Author name: Peter

Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing

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U.S. Treasury Secretary Janet Yellen believes that inflation has significantly decreased, but there is still work to be done for the Federal Reserve to reach its 2% inflation target. She explained that the central bank faces two risks: the possibility that inflation does not decrease to their target as planned, and the risk of the […]

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Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Reach New Highs

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Crypto Asset Manager Bitwise Releases 10 Crypto Predictions for 2024 Crypto asset manager Bitwise has recently published a report titled "The Year Ahead: 10 Crypto Predictions for 2024." The firm, known for its crypto index fund BITW, offers a range of crypto-focused investment products, including exchange-traded funds (ETFs) and non-fungible tokens (NFTs). Prediction 1: Bitcoin

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Lolli Raises $8 Million in Series B Funding for Crypto Rewards Market Expansion

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Lolli Secures $8 Million for Crypto Rewards Market Expansion Lolli, a leading player in the bitcoin and cashback rewards industry, has successfully closed an $8 million Series B funding round. The round was led by Bitkraft Ventures, with participation from a mix of new and returning investors. Diverse Group of New Investors This latest funding

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The Federal Reserve Maintains Current Rates, Eyes Potential Reductions in 2024

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Financial Benchmarks Display Bullish Trend After FOMC Announcement Following the recent session of the Federal Open Market Committee (FOMC), the Federal Reserve has decided to keep interest rates unchanged. This decision has sparked a positive reaction in the market, driven by the expectation of rate reductions in 2024 and influenced by Fed Chair Jerome Powell's

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The Power of Bitcoin: Wealth Preservation and Real Estate in Africa

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Introduction Money is a form of energy. We expend energy to do work and are rewarded with monetary energy. In a world filled with instability and chaos, preserving monetary energy becomes crucial. When it comes to wealth preservation and store of value, Bitcoin is a better choice compared to real estate, especially in the Nigerian

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World’s Largest Oil Company Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets

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Saudi Aramco, the biggest oil and gas company in terms of market capitalization, has joined forces with SBI Holdings, a financial services group from Japan, to explore the possibility of collaborating on investments in digital assets. SBI Holdings is also considering the establishment of a subsidiary in the Middle East to expand its presence in

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Bitcoin Technical Analysis: Key Indicators Point to a Consolidation Phase

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Analyzing Bitcoin's Oscillators Bitcoin's current market stance can be better understood by analyzing its oscillators. As of December 13, 2023, the relative strength index (RSI) stands at 56, the Stochastic at 54, and the commodity channel index (CCI) at 18. These indicators align in a neutral zone, indicating a balanced market sentiment without any prevailing

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The U.S. Consumer Price Index (CPI) Sees Modest Rise in November

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In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to the gradual rise in expenses for housing and food. Energy

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Skybridge Founder Predicts Bitcoin’s Multi-Trillion-Dollar Future

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Skybridge Capital Founder Sees Bitcoin as a Store of Value Asset Skybridge Capital founder Anthony Scaramucci discussed the future of bitcoin in an interview with Bloomberg, expressing his belief that bitcoin has the potential to become a multi-trillion-dollar asset. He emphasized that bitcoin is a store of value asset and compared it to digital gold,

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