Author name: Peter

The U.S. Federal Reserve Keeps Rates Unchanged, Bitcoin Remains Steady

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Introduction On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) expressed that it does not anticipate reducing the target range until it has gained more confidence in inflation reaching the 2% mark. While benchmark equity indices experienced declines, the […]

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Gold Roth IRA | Gold Roth IRA Rollover | Gold Investing In IRA’s | IRA Transfer

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Self-DirectedGold IRAs are fantastic because they allow you to put money into precious metals without having to engage any middlemen. These accounts are so simple that your grandma could do it! If you purchase physical silver, gold palladium, platinum, the rhodium coins, bars rounds and bullion, you get instant liquidity. If you’re looking to diversify

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SEC Drops Fraud Case Against Crypto Company Debt Box Due to Inaccuracies in Court

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The U.S. Securities and Exchange Commission (SEC) has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This surprising move comes after the SEC admitted to presenting misleading information in court, which undermines the agency's case and credibility. SEC Acknowledges Inaccuracies in Court The SEC had

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Robert Kiyosaki: Bitcoin Safeguards Against Theft by the Fed, Government, and Wall Street Bankers

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Introduction Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has revealed why he is a bitcoin owner. According to Kiyosaki, bitcoin offers protection against the "theft of our wealth via our money." He has raised concerns about the Federal Reserve, government, and Wall Street bankers, accusing them of stealing wealth through

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Game Theory of Financial Crime: Policy Takeaways from Bitcoin

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Shifts in Illicit Actors' Use of Cryptocurrency Significant shifts are occurring in the world of illicit actors using cryptocurrency, with Bitcoin no longer being their asset of choice. According to a 2023 report by TRM Labs, the distribution of illicit crypto volume has been greatly impacted by the multi-chain era. Bitcoin's share has plummeted from

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China Emerging as Surprising Source of Bitcoin Demand

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The Growing Demand for Bitcoin Last week, I discussed the significant buying pressure on Bitcoin and the various sources of potential demand in the market. While Bitcoin ETFs, MicroStrategy's increased shares, Tether's constant buying, and the upcoming halving are expected to drive demand, there is another unexpected player entering the scene – China. The Changing

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Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market

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Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the fierce competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). This decision,

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Bona Fide Wealth President Defines Bitcoin as ‘Digital Gold,’ Discusses Showdown Between Crypto Natives and Traditional Finance

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Bitcoin: A Digital Store of Value Douglas Boneparth, the president and founder of Bona Fide Wealth, recently shared his perspective on bitcoin, likening it to digital gold or a store of value in the digital realm. In a discussion with Bloomberg's senior ETF analyst, Eric Balchunas, on the "Bloomberg ETF IQ" show, Boneparth described bitcoin

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BlackRock’s Spot Bitcoin ETF Volume Topping GBTC Today, Signaling Market Shift

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BlackRock's spot Bitcoin ETF is surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume today, indicating a potential shift in the market. Bloomberg ETF analyst James Seyffart reports that this is the first time BlackRock's ETF has outpaced GBTC since its launch. Slow Down in Outflows for Grayscale's ETF The increasing volume of

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Hong Kong Strengthens Regulation for OTC Crypto Market

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Hong Kong's Focus on OTC Crypto Market Regulation Hong Kong is taking steps to regulate over-the-counter (OTC) cryptocurrency trading, as per local sources. Joseph Chan Ho-lim, the Under Secretary for Financial Services and the Treasury, has stated that the government aims to address the risks associated with virtual assets, particularly with the increasing interest of

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