Month: December 2024

Bukele celebrated the recent bitcoin rally and the $100K milestone, posting a screenshot of El Salvador’s bitcoin investment unrealized gains. Fighting tooth and nail against naysayers, including institutions like the IMF, the leader brought in over $300 million in profits from one of the largest nation-state bitcoin trades. Bukele Shows El Salvador’s Bitcoin Wallet Profits: […] Source: https://news.bitcoin.com/president-bukele-gets-the-last-laugh-over-300-million-in-unrealized-bitcoin-gains/

“Forget flipping tokens,” Binance’s CEO urged, emphasizing blockchain fundamentals, whitepapers, and persistence as key to thriving in crypto’s dynamic, innovation-driven future. Binance CEO Says Forget Flipping Tokens—The Real Game Starts Now Binance CEO Richard Teng has encouraged the cryptocurrency community to prioritize education and deeper engagement with the technology behind digital assets. Posting on social […] Source: https://news.bitcoin.com/binance-ceo-urges-crypto-fans-to-move-beyond-hodling-and-flipping-tokens/

ndia rejects de-dollarization narratives, with the Reserve Bank of India (RBI) prioritizing local currency trade agreements to shield its economy from dollar volatility and global uncertainties. RBI Denies Dedollarization Goals, Focuses on Securing Indian Trade Reserve Bank of India (RBI) Governor Shaktikanta Das clarified India’s stance on global currency discussions during a post-monetary policy press […] Source: https://news.bitcoin.com/dedollarization-is-not-our-objective-india-clarifies-currency-goals/

Peter Schiff warns bitcoin could undermine the U.S. dollar, not by replacing it, but by fueling economic mismanagement through speculative government-backed investments. How Bitcoin Might Topple the Dollar—Peter Schiff Breaks It Down Economist and gold advocate Peter Schiff has raised significant concerns about bitcoin and the U.S. economy as the cryptocurrency’s price hit an all-time […] Source: https://news.bitcoin.com/peter-schiff-warns-bitcoin-could-be-us-dollars-ultimate-downfall/

The cryptocurrency XRP has been on an upward trajectory, recently trading at $2.60 after a 7.3% gain in the past 24 hours. XRP On the 1-hour chart, XRP has been consolidating tightly between $2.55 and $2.65, reflecting reduced volatility. The relative strength index (RSI) is at 75.74, signaling overbought conditions. While the moving average convergence […] Source: https://news.bitcoin.com/all-eyes-on-2-75-xrps-chart-patterns-suggest-major-move-on-the-horizon/

Ripple is racing to launch its highly anticipated U.S. dollar-pegged stablecoin by year’s end, poised to revolutionize digital payments across XRP and Ethereum networks. Ripple’s Stablecoin Race: Will It Beat the Holiday Deadline or Face Delays? Ripple is gearing up for a high-stakes December as it races to launch its U.S. dollar-pegged stablecoin, Ripple USD […] Source: https://news.bitcoin.com/countdown-to-ripples-stablecoin-the-fight-to-meet-year-end-expectations/

This week, the American economist and Nobel laureate Paul Krugman officially stepped away from his role as an opinion columnist for the New York Times. Social media buzzed with criticism, as many voiced sharp opinions about his track record, accusing him of repeatedly missing the mark on economic predictions. From Fax Machine to Bitcoin ‘Bubble’: […] Source: https://news.bitcoin.com/financially-illiterate-social-media-erupts-as-paul-krugman-leaves-new-york-times/