Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin

August 10, 2024 Bitcoin.com

A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing

August 9, 2024 Bitcoin.com

bitcoin.com

On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

El Salvador and IMF Advance Talks on Bitcoin Risk Mitigation and Economic Reforms

August 8, 2024 Bitcoin.com

bank reserves

The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Economist Jim Rickards Highlights Gold’s Opportunity During Market Meltdowns

August 7, 2024 Bitcoin.com

bitcoin.com

Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach a bottom and jump in “with both […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Bitcoin bull-bear market cycle signals potential bear market — Analyst

August 6, 2024 Coin Telegraph

Bitcoin Price

Bitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japan’s rate hike and the Federal Reserve’s inaction.

The Bitcoin bull-bear market cycle indicator, a metric that tracks phases of investor sentiment in the Bitcoin (BTC) market, recently signaled a bear phase following the macroeconomic downturn resulting from rising Japanese interest rates and a strengthening yen.

According to Julio Moreno, head of research at CryptoQuant, the indicator has not flashed a bear signal since January 2023, a few short months after the collapse of FTX.

Moreno also pointed to the indicator’s history of accurately predicting market downturns during the COVID-19 panic of March 2020, the Chinese government’s mining ban in May 2021 and the start of the crypto bear market in November 2021.

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

August 6, 2024 Bitcoin.com

bitcoin.com

Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show

August 6, 2024 Bitcoin.com

bitcoin.com

The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it was considered outrageous by some, it was seriously […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

6 Indicators of Economic Trouble: Is a US Recession on the Horizon?

August 5, 2024 Bitcoin.com

bitcoin.com

At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Macroeconomics Expert Predicts Hard Landing for US Economy

August 4, 2024 Bitcoin.com

banking sector

Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking sector and the broader financial landscape. Banks See Economic Storm Clouds Ahead: George Gammon’s Warning Gammon explains that […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

German quantum breakthrough highlights need for particle physicists in crypto

August 3, 2024 Coin Telegraph

Amazon

German quantum breakthrough highlights need for particle physicists in crypto

Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios.

Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.

Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.

Economics