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Bitcoin
Federal Reserve Governor Hints at More Interest Rate Hikes
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs…
Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion
Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away from the U.S. dollar in global trade. He also revealed his stance on the expansion of the BRICS economic bloc ahead of the group’s upcoming…
US Senators Press Biden Administration for Measures to Counter ‘Serious National Security Threats’…
U.S. senators have pressed the Biden administration for measures to counter “serious national security threats” posed by North Korea’s dependence on cryptocurrency. According to the lawmakers, North Korea is using crypto “to evade…
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of…
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay.
Bitcoin Volatility Low, Silver Faces Challenges: McGlone
In a…
It’s ChatGPT, but for Bitcoin: New AI Tool Avoids ‘Hallucinations’
An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new "ChatBTC" is less likely to give incorrect answers about the original cryptocurrency, or to “hallucinate” like the more…
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.
Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official…
Biggest Movers: BCH 5% Higher on Monday, XLM Avoids Drop Below Support
Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also…
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment…
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39%…