Quick Look
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the...
Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target...
Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week....
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022,...
BRICS to Promote National Currencies Before Issuing Common One
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The...
Jack Dorsey’s nano Bitcoin mining chip heads to prototype
Block, the financial services and technology company owned by former Twitter CEO Jack Dorsey, has announced it has completed the prototype...
SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
The United States securities regulator has handed down nearly $4 million in fines to crypto exchange Coinme for allegedly offering...
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in...
2 reasons why Bitcoin Ordinals are ‘positive’ for BTC: Grayscale
Bitcoin (BTC) Ordinals — also known by some as Bitcoin NFTs — could renew developer enthusiasm for Bitcoin and boost mining fees,...
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a...
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to...
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to...
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase....
Russian Official Expects Agreement on BRICS Currency This Year
The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as...
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week,...
Shiba Inu (SHIB) and Aptos (APT) price outlook as Bitcoin (BTC) tests resistance near $30k
Bitcoin’s dip below $30,000 and subsequent retest of resistance above$29k highlights the past week’s top coins outlook. Shiba...
Litecoin price prediction: can bulls pick up new momentum for LTC?
Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60. While price has rejected twice above $100, the area...
Casper price prediction: what next for CSPR after 60% rally in April?
Casper Network price rose over 60% in April, hitting a high of $0.060. CSPR traded at around $0.059 at the time of writing, about 6% up in...
NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023
Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data...
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points...
Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade
Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536,...
Satoshi’s Last Emails: ‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, and More — Week in Review
Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known...
YouTube helps recover hacked channel that attempted XRP crypto scams
Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP...
‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp)....
Crypto price predictions: Chainlink, Filecoin, Pepe
Cryptocurrency prices had a mixed performance last week as investors focused on the impending collapse of First Republic Bank (FRC)....
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will...
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha...
Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency...
FDIC pins Signature Bank’s failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor...
Bitcoin Network Hits 75% Progress Towards Next Reward Halving
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin...
US Senator Rand Paul Warns of US Dollar Losing Reserve Currency Status — Says ‘It’s Not an Unfounded Prediction’
U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both...
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like...
Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29
Top Stories This Week Circle launches cross-chain USDC transfer protocol Circle launched a cross-chain protocol that enables USDC...
Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to...
Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar...
Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm
This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April,...
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal...
Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took...
What moves the cryptocurrency market?
Bitcoin moves the cryptocurrency market Its dependency on the US dollar increased Bitcoin holders better believe that the US...
Ethereum and Tether – the only cryptocurrencies keeping pace with Bitcoin
Bitcoin makes up about 48% of the total cryptocurrency market capitalization The share rises to 75% if we include Ethereum and Tether...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be...
Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence
A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed...
Putin: US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America
Russia’s president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in...
Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals
A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the...
The Mirror Protocol Unveils Groundbreaking Pre-sale on its Cutting-Edge Dashboard
PRESS RELEASE. Pleasant Grove, Utah – The Mirror Protocol, a trailblazing decentralized finance (DeFi) project, proudly announces...
Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance
At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms....
UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the...
World’s Largest Regional Organization to Switch to Settlements in National Currencies
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its...
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem...
The Bitcoin transition: How hodlers can become changemakers and drive adoption
If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin...
Crypto Stories: Tim Draper tells how his family moved into Bitcoin
Tim Draper, one of the most known Silicon Valley venture capitalists, has played a crucial role in the Draper VC dynasty. Not only because...
Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike bets
Bitcoin (BTC) stayed choppy at the April 28 Wall Street open, while United States macro data conformed to expectations. BTC/USD 1-hour...
UK Treasury seeks input on taxing DeFi staking and lending
The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom, as the...
Price analysis 4/28: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The...
Ojamu Announces “Alphie” Launch – its latest AI-driven Smart Tool for the Blockchain Industry integrated with ChatGPT
Singapore, Singapore, April 28th, 2023, Chainwire “Alphie” bot currently specializes in the hot ZK & Optimistic Rollup...
Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months
As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current...
FTX Boss Ryan Salame’s Maryland Home Searched by FBI in Unexplained Raid
According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S....
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment...
AIGameToEarn Begins Pre-Launch Whitelisting for AI NFTs and a $100k Guaranteed Leaderboard
PRESS RELEASE. Zagreb, Croatia, 28th April 2023, Chainwire AIGameToEarn, an innovative platform combining artificial intelligence and...
Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a...
Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims....
Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’
Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international...
Former FTX exec Ryan Salame’s home searched by FBI: Report
The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny...
Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile
Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need...
Former President Donald Trump Says US Dollar Is Crashing — Warns ‘We’re Very Close’ to World War III
Donald Trump has warned that the U.S. dollar is crashing and soon will “no longer be the world standard.” The former president...
Ether price holds $1,820, but pro traders are skeptical about further gains
The Ether price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a...
Robert Kiyosaki Warns of Economic Chaos, War Breaking Out, Gold Crashing
Rich Dad Poor Dad author Robert Kiyosaki has warned of economic chaos, a war breaking out, hyperinflation, and rising starvation....
China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto...
Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had...
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State...
US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip
Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States gross domestic product (GDP) growth missed expectations....
BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH
As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General...
Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say
A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of...
Binance CEO denies $28B wealth: ‘I don’t have anywhere near as much’
Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to hold a way less net worth than reported by some mainstream...
Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy
Bitcoin (BTC) bulls might be disappointed after the $31,000 resistance proved stronger than expected on April 14. However, looking at a...
Utah DAO Act: How the law was made and what it means for decentralized business
In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to...
Whatever happened to EOS? Community shoots for unlikely comeback
Whatever happened to EOS? After the biggest ICO in history, the former top 10 token now languishes around number 53. But the community has...
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to...
Crypto has a wild day as $300 million liquidated: a story that won’t change soon
Key Takeaways Bitcoin led markets on a ride Wednesday, surging from $28K to $30K before shedding 7% in an hour Surge had come following...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist...
Here’s why MultiversX (EGLD) price just jumped
MultiversX price jumped sharply on Thursday. This happened after Upbit listed the coin in its ecosystem. MultiversX price jumped sharply...
Iskra Ranks #1 on Dapp Radar Setting the Pace for World of Win’s IGO
PRESS RELEASE. Web3 game company Iskra unveils the release of its own launchpad for games, the Iskra Launchpad, with World of Win set to...
BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says
Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev....
A bullish case for Bitcoin should US stocks bounce from here
Bitcoin and the S&P 500 move in a tight correlation The 2023 price action is relevant for understanding the direct correlation If...
Binance Reportedly Removes Restrictions on Russian Users
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled....