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Bitcoin
Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets
In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the…
Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin
Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum…
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century…
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly…
Senator Calls for Audit on Palau’s Ripple-Backed Stablecoin Pilot Program
Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid,…
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.