Bitcoin ETF Race Begins: Has Institutional Trust Returned To Crypto?
by Tyler Durden Wednesday, Jul 05, 2023 – 06:20 AM Authored by Prashant Jha via CoinTelegraph.com, Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin halving event less than a year away, several financial giants…
These Charts Show Why the Fed Is Terrified to Stop Raising Interest Rates and Why NASDAQ Is Ripping Higher
By Pam Martens and Russ Martens: July 5, 2023 ~ The top chart above shows one of the most erratic eras in Federal Reserve policy-making history. In the 70s and early 80s, the Fed would slam on the brakes to bring down inflation by raising its benchmark rate (known as the Fed Funds rate), then slam…
Apple Hits $3 Trillion Market Cap After Spending More than Half a Trillion Dollars on Stock Buybacks Since 2013
By Pam Martens and Russ Martens: July 3, 2023 ~ According to S&P Dow Jones Indices, component companies of the Standard & Poor’s 500 spent $922.7 billion in 2022 buying back their own stock. That was $41 billion more than the S&P 500 companies spent in 2021, which came in at a lofty $881.7 billion. One…
Gold Is the Most Trusted Currency in the World and Has Been for Over 2,500 Years. However, With the Advent of Bitcoin, There Is Now a New Alternative to Dollars
by Tyler Durden Friday, Jun 30, 2023 – 04:40 PM Authored by Nick Giambruno via InternationalMan.com, International Man: For over 2,500 years, gold has been mankind’s most enduring money. However, with the emergence of Bitcoin there is a new hard money option. How do you see the two as governments worldwide continue to engage in rampant…
CBDCs Gain Momentum: 130 Countries Now On The Runway
As digital currencies such as CBDCs begin to take a more pivotal role in the global economy, recent studies indicate an increase in their adoption rate among the world’s economies. Currently, 130 countries, which make up 98% of the global economy, are investigating the potential of digital versions of their currencies, with almost half progressing…
Tragic Death of JPMorgan Board Member Adds to the Bank’s String of Unusual Deaths
On Sunday, James S. Crown died in an unusual single-car accident, reportedly on a motorsport racetrack at a “member-owned country club” HNewsWire: By Pam Martens and Russ Martens: June 29, 2023 ~ James S. Crown On Sunday, James S. Crown died in an unusual single-car accident, reportedly on a motorsport racetrack at a “member-owned country club”…
Money Lost To Crypto Ponzi Schemes In 2022 Surpasses Hacks And Exploits
According to a new report by TRM, more money was lost to cryptocurrency Ponzi schemes and scams throughout 2022 than to hacks and exploits. In the past year, crypto investors were scammed through various Ponzi schemes to the tune of at least $7.8 billion. In total, the intelligence company reported about victims lost about $9.04…
The Most Recent Accounting of the Financial Damages Incurred During What May Be One of the Largest Ever Frauds Is That the Defunct Crypto Exchange FTX Owes Customers $8.7 Billion, According to the Company’s Current Management
Many people and businesses have lost significant sums of money as a result of the FTX cryptocurrency exchange’s collapse. On Friday, Sam Bankman-Fried’s cryptocurrency exchange, FTX, filed for bankruptcy. Once making Bankman-Fried a multibillionaire and prominent Democratic donor, the company’s value has since plummeted. But the fallout from Bankman-Fried’s company has affected more than just…
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed stablecoins) and called on the U.S. government to act by…
Renowned Bitcoin Hater Peter Schiff Has Once Again Cast Doubt on the Cryptocurrency’s Long-Term Sustainability
Renowned Bitcoin hater Peter Schiff has once again cast doubt on the cryptocurrency’s long-term sustainability. Schiff recently expressed skepticism regarding the recent Bitcoin rally that saw its market capitalization earlier reach an impressive $31,000. According to Schiff, the current surge in BTC price is merely a temporary thing, and he believes that “the party” will…