Author name: Peter

DO NOT MAKE THIS ROTH IRA MISTAKE #investing #money #retirement #cash #rothira

Self-DirectedGold IRAs are great because they let you put money into precious metals without having to engage any middlemen. They are so easy that even your grandma could do it! If you purchase physical gold, silver platinum, palladium and the rhodium coins, bars rounds, and bullion, you get instant liquidity. However, if you wish to […]

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Bank of China Completes First Precious Metal Digital Yuan Settlement

The Bank of China's Shanghai branch has achieved a significant milestone by completing the first-ever settlement of precious metals using the digital yuan. Local media reports indicate that the transaction, which was finalized on December 19, allowed the Shanghai Gold Exchange to successfully conclude a $14 million precious metal trade after receiving funds from overseas.

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Understanding Bitcoin’s Record-Breaking Surge and its Implications for Investors

Bitcoin, the pioneering cryptocurrency, has recently skyrocketed to an all-time high exceeding $72,000, capturing the attention of investors worldwide. This surge has sparked a renewed interest in Bitcoin as an investment opportunity, prompting individuals to contemplate its significance for their financial future. The Volatility Conundrum: Navigating Market Dynamics and Risks Despite its meteoric rise, Bitcoin

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New York Department of Financial Services Issues New Standards for Virtual Currency Listings and Delistings

Introduction The New York Department of Financial Services (NYDFS) has recently released new regulations regarding virtual currency (coin) listings and delistings. These regulations apply to Bitlicensees and limited-purpose trust companies and include various business model considerations, risk assessment expectations, and advance notification requirements. VCE Coin-Listing Policies Under the latest guidance, virtual currency entities (VCEs) with

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MicroStrategy’s Michael Saylor’s Buyout Offer to Shareholders Preceded Bitcoin Purchase

Michael Saylor encountered challenges before successfully incorporating Bitcoin into MicroStrategy's balance sheet in 2020. During the 2024 Abundance360 Summit, Saylor disclosed his offer to buy out MicroStrategy shareholders through a Dutch action when they initially aimed to acquire $250 million worth of Bitcoin. Saylor's Offer to Shareholders At the recent summit, Saylor shared how he

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Alchemy Pay Partners with Worldpay to Enhance Crypto Payment Experience

Alchemy Pay, the leading fiat-crypto payment gateway, has recently announced its partnership with Worldpay, a renowned payments processing firm. This collaboration aims to provide Alchemy Pay users with improved efficiency and customer experience when using their credit and debit cards for cryptocurrency trading. Accessing Worldpay’s Visa and Mastercard Payment Rails With the integration of Worldpay's

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The Nigerian Naira Hits Record Low Against the US Dollar: Central Bank Governor Expects Stabilization in 2024

Record Low Exchange Rate On December 19, the official exchange rate of the Nigerian currency, the naira, reached a record low of 1,248 naira for every US dollar. However, it managed to recover slightly and closed the day at 845 naira per greenback. This depreciation almost matched the rates offered on the parallel market for

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