC

Gary Gensler Explains U.S. SEC’s Crypto Regulation Approach in September 27th Congressional Testimony

In his prepared testimony for a U.S. House Committee on Financial Services hearing on 27 September 2023, Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), provided a comprehensive outline of his views on the regulation of cryptocurrencies. Crypto Assets and U.S. Securities Laws Gensler was clear in stating that cryptocurrencies should not […]
Bitcoin ETF

BitGo CEO: Politics, Not Law, Blocking Spot Bitcoin ETF Approval in U.S.

Mike Belshe, the CEO of cryptocurrency exchange BitGo, recently shared his views on the absence of a spot-based Bitcoin ETF (Exchange-Traded Fund) in the United States. In an interview with Kitco News, Belshe attributed the lack of approval from the U.S. Securities and Exchange Commission (SEC) to political factors rather than legal issues. Belshe argued […]
XRP Ledger

Ripple CTO David Schwartz Breaks Down How the XRP Ledger Works

On 26 September 2023, David Schwartz, the Chief Technology Officer of Ripple, elucidated the inner workings of the XRP Ledger (XRPL), specifically discussing the roles of nodes and validators. The XRP Ledger (XRPL) is a decentralized cryptographic ledger that is powered by a network of peer-to-peer servers. It is the underlying technology that supports the […]
Ethereum

Ethereum Struggles to Meet Expectations After Shanghai Upgrade, Says J.P. Morgan Report

The Shanghai upgrade for Ethereum was anticipated to significantly attract institutional interest by enabling the withdrawal of staked Ether. However, a recent analysis by JJ.P. Morgan, as covered by Kitco, reveals that the blockchain network has failed to meet these expectations. Key performance indicators such as daily transactions, active user addresses, and the total value […]
gold Russia

Russia’s Central Bank Replenishes Gold Reserves to 2023 Highs Amid Economic Sanctions

According to a report by Ernest Hoffman for Kitco News published yesterday, data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) reveals that Russia’s Central Bank increased its gold reserves in August 2023. The reserves have apparently returned to their initial levels at the start of the year, at 2,333 tonnes. This information […]
NFTs

DappGambl Report: The NFT Bubble Bursts, From Sky-High Hopes to Crushing Lows

DappGambl reports that during the cryptocurrency bull market of 2021/22, Non-Fungible Tokens (NFTs) emerged as a significant phenomenon. NFTs, or Non-Fungible Tokens, are unique digital assets verified using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ether, which are interchangeable and identical, each NFT has distinct information or attributes that make it unique. NFTs gained immense […]
U.S. Economy

Former U.S. Treasury Secretary Larry Summers Issues Dire Warning: Inflation and Federal Reserve Failures Risk Recession

Former U.S. Treasury Secretary Larry Summers has openly expressed his apprehensions about the current inflationary environment in the United States. During his talk at the recent All-In Summit 2023, Summers cast doubt on the Federal Reserve’s assurance that it has the inflation situation well in hand. Lawrence Henry Summers, commonly known as Larry Summers, is […]
CBDCs Ripple

Ripple on the Steady Rise of CBDCs in Global Financial Systems

According to Ripple, the convergence of blockchain technology and the decline in global cash usage have accelerated the research and development of Central Bank Digital Currencies (CBDCs). In a blog post published on 19 September 2023, Ripple cites that nine out of ten central banks are currently investigating the potential of CBDCs. Furthermore, Juniper Research […]
U.S. Economy

Rising U.S. National Debt May Force ‘Another Move To Print Money,’ Says Billionaire Investor Ray Dalio

Billionaire investor Ray Dalio, the founder of Bridgewater Associates, recently expressed concerns that the United States is likely to resort to printing more money as the nation’s debt continues to escalate. During his appearance at All-In Summit 2023, Dalio emphasized that the U.S. could find it challenging to meet its financial commitments due to the […]
Bitcoin

Jordan Peterson Ignites Debate on Bitcoin as an Alternative to Traditional Banks

Renowned psychologist Jordan Peterson recently ignited a conversation about the potential for Bitcoin to replace traditional banking systems. The discussion emerged on September 14, following news from Australia that Macquarie Bank plans to discontinue cash, check, and phone payment services. Dr. Jordan Peterson is a Canadian clinical psychologist, professor, and cultural critic who has garnered […]
Altcoins

Ripple’s SEC Battle Saved Altcoins from ‘Security’ Label, Says Attorney Bill Morgan

