Robert Kiyosaki, renowned author of the best-selling book “Rich Dad Poor Dad,” has expressed his bearish sentiment towards the U.S. dollar following reports of an agreement among BRICS nations to establish a gold-backed currency. According to Russia Today (RT), this agreement is expected to be officially announced in August during an alliance summit in Johannesburg,
The latest data from on-chain analytics firm Glassnode reveals that the amount of Bitcoin (BTC) held on exchanges has reached its lowest level since the 2017 all-time high. Currently, less than 12% of the BTC supply resides in exchange wallets. This trend has been evident since late April, marking a reversion to the long-term trend
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have raised concerns regarding Prometheum, Inc., a digital asset company, alleging false testimony and potential violations of U.S. securities laws. The legislators have called on Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler to conduct a thorough investigation into the
The recently enacted Markets in Crypto-Assets (MiCA) legislation by the European Union on May 31 has sparked both praise and concerns within the crypto industry. While many applaud it as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension surrounding one specific aspect: the imposition of a daily transaction cap on private stablecoins. With
Grayscale, a renowned digital asset management firm, has recently made an important addition to its DeFi fund. In a groundbreaking move, Grayscale has included Lido liquid staking protocol’s governance token, Lido (LDO), in its portfolio. By doing so, Grayscale aims to enhance the fund’s diversity and capitalize on the growing popularity of liquid staking in
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently trading at an 8% discount on Binance.US, attributed to liquidity issues caused by a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This situation has resulted in BTC trading at $27,705.59 on Binance.US, which is around $3000 less than its value
Bitcoin (BTC) has faced its fair share of ups and downs, but according to Standard Chartered, the future looks bright for the world’s largest cryptocurrency. In a recent report, the banking giant predicts that Bitcoin will reach $50,000 this year and could even surpass its all-time highs by 2024. This bullish outlook comes as the
The recent nonfarm payrolls report showed a cooling labor market, causing concern among market observers. However, the report did not alter expectations of a rate hike by the United States Federal Reserve. This, along with a report stating that a spot Bitcoin exchange-traded fund (ETF) may not be a game changer for the crypto space,
Bitcoin (BTC) is set to become “society’s base money,” according to investor Luke Broyles. In a recent Twitter thread, Broyles outlined his bold vision for Bitcoin, highlighting its unique attribute of having a fixed and immutable supply. While other innovations, including artificial intelligence (AI), may force prices down and encourage currency printing, Bitcoin will remain
Recent lawsuit against Dogecoin has caught the attention of Elon Musk’s legal team Musk’s attorneys have filed a motion to reject the complaint filed by Dogecoin investors Investors accused Musk’s attorneys of unethical conduct, but the legal team dismisses the allegations Musk’s attorneys argue that the accusations lack merit and fail to meet the legal