Bitcoin approaches the end of April having barely moved, with BTC’s price offering little short-term clues on the trajectory. Market Update Own this piece of history Collect this article as an NFT Join us on social networks Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle …
Monthly archives: April 2023
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as …
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending. Bitcoin Is Still the ‘Most Dominant’ …
Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency …
Trader Known for Calling Bottoms Warns Bitcoin (BTC) Could Witness Extended Correction – Here’s His Downside Target
A trader who grew his following after calling the 2018 Bitcoin (BTC) bear market bottom believes that the king crypto is unlikely to break above $30,000 anytime soon. Pseudonymous analyst Bluntz tells his 222,400 Twitter followers that Bitcoin is likely done going through a five-wave uptrend on the daily chart. According to the popular analyst, …
YouTube helps recover hacked channel that attempted XRP crypto scams
YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. News Own this piece of history Collect this article as an NFT Join us on social networks Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) …
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First Republic’s crisis is not an isolated incident: JPMorgan exec
The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.” News Own this piece of history Collect this article as an NFT Join us on social networks An executive at J.P. Morgan Asset Management is unsure how United States regional banks …
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Bitcoin Price Prediction for Today, April 29: BTC Price Swings within a Narrow Range Below $30K
Bitcoin Is in a Rising Trend as It Swings Within a Narrow Range below $30K – April 29, 2023 Bitcoin (BTC) is currently trading below […] Go to Source
US Banking Crisis Not Over, ‘Naive’ To Think First Republic Is Last Victim: J.P. Morgan Asset Management CIO
The chief investment officer at J.P. Morgan Asset Management says that the crisis in the country’s banking industry is not done claiming victims. In a new Bloomberg Television interview, Bob Michele says that the banking crisis will not stop with troubled bank First Republic. According to the Michele, regional banks are keeping their heads above …
FDIC pins Signature Bank’s failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies. News Own this piece of history Collect this article as an NFT Join us on social networks The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) …
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Bitcoin Network Hits 75% Progress Towards Next Reward Halving
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block …
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US Senator Rand Paul Warns of US Dollar Losing Reserve Currency Status — Says ‘It’s Not an Unfounded Prediction’
U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the lawmaker. Senator Rand Paul on U.S. Dollar Losing Reserve Currency Status U.S. Senator …
Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and …
Federal Reserve Is Destroying Regional Banks and Will Nuke American Economy: Robert Kiyosaki
Rich Dad Poor Dad author Robert Kiyosaki says the Federal Reserve’s tight monetary policies are annihilating the country’s regional banking sector, and the worst is yet to come. In a new tweetstorm to his 2.4 million Twitter followers, the best-selling author questions the Fed’s intentions and continued interest rate hikes amid the collapse of Signature …
Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways
The world’s largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate. Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD). TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap. Dogecoin is …