Bill Morgan, an Australian-based attorney specializing in cryptocurrency law, recently commented on the Securities and Exchange Commission’s (SEC) ongoing involvement in the crypto sector. SEC’s Fight Against Ripple and XRP On 13 July 2023, U.S. District Judge Analisa Torres, presiding over the Southern District of New York, delivered a nuanced verdict in the legal battle […]
cryptocurrency

CoinShares CSO Warns of a Potential ‘Winter of Discontent’ in Crypto Markets After a Lackluster Summer

Meltem Demirors, the Chief Strategy Officer (CSO) at CoinShares, has recently voiced her concerns about the current state of the cryptocurrency markets. In a recent interview with Bloomberg, Demirors highlighted the increasing levels of uncertainty that are causing hesitation among various market players. Demirors described the past summer as a “summer of apathy,” a period […]
Ripple XRP

Ripple Labs and SBI Remit Team Up to Extend XRP-Powered Remittance Services to Southeast Asia

Ripple Labs, a leading player in the cryptocurrency industry, is broadening its reach in Southeast Asia through a strategic alliance with SBI Remit, a subsidiary of the Japanese financial behemoth SBI Group. This collaboration aims to facilitate international money transfers to three Southeast Asian countries: the Philippines, Vietnam, and Indonesia, utilizing digital asset XRP. The […]
Bitcoin

Paxos Admits to Mistakenly Paying a $500K Fee for a Single Bitcoin Transaction

Crypto firm Paxos has acknowledged that it was responsible for a Bitcoin transaction that incurred an unusually high fee of around $500,000 earlier this week. The company told Decrypt that the excessive fee was paid to the Bitcoin network on September 10, attributing the mistake to a bug that affected only one transfer. The issue […]
Cardano

$ADA: EMURGO CEO Says His Firm Plans to Fill the 21 ‘Gaps’ in Cardano’s Ecosystem

In a recent interview with Cointelegraph Magazine’s editor, Andrew Fenton, Ken Kodama, CEO and founder of Singapore-based EMURGO Group Pte. Ltd., shared the organization’s new strategy to address 21 specific areas where Cardano’s ecosystem could be improved. EMURGO, a founding entity of the Cardano blockchain that provides products and services to drive the adoption of […]
Ripple SEC XRP

Ripple CEO Says ‘Gary Gensler Is a Hammer and Everything Looks Like a Nail’

During his visit to Singapore for TOKEN2049, Ripple CEO Brad Garlinghouse sat down with Bloomberg reporter Annabelle Droulers to discuss a range of topics, including Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), the company’s international expansion, and the broader state of the cryptocurrency industry. Garlinghouse expressed frustration with the SEC’s […]
XRP

Three Key Events That Could Skyrocket XRP’s Value, Explains Crypto Influencer

As various crypto analysts — such as Dr. Benjamin Cowen — have pointed out, XRP has retraced the entirety of the move that came after Judge Analisa Torres delivered her mixed ruling in the SEC v. Ripple lawsuit (which was initiated in December 2020). Yesterday, Zach Rector, a well-known figure in the XRP community, took […]
Shiba Inu Shibarium

Shiba Inu (SHIB) L2 Blockchain Shibarium Sets New Major Milestone: Over 2.1M Transactions

The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, presents itself as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu (SHIB) ecosystem comprises three unique tokens, each serving a particular purpose within the project. SHIB, as the main token, acts as a decentralized, community-driven currency that […]

Facebook’s Former Head of Crypto on Bitcoin’s Role in Global Payments

David Marcus, an American entrepreneur, has a rich history in the fintech space. He was the co-creator of Diem, a cryptocurrency project initiated by Facebook, and has served as the president of PayPal as well as Head of Messenger and Head of Novi at Meta. As of May 2022, Marcus is the co-founder and CEO […]

Federal Judge Orders Seizure of $5.2M in Bitcoin from Hacker Accused of Targeting Crypto Executives

A federal judge recently mandated the forfeiture of nearly $5.2 million in Bitcoin and a sports car from Ahmad Wagaafe Hared, a young hacker accused of stealing cryptocurrency from executives in Northern California. The case is unfolding in San Francisco’s federal court due to the regional focus of Hared’s alleged activities. According to a report […]

“When Cash Was Trash”: Billionaire Ray Dalio Analyzes the Economy’s Resilience Amid Fed Tightening

Ray Dalio, the founder of Bridgewater Associates, recently took to LinkedIn to discuss the unexpected strength of the economy, even as the Federal Reserve tightens its monetary policy. The 74-year-old American, whose net worth is estimated to be around $19.1 billion (as of 9 September 2023), created the asset management firm Bridgewater Associates from his New York […]

