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Monthly archives: August 2023
US Debt Jumps $97,000,000,000 in One Week As Finance Expert Says ‘Jaw-Dropping’ Spending Will Fuel Era of Financial Repression
The total outstanding debt owed by the US government is rising at a historic rate. The Treasury’s FiscalData platform shows $97.7 billion was added to the national debt between August 16th and August 22nd, bringing the grand total to $32.759 trillion at time of publishing. In a new blog post, finance guru Larry Mcdonald analyzes …
Top US Crypto Exchange Coinbase Says It Will Axe Trading Support for Multichain (MULTI) and Five Other Altcoins
Leading US-based cryptocurrency exchange Coinbase will suspend trading for the crypto asset of the bridging platform Multichain (MULTI) effective September 6th. The decision comes after Multichain advised its users to stop using its services. Earlier this year, the protocol announced that its team members couldn’t find the project’s CEO, Zhao Jun, amid technical issues. “The …
Mysterious Bitcoin Whale Abruptly Moves Over $134,000,000 in BTC – Here’s Where the Crypto’s Headed
A mysterious Bitcoin (BTC) whale is suddenly shifting hundreds of millions of dollars worth of the king crypto out of a centralized crypto exchange platform. New data from whale-surveying platform Whale Alert reveals that the deep-pocketed investor abruptly moved 5,140 BTC, or $134 million worth of the top crypto asset by market cap, from Dubai-based …
JPMorgan Shares Prediction On Bitcoin’s Next Move: What You Need To Know
In the latest research report, financial giant JPMorgan Chase & Co. has recently shared its belief in Bitcoin and the crypto market. Bloomberg reported, citing data from the financial services firm, that the current downtrend phase in the crypto market might just be nearing its conclusion. Notably, the deceleration in the market momentum, primarily attributed …
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Economic Reset Alert: Bloomberg Analyst Predicts Bitcoin Crash Below $10,000
Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a period of stability around the $26,000 mark following the recent speech by Federal Reserve Chair Jerome Powell. Powell reiterated the central bank’s commitment to maintaining a 2% inflation target in his speech. As economists discuss the implications of this goal, market observers, including Bloomberg’s Senior Macro …
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Shiba Inu Whale Buys 708 Billion SHIB, Sparks Speculation Of Price Recovery
The Shiba Inu community is buzzing with excitement after reports revealed that an anonymous whale had purchased a massive stash of SHIB tokens from the Gemini exchange in a single transaction. Mysterious Whale Makes Massive SHIB Purchase A crypto whale has shocked the SHIB community and crypto space after purchasing 708.41 billion SHIB tokens worth …
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Senator Cynthia Lummis Wants SEC Lawsuit Against Coinbase Dismissed, Says It’s ‘Out of Step’ With Legislative Efforts
Senator Cynthia M. Lummis of Wyoming called for the dismissal of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against cryptocurrency exchange Coinbase, arguing it […] Go to Source
Spot ETF Approval Could Propel Bitcoin Price Beyond $150K, Tom Lee Forecasts
The future of Bitcoin’s price has garnered the attention of experts and enthusiasts alike, with a bold prediction from Tom Lee, Co-Founder of Fundstrat Global […] Go to Source
Dropbox drops unlimited storage plans, citing abuse by crypto miners
Cloud storage provider Dropbox has announced a it would discontinue its “unlimited” storage policy offered under its Dropbox Advanced plan and will replace it with a metered model to better manage the unexpectedly high usage patterns. These patterns, according to the team’s announcement, include unauthorized use of those data plans for crypto mining activities. Unauthorized …
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Bitcoin block production trend suggests early 2024 halving event
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Binance removes five sanctioned Russian banks from P2P trading: WSJ
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Rep. Patrick McHenry calls proposed crypto tax rules an ‘attack on the digital asset ecosystem’
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Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries
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Fed Chair Jerome Powell discusses target interest and inflation rates at Jackson Hole summit
The robust growth of the U.S. economy may necessitate additional interest rate increases to mitigate inflationary pressures, according to Federal Reserve Chair Jerome Powell. Speaking at the Jackson Hole Economic Symposium, an annual conference of central bankers in Jackson Hole, Wyo., Powell outlined the uncertainties surrounding the economic outlook while indicating the possible need for …