The hegemony of the US dollar as the global reserve currency has been a pillar of the global financial system since the Bretton Woods agreement in 1944. However, the current trend suggests that its dominance could be at a crossroads, facing increasing pressure that, although still far from a definitive collapse, it points towards progressive … Read more
Key facts: The specter of deflation and economic recession haunts China. The government is preparing economic stimulus packages to face the crisis. China is showing eerily similar signs to the Great Recession of 2008. According to “The Kobeissi Letter,” a financial analysis newsletter founded by expert Adam Kobeissi, the Asian giant could be on the … Read more
Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, argued this week in an interview that bitcoin (BTC) should be treated as a commodity, equating it with traditional commodities such as gold and oil. “When you really understand bitcoin, it is difficult to see it any other way,” Lutnick commented.underscoring the nature of bitcoin as … Read more
Key facts: Kamala Harris is emerging as the winner in the bet, with 51% of the odds. The results broadcast by AP, Fox News and NBC on November 4 will settle the bet. More than $1 billion is at stake on Polymarket, a cryptocurrency betting platform, with the idea of predicting who will be the … Read more
Key facts: A day of high volatility is expected for bitcoin. Investors in bitcoin ETFs are piling up, waiting for a bullish October. Today at 12:30 PM (UTC time) the United States Personal Consumption Expenditure (PCE) Price Index will be released. This report is key to evaluating inflation in financial and economic power, so its … Read more
Key facts: This confirms that BNY Mellon can now offer custody of BTC and ETH, as anticipated. Gensler said there are entities presenting plans to custody digital assets. BNY Mellon received the green light from the Securities and Exchange Commission (SEC) to custody bitcoin (BTC) and ether (ETH) beyond exchange-traded funds (ETFs), SEC Chairman Gary … Read more
Key facts: The consumer confidence index fell to lower than expected levels. However, many analysts continue to show positive expectations for the economy. American consumer confidence has shown clear signs of deterioration in recent months, reflecting growing pessimism about the economy and the country’s financial future. According to “The Kobeissi Letter,” a financial analysis newsletter … Read more
This Friday, September 27, the US PCE will be published, something that could bring volatility to the markets, including bitcoin (BTC). The report will be released at 8:30 AM New York time (12:30 PM UTC time). The PCE (personal consumption expenditure price index) measures changes in the prices of goods and services consumed by households. … Read more
Gold prices hit a new all-time high (ATH) this week, breaking through the $2,660 per ounce barrier. Given that the precious metal is considered a safe haven asset, the price increase could signal that the market is anticipating an economic crisis. The ATH occurred after the The US Federal Reserve (Fed) will announce a reduction … Read more
Green United LLC, a company that offered mining equipment for its GREEN token to US residents, engaged in a fraudulent scheme, according to a lawsuit filed by the Securities and Exchange Commission (SEC) last year that has now found support in a court. In a Judgment issued on September 23Judge Ann Marie McIff Allen determined … Read more