Ripple’s UBRI Program Incorporates Four New European Universities to Advance Blockchain Research

Ripple is broadening its academic affiliations in Europe with the addition of four new institutions to its University Blockchain Research Initiative (UBRI). Now in its fifth year, the UBRI program has enlisted Trinity College Dublin (Ireland), EPITA (France), IE University (Spain), and the University of Trento (Italy) to augment blockchain and cryptocurrency research and education […]

Blockchain Consultant on ‘The Role of AMMs in the Multi-Trillion Dollar FX Market’

Blockchain consultant Panos Mekras, who is the Founder of DigitalGen Financial Services, Co-Founder of startup Anodos Finance, and author of the book “Understanding the Crypto Economy: A Full Guide for Beginners“, recently posted a thread on X (formerly known as Twitter) about the opportunities awaiting XRP holders with the upcoming introduction of a new Automated […]

$ETH: Crypto Influencer Heidi Chakos on ‘New Threat to Ethereum That No One is Talking About’

In a recent video on her highly popular YouTube channel “Crypto Tips,” Heidi Chakos, a well-known crypto educator and influencer, discussed the increasing influence of Lido, a liquid staking platform, on the Ethereum network. According to Heidi, Lido currently controls 29% of the staking power on the Ethereum network. She pointed out that Ethereum has […]

$148,000: Coin Bureau’s Jessica Walker on Pantera Capital’s Bold Bitcoin Prediction

Jessica Walker, the co-host of the crypto market commentary show “Coin Bureau,” has taken a closer look at the recent Bitcoin price prediction made by crypto-focused investment firm Pantera Capital in the latest issue of the firm’s newsletter (called “Blockchain letter”). Walker highlighted that Pantera Capital is a pioneering venture capital firm in the crypto space. Founded in […]

Bybit Unveils TradeGPT: AI Mentor Leveraging Bybit’s Market Data for Helping Crypto Traders

Bybit, a popular cryptocurrency exchange, has launched TradeGPT, an AI-based educational tool. This new addition is part of Bybit’s initiative to serve as a “Crypto Ark,” aiming to be a resource center in the cryptocurrency sector. In a blog post published earlier today, Bybit said that TradeGPT is designed to utilize Bybit’s existing market data, […]

Crypto Casino Stake.com Resumes All Services After Security Breach

Stake.com, a well-known online casino and sportsbook founded in 2017 by Bijan Tehrani and Ed Craven, has put a temporary hold on withdrawals after becoming the target of an alleged $40 million security breach. The issue was first brought to light by security firm Cyvers. The firm detected abnormal transfers moving away from Stake.com’s Ethereum […]

Ripple’s “Victory Party” Unlikely to Feature IPO or SEC Settlement Announcements, Says Crypto Lawyer John Deaton

As Ripple prepares for its “community celebration” on September 29 in New York City, speculation has been rife about whether the event will feature significant announcements like an IPO or a full settlement with the U.S. Securities and Exchange Commission (SEC). John Deaton, an American who has been closely monitoring the SEC v. Ripple Labs […]

Bloomberg on NFT Market: Plummeting Sales and Waning Investor Interest Signal a Bleak Future

According to a report by Olga Kharif and James Tarmy for Bloomberg, the Non-Fungible Token (NFT) market is undergoing a severe downturn characterized by plummeting trading volumes and dwindling investor enthusiasm. Daniel Maegaard, a prominent NFT collector known by the pseudonym Seedphrase, has apparently been reducing his collection as the market has “completely tanked.” Data […]

Crypto Analyst Thomas Kralow Says He Is ‘Selling Everything to Buy Bitcoin’

In a recent video, highly respected trader, educator, and crypto analyst Thomas Kralow announced that he has decided to liquidate a significant portion of his assets to invest in Bitcoin. In this video, Kralow unpacks his decision, the rationale behind it, and his perspective on the cryptocurrency market. He stresses that this is not a […]

Binance to Phase Out $BUSD Support, Urges Conversion to Other Stablecoins by February 2024

Binance, the world’s largest crypto exchange, has declared its intention to gradually cease support for Binance USD (BUSD) across its various services. According to Binance’s blog post, this decision comes in the wake of Paxos discontinuing the minting of new BUSD tokens. Despite this, Binance assures its users that BUSD will continue to be backed […]

Bitcoin Holdings on Exchanges Hit Five-Year Low: Analyzing the Key Factors

The quantity of Bitcoin (BTC) stored in wallets linked to centralized exchanges has descended to its lowest point in over five years, according to a CoinDesk report published earlier today. Data from CryptoQuant, an on-chain analytics service, indicates that the exchange reserve has shrunk by 4% this month, settling at 2 million BTC, or roughly […]

Crypto Influencer Heidi Chakos Reveals 2023’s Most Bullish News

In a recent video on her YouTube channel “Crypto Tips,” Heidi Chakos, a well-known crypto educator and influencer, discussed what she considers the most bullish news of 2023: Uniswap’s trading volume surpassing that of Coinbase. According to Chakos, in the first quarter of 2023, Uniswap recorded a trading volume of $155 billion, outperforming Coinbase’s $145 […]

Shibarium Overcomes Early Hurdles: Token Withdrawals Now Streamlined

After a rocky start plagued by software glitches that left millions of dollars stranded, Shibarium, Shiba Inu’s layer-2 network, has finally re-enabled token withdrawals. According to the most recent blog post by Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB) project, users can now withdraw — via the bridge — Shibarium ecosystem […]

JPMorgan Analysts Predict Stabilizing Crypto Market Amid Recent Downturns

According to a report by Bloomberg, JPMorgan Chase analysts, including Nikolaos Panigirtzoglou, recently released a research note suggesting that the cryptocurrency market is likely to stabilize in the near term. The report attributes this outlook to a decline in open interest in CME Bitcoin futures contracts, which usually signals a weakening price trend. The analysts […]

Gemini Explains How to Earn XRP Rewards With Their Credit Card

Gemini, a cryptocurrency exchange, recently took to the micro-blogging platform X to inform users that its credit card now allows for the earning of XRP rewards. The card, currently issued by WebBank, was initially launched in April 2022 and offers a way to earn cryptocurrency rewards on everyday purchases. Features and Benefits The Gemini Credit […]

SEC v. Ripple: Recent Rulings and the Need for Higher Court Intervention on XRP’s Status

The legal battle between the SEC and Ripple Labs has seen significant developments, with insights provided by Marisa Tashman Coppel, Senior Counsel at Blockchain Association, on X (formerly known as Twitter) on 22 August 2023. Her tweets shed light on recent rulings by Judge Torres and Judge Rakoff of the U.S. District Court for the […]

Bitcoin’s Price Drop and the Shift in Trader Sentiment: A Comprehensive Analysis by Santiment

In a recent blog post, Brian Quinlivan, Director of Marketing at blockchain analytics firm Santiment, explores the intricate shift in trader sentiment following Bitcoin’s significant drop to $26.1K. He begins by acknowledging that traders of all experience levels are prone to emotional reactions, emphasizing that sentiment continues to drive markets, especially in the wake of […]

Marathon Digital CEO: Odds of SEC Approving Bitcoin ETF Better Than 50-50

Fred Thiel, Chairman and CEO at Marathon Digital Holdings (NASDAQ: MARA), expressed his optimism in a recent interview with Decrypt regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Here’s a breakdown of what Thiel shared with Decrypt: Thiel’s Optimism About Bitcoin ETF Approval: Thiel […]

Ethereum on the Edge: Analyst Foresees Potential Plunge Below $1,000

Prominent cryptocurrency analyst Nicholas Merten recently expressed concerns about the future trajectory of Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies by market capitalization. Sharing his insights with the 511K subscribers of his YouTube channel, Merten highlighted the absence of bullish momentum for both assets, suggesting that further market dips might be on the […]

$ADA, $DOGE, $XRP Integration: Binance Pay Enables New Payment Methods for Brazilian Merchants

Binance, a global blockchain and cryptocurrency infrastructure provider, has expanded its services in Brazil with the launch of Binance Pay in the country. Key Details of the Launch: Binance Pay Overview: Binance Pay is a contactless and borderless cryptocurrency payment method. It offers support for over 70 cryptocurrencies, including notable ones such as Bitcoin (BTC), […]

More Assets and Greater Interoperability Are Coming to XRP Ledger Thanks to a New Partnership

In a groundbreaking move for the XRP Ledger (XRPL) community, GateHub (the largest XRPL gateway provider) and XRPL Labs (the creators of the Xumm wallet) have announced a strategic partnership. This alliance aims to enhance the XRPL ecosystem by introducing more assets, thereby facilitating effortless value transfers between XRPL and other prominent networks, including SEPA, […]

