Demand for bitcoin (BTC) has been declining this week as an inflation report from the major financial power approaches. This is the consumer price index (CPI) of the United States. This report will be published tomorrow, Thursday, October 10, at 12:30 PM (UTC), something that could stir volatility in financial markets. Lower inflation would imply … Read more
Saving in dollars (USD) has never been the best option, considering that other financial assets offer greater profitability despite their risk. However, this particularity has greater relevance with the current macroeconomic environment, according to a report from the JP Morgan bank, made by Kenneth Datta, global investment strategist. “Holding cash during an interest rate cut … Read more
The bitcoins, estimated at USD 4.4 billion, are claimed by the firm Battle Born Investments. The firm had appealed to the US Supreme Court in order to recover the BTC. At the start of its annual session, the Supreme Court of Justice, the highest court in the United States, refused to review an appeal related … Read more
The platform believes that the SEC has expanded its jurisdiction beyond legal limits. “We seek to stop the SEC’s illegal actions that exceed its authority and violate the law,” they say. This Tuesday, October 8, Crypto.com filed a lawsuit against the United States Securities and Exchange Commission (SEC), seeking to protect the future of the … Read more
Rockdale Mayor Ward Roddam tells in a letter how bitcoin revitalized his city. “We are on the threshold of a new economic renaissance,” said the mayor. Rockdale, a small town in the U.S. state of Texas, faced a serious economic disaster in 2008. It happened when the Alcoa aluminum plant, which had been the town’s … Read more
The CEO of X, Tesla and SpaceX appeared at a Trump rally to show his support. Harris has outperformed Trump in the Polymarket bet for short periods of time. Former President Donald Trump regained the lead over Vice President Kamala Harris at Polymarket, the cryptocurrency sportsbook, with a 51% chance of winning compared to Harris’ … Read more
A little more than a week has passed since Gary Gensler, the current president of the US regulator, and the other four commissioners of the US Securities and Exchange Commission (SEC), were rebuked before the Financial Services Committee of the Lower House of the Congress, and we already have the first fallen. Gurbir S. Grewal, … Read more
Tether, the issuing company of the popular USDT stablecoin, has recorded a substantial increase in its reserves so far in 2024, through investment in United States Treasury bonds. Tether CEO Paolo Ardoino said the company had a stronger relationship with the US government than any other stablecoin issuer. This, to the point of becoming your … Read more
A more favorable regulatory environment for the ecosystem is expected in 2025, regardless of who wins. For Coinbase, elections are the most important influencing factor for all markets. With the US presidential election awaiting in a month, financial markets could be more impacted by the political campaign. This includes bitcoin (BTC) and cryptocurrencies. In fact, … Read more
The United States Securities and Exchange Commission (SEC) continues to confuse the cryptocurrency industry, first by the methods it uses to classify most digital assets as securities, and now, by failing to present a key document to the appeal the decision of federal judge Analisa Torres who ruled, last year, that the sales of the … Read more