central banks

Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

September 4, 2024 Bitcoin.com

Altcoins

Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […]

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Report: Central Bank Gold Demand Surges in July Amid Rising Prices

September 3, 2024 Bitcoin.com

bitcoin.com

Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Central banks buying gold at record levels, but Bitcoin still outperforms

September 2, 2024 Coin Telegraph

Bitcoin

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.

Central banks across the globe have been stocking up their gold reserves at record levels this year in a pivot to store of value assets.

In a post on X on Sept. 2, macroeconomics outlet, the Kobeissi Letter reported that global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.

It added that the figure is 5% higher than the previous record of 460 tonnes which was set in the first half of 2023. In Q2 2024, central banks bought 183 tonnes of gold, marking a 6% increase year-over-year.

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Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

September 1, 2024 Bitcoin.com

Arthur Hayes

Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Gold Shatters Records as Investors Brace for Economic Turbulence

August 20, 2024 Bitcoin.com

bitcoin.com

Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices of precious metals […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

July 20, 2024 Bitcoin.com

bitcoin.com

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Digital Euro Holding Limit: Debate Continues

June 25, 2024 Bitcoin.com

bitcoin.com

The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500 digital euros per person. ‘The Jury Is Still Out Here’ […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey

June 19, 2024 Bitcoin.com

bitcoin.com

The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation. […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Central Banks Boost Gold Reserves by 33 Tonnes in April

June 8, 2024 Bitcoin.com

bitcoin.com

Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to 38 tonnes and raising its overall official gold reserves to […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’

May 18, 2024 Bitcoin.com

Economist Jim Rickards Predicts Gold Price Exceeding ,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’

bitcoin.com

Economist Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing that this projection is not made for attention or shock value. “It’s the result of rigorous analysis,” he clarified. This represents a significant increase from his previous estimate of $15,000 by 2026. Jim Rickards’ $27K Gold Prediction Explained Economist Jim Rickards shared his prediction […]

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