How to Withdraw Money from Crypto.com to a Bank Account

You might have invested in Bitcoin, Ethereum, or other cryptocurrencies and even made some money off those investments. Now, the question is: how do you convert your crypto into fiat and withdraw it from Crypto.com? This is a common question, especially since most people have never used a crypto exchange before and are wondering if […]

ERTHA to Launch IDO on Top Gaming Launchpads — Seedify, GameFi and RedKite

Kaunas, Lithuania, 17th December, 2021, Chainwire Looking to expand the play-to-earn (P2E) and the Metaverse into depths that have rarely been explored, ERTHA is preparing to launch their IDO on three different gaming launchpads between the 19th and the 21st of December. The ERTHA metaverse, built on Binance Smart Chain, is a Heroes Of Might […]

Polker Team to Display Metaverse Ecosystem Live at DCentral Miami Blockchain Expo

Blockchain gaming metaverse Polker has revealed that it will be attending the DCentral Miami conference set to take place from November 30 to December 1.  Polker to the world DCentral Miami is one of the biggest blockchain conferences globally and features the very best projects in DeFi and NFTs. It is set to be headlined […]

Bexplus Celebrates Its 3nd Anniversary With Surprising Gifts

Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any […]

Portal and Ankr Announce Strategic Partnership to Boost DeFi Adoption

San Francisco, United States, 2nd November, 2021, Portal, a true cross-chain DEX that makes atomic swaps between Bitcoin and other digital assets fast, secure, and private, is thrilled to announce a strategic partnership with the blockchain infrastructure platform Ankr. Both Portal and Ankr believe in connecting users, developers, and enterprises to a self-sovereign and censorship-resistant […]

Play-to-Earn Project Good Games Guild Closes $1.7M Fundraising Round

Jakarta, Indonesia, 29th October, 2021, Good Games Guild, the Play-to-Earn game hub, has closed its Seed fundraising round collecting $1.7 million from a list of notable investors. Specifically, NGC led the round with OKEx Blockdream Ventures, Chromia, LD Capital, Basics Capital, Twin Apex Capital, Kyros Ventures, Titan Ventures, Mapleblock, Fomocraft Ventures, ExNetwork Capital, Master Ventures, […]

XDEFI Wallet, the Browser Wallet Built for DeFi, Announces its Public Release

London, England, 12th October, 2021, XDEFI Wallet has released its highly anticipated wallet to the public, currently available on the Chrome Store. XDEFI Wallet is built with DeFi and NFT power users in mind, with innovative features like Ape Mode that redefine the experience of speed in a crypto wallet.  XDEFI Wallet’s Ape Mode uses […]

With More Than 8,000 People Gathered, What Did We Learn from 2021 World Blockchain Conference?

On July 24-25, the 2021 World Blockchain Conference·Hangzhou, hosted by Hangzhou Shichuo Information Technology Co., Ltd. (8BTC) and supported by Hangzhou Future Science and Technology City Management Committee, was successfully held in Hangzhou Future Science and Technology City. This is the largest blockchain industry summit ever held in Hangzhou. The conference invited more than a […]

Bonus program from Remitano Exchange for Pakistan users

Are you a crypto enthusiast? Are you looking for an easy way to buy bitcoin or other cryptocurrencies? Then, this amazing opportunity is for you to earn FREE coins while you buy cryptocurrencies on Remitano! Leading global P2P crypto exchange platform, Remitano is launching a bonus program for new users in Pakistan. Starting from the […]

Bitcoin Bounces Back To $32,000, Is $BTC Out Of the Woods?

Bitcoin rose alongside global equities markets. Many altcoins also saw double-digit gains, with ETH spiking above $2,000 and dogecoin advancing  6%. While these fresh gains boosted confidence in the market, it may be too early to celebrate. The uptick in crypto prices is believed to be associated with the talk between Ark Invest CEO Cathie […]

Hoard Exchange NFT Marketplace Goes Live, Offering Lending and Borrowing with NFTs

Staying on track to its goals, the Hoard marketplace has announced the public launch of its NFT Marketplace on Ethereum mainnet today. Describing the importance of the launch, Radek Zagórowicz, the CEO of Hoard, said that “this is the first step of further development of novel NFTs functionalities/utilities.” He also expressed his faith in the […]

BENQi is Gearing Up for Its Lending and Borrowing Protocol on Avalanche

Most cryptocurrency lending and borrowing protocols are built on the Ethereum blockchain, but transaction fees are ridiculously high and the blockchain suffers congestion at times. BENQI has come to solve this with the introduction of a Liquidity Market Protocol on a highly scalable and decentralized platform to make experience more user-friendly and transactions cheaper and faster.

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