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Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

Peter Schiff Predicts Gold Could Soar to 0,000 as US Dollar WeakensEconomist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential […]

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Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack

The price of Bitcoin fell about $4,000 after Iran fired some 180 ballistic missiles at Israel, escalating the conflict in the Middle East. 

Update (Oct. 2 at 5:40 am UTC): A previous version of this article suggested Larry Fink’s comments about Bitcoin as an inflation hedge on Fox Business was recent. This has been amended to reflect the correct date.

Commodities including gold and crude oil rose as the specter of war looms in the Middle East. Still, Bitcoin is moving in the opposite direction, leading to renewed debate over whether it’s a safe-haven asset. 

Gold prices gained 1.4% on the day to reach $2,665 per ounce on Oct. 1, just shy of its all-time high, according to Goldprice.org. Meanwhile, crude oil prices spiked as much as 7% to reach $72 per barrel.

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’

JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks on oil tankers and the ongoing Ukraine-Russia war. Dimon cautioned against over-optimism about the U.S. economy, advising a more […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets

EU to Send Ukraine 1.4 Billion Euros From Frozen Russian AssetsThe European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report

Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report

The founder of the decentralized finance (DeFi) protocol Curve (CRV) reportedly stared at the prospect of getting liquidated as the altcoin market collapsed during the weekend. According to crypto reporter Colin Wu, Curve founder Michael Egorov faced liquidation in his lending positions after Curve’s native asset dipped to $0.42. “Curve founder Michael Egorov also faced […]

The post Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions

Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East TensionsOn April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing the fundamentals in the context of a potentially intensifying military conflict. Community Reacts […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report

Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at ,000,000,000: Report

Authorities from the US and UK are reportedly investigating $20 billion worth of crypto assets sent to a Russian crypto exchange platform. According to a new report by Bloomberg, anonymous sources familiar with the incident say that officials from the US and UK are looking into the matter as part of a crackdown effort against […]

The post Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Robert Kiyosaki Warns: Brace for Worsening Banking Crisis, War, CBDC Surveillance

Robert Kiyosaki Warns: Brace for Worsening Banking Crisis, War, CBDC SurveillanceRich Dad Poor Dad author Robert Kiyosaki has warned investors of an escalating banking crisis, increasing threat of war, and the potential use of central bank digital currencies (CBDCs) for surveillance purposes by central banks. “Central banks will push for CBDC … to SPY on us,” he cautioned. Robert Kiyosaki on Banking Crisis, War, CBDCs […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bitcoin is of ‘national strategic importance’ says US Space Force officer

U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.

The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force.

In a four-page letter to the U.S.

“As a result, this misconception underplays the technology’s broad strategic significance for cybersecurity, and consequently, national security.”

The Defense Innovation Board is an independent advisory board set up to bring the technological innovation and best practices of Silicon Valley to the U.S.

Lowery used the letter to urge the board to advise the Secretary of Defense to investigate the "national strategic importance” of PoW systems like Bitcoin.

In his letter, Lowery explained that a proof-of-work system like Bitcoin could work to deter adversaries from cyberattacks due to the “steep costs” of a physically resource-intensive computer in the same way military assets help to deter military attacks against the country.

“Proof-of-work mirrors the physical security and deterrence strategies utilized in other domains like land, sea, air, and space,” but instead, it does it in the digital domain, Lowery explained.

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IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions

IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade SanctionsThe U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin