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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

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Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on in 2023. Examining the Top […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

Remittances to Low and Middle Income Countries in 2022 Up by 5% to 6 Billion — Latest World Bank ReportDespite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed to the concurrent crises.” Impact of the […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

LBRY alleges Apple forced it to censor certain terms during COVID-19

After Elon Musk lamented the winding back of Apple's Twitter advertising, crypto company LBRY replied about its own troubles with Apple and censorship.

Blockchain-based file-sharing and payment network LBRY has alleged that tech giant Apple forced it to filter out certain search terms during the COVID-19 crisis in an apparent rejection of free speech. 

In a Nov. 28 post on Twitter, LBRY alleges it was asked to censor anything related to COVID-19, especially vaccines and the human origins of the virus, or face having its apps removed from the Apple store.

"We had to build a list of over 20 terms to not show results for, only on Apple devices. If we did not filter the terms, our apps would not be allowed in the store," the crypto company alleged.

LBRY is a decentralized content-sharing platform that allows artists, filmmakers, writers and other content creators to retain full artistic and financial control over their work. Its Odysee video-sharing website is one of its best-known apps, but it's unclear if this app was involved in the alleged censorship.

The blockchain firm made the revelation in a response to a post from Elon Musk, who said that Apple has "mostly stopped" advertising on Twitter due to concerns about the social media platforms' content, prompting LBRY to share its experience with Apple during the COVID-19 pandemic.

LBRY also alleges when some of its users included images of "Pepe the Frog" in videos, Apple "Rejected" them.

Pepe the Frog is an Internet meme of a green anthropomorphic frog originating in 2005, which has since been adopted by protest groups in Hong Kong and used in political-based ideology.

The crypto company said that "Apple may make good products, but they have been opposed to free speech for some time.”

Cointelegraph reached out to Apple for comment but has not received a reply by the time of publication.

Related: Crypto Twitter unhappy with SBF ‘puff piece’ pushed by mainstream media

Meanwhile, discussions around censorship on Twitter have continued to rage on. 

Musk took over Twitter on Oct. 28 and has been teasing the release of the "Twitter Files", supposed proof of a concentrated effort by the previous Twitter administration to stifle free speech on the platform.

Musk's takeover of Twitter and subsequent plans for the platform have seen some users seek out decentralized social networks as an alternative. 

Twitter co-founder and former CEO Jack Dorsey recently unveiled a new Bitcoin-powered Bluesky Social app as part of a decentralized answer to Twitter.

The Oct. 18 announcement came roughly three years after the initiative was announced by Dorsey, with the goal of allowing users should to have control over their data and be able to move it from platform to platform without permission.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’

Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

The best-selling author of Rich Dad Poor Dad has tipped Bitcoin and two other commodities as buying opportunities, noting a U.S. dollar crash could occur by January.

Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad has called Bitcoin, silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. 

In an Oct. 2 Twitter post to his 2.1 million followers, the author noted the prices of the three commodities — sometimes referred to as "safe haven" assets — would continue getting lower as the U.S. dollar strengthens, proving its worth once the “FED pivots” and drops interest rates.

In a post the day before, Kiyosaki predicted this “pivot” could happen as soon as January 2023, which would see the U.S. dollar “crash” in the same way as the recently collapsed English Pound Sterling.

“Will the US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots,” said Kiyosaki, adding he “will not be a victim of the F*CKed FED.”

Since as early as May. 2020, Kiyosaki has been a proponent for asset classes that the Fed cannot directly manipulate, having once warned investors to “Get Bitcoin and save yourself” following the Fed’s immediate mass money printing episodes in response to the COVID-19 pandemic.

Interestingly, Kiyosaki’s liking for Bitcoin stands despite not believing there’s any value to it, he said in a recent interview on Rich Dad. The author appears to be standing behind Bitcoin again in his most recent tweet, noting: 

“When FED pivots and drops interest rates as England just did you will smile while others cry.”

In a September letter to his mailed subscribers, Kiyosaki stressed the need to invest in digital assets now in order to score outsized returns over the long term:

"It's not enough to WANT to get into crypto [...] Now is the time you NEED to get into crypto, before the biggest economic crash in history."

The U.S. dollar has been gradually gaining strength over other major global currencies over the last year, with the GBP/USD, EUR/USD, and JPY/USD falling 18.24%, 15.54%, and 23.33% respectively, according to Trading Economics.

At the same time, the Fed’s interest rate hike, along with a strengthening USD has coincided with a 55% drop in the crypto market cap over the last 12 months.

Related: The British pound collapse and its impact on cryptocurrency: Watch the Market Report

Last month, hedge fund co-founder CK Zheng said he expected October to be a “very volatile” month for BTC.

“October is a pretty volatile period of time, especially when combined with high inflation, with a lot of debate in terms of the Fed and policy change. The concern is that if the Fed tightens too much, the U.S. economy may actually go into a severe recession.”

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’

Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

WEF’s Great Reset Agenda Continues to Get Significant Pushback From Critics

WEF’s Great Reset Agenda Continues to Get Significant Pushback From CriticsAmid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (WEF) that claims to bolster a greener and fairer world. Since the Great Reset idea started seeing a lot more promotion that year and well […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the ‘Deliberate Depression’

Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the ‘Deliberate Depression’Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank has said. The report concludes that the country needs to seriously engage “in the macro-fiscal, financial, and sector reforms the World Bank has been stressing […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption

Metaverse Company Condense Raises .5 Million to Accelerate VR Streaming AdoptionCondense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding to deepen its relationship with artists, labels, content creators, and metaverse […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply