Russian President Vladimir Putin has praised China’s Belt and Road infrastructure project, which aims to challenge the US-led global order. Putin’s comments came during his attendance at the Third Belt and Road Forum for International Cooperation in Beijing. The project, launched by Chinese President Xi Jinping in 2013, celebrates its 10th anniversary. Putin aligned himself […]
The US government’s spending exceeded its revenues by over a trillion dollars in the last fiscal year, according to the Congressional Budget Office (CBO) report. The budget deficit for the 2023 fiscal year reached $1.7 trillion, $300 billion more than the previous year. The government spent $6.131 trillion while generating $4.441 trillion in taxes and […]
Billionaire investor Ray Dalio believes that the notion of “cash is trash” is no longer accurate in today’s macroeconomic landscape. Speaking at the Greenwich Economic Forum, Dalio stated that financial conditions have changed significantly in recent years, making cash a relatively attractive asset class, at least for the time being. He acknowledged that his previous […]
A widely followed crypto analyst, TechDev, has suggested that Bitcoin’s bear market is over and an expansion upward is imminent. He shared a chart with monthly candles, Bollinger bands, and an additional indicator showing the logarithmic width between the bands relative to the 200-month moving average. The chart appears to suggest that Bitcoin’s Bollinger bands, […]
Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar. Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend. The pair recovered from a snap retest of $27,000 on Oct. 6, this coming thanks to surprise United […]
XRP, the cryptocurrency of the blockchain enterprise Ripple, is currently the most trending crypto asset due to its recent legal victories. Its trial against the US Securities and Exchange Commission (SEC) in April 2024 is seen as pivotal for its price. Other factors that could influence its valuation include partnerships with banks like HSBC and […]
The cryptocurrency sector has seen significant events in September, with the stablecoin market capitalization reaching a new low of $124 billion. This is the lowest amount since August 2021 and is 18 consecutive months of decline. Despite this, the market has shown strength by rebounding swiftly and stabilizing.Stablecoins, also known as “pegged” or “linked” cryptocurrencies, […]
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external factors played a significant role in FTX’s struggles. The trial has introduced cryptocurrencies to the jury, highlighting the significance of Bitcoin, Ethereum, Dogecoin, […]
Glassnode co-founders Jan Happel and Yann Allemann, who share the handle Negentropic on the social media platform X, predict that Bitcoin (BTC) could soar into six figures early next year. They believe that the king crypto appears ready to greatly outperform gold on a rally toward $120,000. Analysts are looking at the BTC/XAU trading pair, […]
Circle Ventures has joined a consortium of notable investors in the Burnt and XION blockchain ecosystem, a testament to XION’s potential and innovation. This collaboration highlights the commitment to advancing blockchain technology and its widespread adoption. XION Blockchain stands out for its integration of USDC, its modular account abstraction layer, and its dedication to security […]
