“Global money printing is back,” The Kobeissi Letter analysts observe as they draw attention to the fact that the total global money supply has reached $89.7 trillion. The increase is notable in the United States, the eurozone, Japan and China, notes the publication’s most recent report, highlighting that the increase has been about 7.3 trillion … Read more
Franklin Templeton’s OnChain US Government Money Fund (FOBXX) has expanded its presence in the cryptocurrency ecosystem by launching on the Aptos network, adding a fifth network to its offering. According to what was stated, institutional investors can allocate funds using your cryptocurrency wallets on the platformwith the option to keep your assets on the Aptos … Read more
Bitwise registered a trust entity, which is a step prior to applying. XRP ETFs have been rumored for several months now. Investment firm Bitwise took a step towards creating an exchange-traded fund (ETF) based on XRP, the cryptocurrency issued by Ripple. The company registered a trust entity in Delaware, a move that precedes the formal … Read more
Bitcoin is trading at USD 61,000, affected by the outflow in ETFs and the war in the Middle East. The outflow of capital broke the streak of million-dollar inflows that extended for 8 consecutive days. Bitcoin (BTC) remains at $61,000 this Wednesday, after a day marked by a significant outflow of capital from exchange-traded funds … Read more
They hope that the cut of interest rates and the fears of fiscal deficit weaken the dollar. Geopolitical tensions could spread far beyond this fourth quarter. UBS, a leader in global financial services, is recommending to investors to reduce their exposure to the dollar, opting for diversification with other coins in G10 countries, as well … Read more
The probable presentation of a new route plan in the de-dollarization process and the continued expansion of the BRICS bloc, under the impetus of an alliance between China and Russia, has already begun to raise red flags globally. The issue was part of the concerns discussed at the United Nations General Assembly held a few … Read more
FTT is a token that has been rendered useless after the bankruptcy of the exchange. At the time of this publication, FTT leads the cryptocurrency’s weekly rise. The price of cryptocurrency exchange FTX’s FTT token saw a 94% increase in a single day, rising from $1.39 to $2.70. This phenomenon is attributed to speculation and … Read more
CZ highlighted one of his main projects, Giggle Academy. He said he will act as a mentor for new ventures. Changpeng Zhao, better known as CZ and former CEO of Binance, was released from US custody after serving a four-month prison sentence for deliberately violating US laws. Now, he is determined to continue entrepreneurship in … Read more
The price of gold has had a huge rise in 2024. According to technical analysis metrics interpreted by specialists from ‘The Kobeissi Letter’, this has taken gold to an “extreme” level that has been rarely seen in the history of gold trading. this precious metal. The aforementioned analysts they explain that The price of gold … Read more
Key facts: The influence of the main world financial power on bitcoin is undeniable. If hyperbitcoinization becomes a reality, it would upset the balance of economic power. Since its birth in the shadows of the 2008 financial crisis, bitcoin (BTC), the digital currency created by Satoshi Nakamoto, sparked a revolution: a decentralized economy, free from … Read more