Utah Senator Seeks to Abolish Federal Reserve

June 14, 2024 Bitcoin.com

bitcoin.com

Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike Lee Following the lead of House Representative Thomas Massie […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Fidelity Analyst Issues Warning, Says Massive Spike in Money Supply Needed for Bitcoin and Gold To Shine

June 13, 2024 The Daily Hodl

Bitcoin

A macro analyst at the investment giant Fidelity thinks there needs to be a sustained spike in money supply to bolster the argument that Bitcoin (BTC) and gold are stores of value that hedge against government-induced inflation. Jurrien Timmer, the director of global macro at Fidelity, notes on the social media platform X that sustained […]

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Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession

June 11, 2024 Bitcoin.com

bitcoin.com

Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling for immediate rate cuts to stabilize the economy. Senators […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Inflation Explained: What It Is and Why It Happens

June 10, 2024 Bitcoin.com

bitcoin.com

While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is largely driven by an increased money supply, manipulation of interest rates, and quantitative easing […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead

June 7, 2024 Bitcoin.com

bitcoin.com

The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend on market reactions and evolving data. European Central Bank Cuts Interest Rates […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Nigeria’s interest in Bitcoin unfazed by regulatory restrictions

June 2, 2024 Coin Telegraph

Bitcoin

Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

Despite President Tinubu’s administration’s crackdown on peer-to-peer (P2P) cryptocurrency trading, which has sparked outrage among many young Nigerians, their enthusiasm for Bitcoin remains unabated.

According to Google Trends statistics, Nigeria, Africa’s largest cryptocurrency market, is currently the country with the highest interest in Bitcoin (BTC), followed closely by El Salvador.

Geographic analysis reveals that Delta state leads the pack in Bitcoin interest, trailed by states like Anambra, Ekiti, Enugu, Ondo, Ebonyi, Bayelsa, Osun, Edo, and Imo. Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Survey: 77% Believe Presidential Candidates Should Be Informed on AI and Crypto

June 1, 2024 Bitcoin.com

2024 election

The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000 adults, highlights key trends such as high interest in crypto among young, minority, male, and Democratic voters. Significant findings include 97% of likely […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown

May 30, 2024 Bitcoin.com

bitcoin.com

Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an unproductive economy will further weaken the dollar and increase prices. Schiff Warns Against Buying US Dollars Economist and […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Solana Passes Proposal to Assign 100% of Priority Fees to Validators

May 28, 2024 Bitcoin.com

Altcoins

Solana validators have voted to pass Solana Improvement Document number 96 (SIMD-0096), which proposes that 100% of priority transaction fees will be awarded to validators. This breaks the current model that passes only 50% of these funds to validators, while the other half gets burned. According to early estimations, this will increase inflation by 4.6% […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year

May 23, 2024 Bitcoin.com

Bitcoin

David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer behavior, referencing recent reports from McDonald’s and Autozone indicating reduced spending. He […]

inflation

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