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Fitch Maintains Negative Watch on US Rating Despite Debt Limit Resolution
Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings still has concerns about the country’s ability to repay its debt. As a result, the credit rating agency has placed the U.S. “AAA” rating on…
Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime — Says ‘You Should Be…
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. “You should be extremely worried. If you’re not, you…
Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief
Iran and Russia have increased cooperation and settled more than 60% of their bilateral trade in the Russian ruble and the Iranian rial, according to the chairman of Iran-Russia Joint Chamber of Commerce. The two countries have ramped up…
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per…
While Markets Consolidate, Value of Bitcoin’s BRC20 Token Economy Has Risen Over 1,500% in 39 Days
During the past week, while bitcoin has been less volatile, the BRC20 token economy has been coasting along just below the $500 million range, and today it stands at $475.05 million. Statistics show that BRC20s have increased in value…
NFT Sales Climb 39% in One Week, While Bitcoin NFT Sales Maintain Rapid Momentum
While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the…
Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community
Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The…
Biggest Movers: TRX Hits 1-Year High, Following Integration on Ethereum Network
Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by…
Peter Schiff Twitter Apparently Hacked, Shills Gold Crypto, Son Spencer Warns
The Twitter account of Bitcoin critic Peter Schiff was found advertising a gold-branded token as a result of an apparent hacking. His son, crypto enthusiast Spencer Schiff, warned users in a tweet not to follow the link posted by the…
US Dollar Will Lose Dominant Status, China and India Could Play Key Role in Currency Shift, Says…
Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, has explained that the U.S. dollar will lose its dominant status. He expects the Chinese yuan and possibly the Indian rupee to become “much more important…