Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt and the loss of trust in […] Source: https://news.bitcoin.com/analyst-gold-and-silver-set-to-rally-amidst-a-collapse-of-the-us-financial-system/
Month: May 2024
Losses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance Redefined
The amount stolen through crypto hacks and the number of successful attacks sharply declined in April. Source: https://cointelegraph.com/news/defi-hacks-april-plunge
SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF
The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. Source: https://cointelegraph.com/news/sec-delays-decision-7rcc-eco-bitcoin-etf
Australian court rules against Qoin issuer BPS Financial on 4 charges
Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC. Source: https://cointelegraph.com/news/asic-bps-financial-qoin-token-deception-case
MicroStrategy Orange: Everything You Need to Know About Decentralized ID on Bitcoin
Following through on hints that MicroStrategy would get into Bitcoin software development as the Ordinals craze took off last summer, the company this week announced MicroStrategy Orange, a decentralized identity (DID) platform. The sprawling concept has applications for combating social media bots and spam, authenticating documents, and securing medical records. As the proposed specification for Orange went public on GitHub,…
Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […] Source: https://news.bitcoin.com/report-reveals-hundreds-of-us-banks-at-risk-of-failure-amid-high-interest-rate-environment/
As Bitcoin Pumps, These Altcoins Are Doing Even Better
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The global crypto market cap stands at $2.29 trillion, marking a 3.50% increase over the last day, according to CoinMarketCap. Excluding stablecoins, 96% of the Top…
Time to Buy? MicroStrategy Stock Premium Shrinks After Bitcoin Pullback
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin’s price crunch earlier this week led to a massive correction for crypto and crypto-centric stocks across the board, with MicroStrategy (MSTR) among those hit hardest.…
Saga Reveals First ‘Power-Level Over 9,000’ Airdrop With $10 Million in Tokens
Saga, a layer-1 blockchain with a focus on gaming, recently built up a ton of hype for its mainnet and token launch by running a play-to-airdrop campaign and rewarding DeFi stakers across various networks. But the incentives don’t stop there. Saga is now rolling out its next wave with a colorfully-titled campaign. The “Power-Level Over 9,000” airdrop campaign—named after a…
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
The MicroStrategy executive speculated that the SEC would consider Ether, BNB, Solana, XRP, and Cardano unregistered crypto asset securities. Source: https://cointelegraph.com/news/michael-saylor-sec-ether-security