Financial Crisis

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

January 24, 2023 Bitcoin.com

bitcoin.com

The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

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

January 11, 2023 Bitcoin.com

Adverse

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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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

January 9, 2023 Bitcoin.com

Analyst

The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

14th Anniversary of Bitcoin’s Genesis Block: A Look Back at the Birth of Cryptocurrency

January 3, 2023 Bitcoin.com

Bank Bailouts

14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’

October 20, 2022 Bitcoin.com

aheadoftheherd.com

While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an inconceivable manner. The owner of aheadoftheherd.com, Richard Mills, published a comprehensive research post on Wednesday called “Walking Dead U.S. Dollar,” warning that […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor

August 26, 2022 Bitcoin.com

Agorism

No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’

August 15, 2022 Bitcoin.com

2008

The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money

October 6, 2021 Bitcoin.com

Bitcoin

Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top Issues for Policymakers Exploring CBDCs […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Top US Regulator Likens Cryptocurrency to ‘Fool’s Gold,’ Warns of Looming Financial Crisis

September 23, 2021 The Daily Hodl

Bitcoin

Acting Comptroller of the Currency Michael J. Hsu is equating cryptocurrencies to fool’s gold and warns that the unregulated nature of the digital asset environment is reminiscent of what caused the 2008 financial crisis. The Office of the Comptroller of the Currency (OCC) head also believes that innovation must be balanced with purpose and lessons […]

The post Top US Regulator Likens Cryptocurrency to ‘Fool’s Gold,’ Warns of Looming Financial Crisis appeared first on The Daily Hodl.

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

May 30, 2021 Bitcoin.com

2008

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead […]

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment