Author name: Peter

India’s De-Dollarization Efforts Hindered by Rupee Repatriation Concerns

Introduction India's attempt to pay for oil with rupees as part of its de-dollarization strategy has faced obstacles as suppliers express concerns about repatriating their funds. The country's Oil Ministry recently admitted that the initiative has failed to gain traction due to the perceived high costs of converting rupees and potential risks associated with exchange […]

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Peter Schiff’s 2024 Economic Predictions: Recession and High Inflation Looming

The Economy Crash and the Return of High Inflation Economist Peter Schiff has shared some predictions for 2024, and they paint a grim picture for the U.S. economy. According to Schiff, not only will the economy crash into a recession, but high inflation will also make a comeback with a vengeance. These predictions come at

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Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue

Ricardo Spagni Calls on Binance to Stand for Privacy Coins Ricardo Spagni, the former lead maintainer of Monero, one of the most widely used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni believes that Binance's avoidance of taking sides in this matter

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Bitcoin ETF Mania and Nigeria’s New Stance on Crypto to Drive the Industry’s Revival in Africa ─ Experts

The anticipated approval of bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) and Nigeria's decision to lift restrictions on the crypto industry are expected to reignite interest in cryptocurrencies among African users. Additionally, the upcoming Bitcoin halving event in April 2024 is likely to play a crucial role in shaping the

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Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales

Bitcoin Continues to Dominate NFT Sales With $853 Million in December In November, Bitcoin claimed the top spot in monthly non-fungible token (NFT) sales, and in December, it maintained its position by achieving a remarkable $853 million in sales. This demonstrates Bitcoin's strong presence and influence in the NFT market. NFT Sales Surge, December Sets

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The Decline of BONK: A Look at the Recent Performance of the Meme Coin

The meme coin phenomenon has taken the cryptocurrency world by storm, with BONK (BONK) capturing the attention of users on the Solana network. However, in recent weeks, the cryptocurrency has witnessed a significant decline, raising questions about its future trajectory. A Steep Decline In the past fortnight, BONK has experienced a 41% drop in value,

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The DOJ’s Decision Not to Pursue Second Trial Against FTX Founder Sam Bankman-Fried Sparks Outrage

Outrage in the Crypto Industry The U.S. Department of Justice (DOJ) has opted not to proceed with a second trial against Sam Bankman-Fried (SBF), the disgraced founder of FTX. This decision has sparked outrage within the crypto industry, with Coinbase, a prominent crypto exchange, labeling it a "miscarriage of justice." A Controversial Move The decision

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Vaneck Director Calls SEC’s Cash-Only Requirement for Bitcoin ETFs “Nonsense”

Gabor Gurbacs, the Director of Digital Assets Strategy at asset management firm Vaneck, has criticized the U.S. Securities and Exchange Commission (SEC) for its cash-only requirement for spot bitcoin exchange-traded funds (ETFs). In a post on social media platform X, Gurbacs called the requirement "nonsense" and stated that it should not restrict bitcoin ETFs to

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Ark Invest CEO Cathie Wood Foresees Widespread Institutional Involvement in Bitcoin ETFs

Ark Invest CEO's Optimistic Outlook on Bitcoin ETFs Cathie Wood, the CEO of Ark Investment Management, believes that institutional investors will embrace spot bitcoin exchange-traded funds (ETFs) once they are approved by the U.S. Securities and Exchange Commission (SEC). In a recent interview with Yahoo Finance, Wood expressed her perspective on the potential impact of

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