Month: September 2024

BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without relying on currencies used as political tools by Western powers. The Russian official noted increasing interest in these platforms as a way […] Source: https://news.bitcoin.com/brics-payment-platforms-gain-momentum-as-us-dollar-alternatives-says-russian-official/

During the launch event for his World Liberty Financial crypto platform, former U.S. President Donald Trump said that he believes U.S. crypto builders under investigation by the Securities and Exchange Commission “will be living in hell” if he is not elected for a second term this November. “If we don’t win the election, those people that were under investigation and…

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Economist and gold advocate Peter Schiff has issued a strong warning that the Federal Reserve is on the verge of repeating its past policy errors. He explained that the Fed’s anticipated actions, particularly interest rate cuts, “will be followed by a return to QE, another repeat mistake that will engender more debt and send consumer […] Source: https://news.bitcoin.com/peter-schiff-fed-is-about-to-make-major-policy-mistake-that-will-crush-us-dollar-reignite-inflation/

Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that gold has gained over 24% this year, driven by increased investment demand, and expects […] Source: https://news.bitcoin.com/ubs-expects-higher-gold-prices-as-us-dollar-weakens-golds-rally-has-further-to-run/

The largest Bitcoin mining companies are steadily claiming greater dominance over Bitcoin’s network security, even though their stock performance this year might not suggest such success. JP Morgan analysts summed up the current state of the market in their “September ’24 Bitcoin Mining Halftime Report” published Monday, noting that publicly listed U.S. mining companies saw their piece of the network…

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On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to […] Source: https://news.bitcoin.com/microstrategy-announces-700m-private-offering-for-debt-buyback-and-bitcoin-acquisition/

Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow.  Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after a period of outflows where investors cashed out $1.2 billion…

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A 64-year-old man paralyzed by ALS was able to communicate via his thoughts to his smart devices using a new type of brain implant that avoids potentially risky brain surgery. The man, identified only as “Mark” in a YouTube video uploaded Monday by Synchron, a New York-based company that makes the brain-computer interface, was apparently able to control a range…

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