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Investments in Crypto Assets: Exceptionally Risky The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be exceptionally risky. The regulator emphasizes that crypto-related investments are fraught with fraud, including bogus coin offerings, Ponzi and pyramid schemes, and outright theft where project promoters disappear with investors' money. SEC …

The SEC Renews Warning on Risks of Investing in Crypto Assets Read More »

NFT Sales Soar by 57% in the First Week of December In the month of November, non-fungible token (NFT) sales experienced a significant surge, and this trend continued into the early weeks of December. In fact, NFT sales in the first week of December escalated by 57% compared to the previous week, reaching approximately $316 …

The Rise of NFT Sales in Early December: Bitcoin Takes the Lead Read More »

Comparing the Gold and Bitcoin Rallies Europac's chief economist and well-known gold proponent, Peter Schiff, recently discussed the market movements of gold and bitcoin. Schiff pointed out that the pullback in gold prices, after reaching all-time highs last week, created an opportunity for bitcoin prices to increase simultaneously. The Collapse of Bitcoin vs. Continued Rally …

The Gold and Bitcoin Market Movements: Peter Schiff’s Opinion Read More »

Bitcoin Reaches Highest Level in 20 Months On December 5, 2023, the value of bitcoin surged to $44,490 per coin, marking its highest level in 20 months. This recent increase in value has not only benefitted bitcoin but also a multitude of other cryptocurrencies. However, despite significant percentage gains, these digital currencies have yet to …

Bitcoin Hits 20-Month High, Other Cryptos Struggle to Reach Previous Peaks Read More »

The Indian government has recently disclosed that there are currently 28 crypto service providers registered with the country's Financial Intelligence Unit (FIU). In addition, the Ministry of Finance has clarified that the anti-money laundering (AML) guidelines and reporting requirements also extend to offshore cryptocurrency exchanges that cater to the Indian market. Overview of the Ministry …

The Indian Government Reveals 28 Registered Crypto Service Providers Read More »

SEC Is Anything But Infallible Ripple's chief legal officer, Stuart Alderoty, recently expressed his dissatisfaction with the U.S. Securities and Exchange Commission (SEC) on social media. Citing an article from the Wall Street Journal that highlighted the Supreme Court's repeated rulings against the SEC, Alderoty emphasized that the regulator is far from infallible. He described …

Ripple’s CLO Criticizes SEC and Encourages Investors to Stay Strong Read More »

Galaxy Digital CEO's Bullish Bitcoin Prediction Galaxy Digital CEO, Michael Novogratz, is optimistic about the future price of bitcoin. In an interview on Bloomberg TV, he stated that he expects the price to be "significantly higher" once the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). Novogratz believes that the approval …

Novogratz Expects Bitcoin Price to Be ‘Significantly Higher’ After SEC Approves Spot Bitcoin ETFs Read More »

After the market closed on Wednesday, major U.S. indices ended the day without any change, following a previous day's rise. This surge was influenced by the unexpected dovish comments made by Federal Reserve Governor Christopher Waller on Tuesday. Market observers speculate that Waller's remarks indicate a potential shift in the stance of the U.S. central …

Federal Reserve’s ‘Beige Book’ Reveals Bleak Economic Outlook, Experts Warn Central Banks Lack Saving Ability Read More »

Peter Schiff's Latest Economic Warnings Economist Peter Schiff has issued a stark warning, stating that the U.S. dollar is on the brink of a "historic crash." In addition, he emphasized that there will be no gentle landing for the U.S. economy, predicting a scenario of complete collapse. Schiff highlighted several factors that could contribute to …

Economist Peter Schiff: US Dollar Near ‘Historic Crash’ — ‘Forget Soft Landing, It’s Crash and Burn’ Read More »

A recently published working paper, co-authored by industry experts, delves into the critical influence of bitcoin mining in promoting global clean energy efforts and stabilizing electricity grids. This paper explores the utility of mining as a flexible and versatile instrument for large-scale demand response in industries and harnessing unused energy resources. Bitcoin Mining's Role in …

Bitcoin Mining: A Catalyst for Renewable Energy Growth and Flexible Load Systems Read More »