De-Dollarization Faltering in Africa Because Citizens Lack Confidence in Their National Currencies
Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents to embrace national currencies without changing economic management practices. People often lose confidence in a currency when a central bank excessively prints money to pay debts and other obligations. De-Dollarization Hype Not Backed by Practical Action Sometime in […]
Surge in Bitcoin Scams Hits Lubbock, Police Warn
Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of money. Over the last few months, 20 to 30 individuals have come forward to report scams involving gift cards and bitcoin transactions. Scammers typically target the elderly, claiming their accounts have been compromised and require verification. Victims […]
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value of Bitcoin blockspace will be treated as an essential scarce commodity. Barefoot Mining […]
Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian […]
Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation
A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation, which is one of the highest among dollarized economies. FUNDE […]
Fake Crypto Recovery Service Operator Arrested and Charged
The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery service, Coin Dispute Network (CDN), that scammed customers out of their ethereum. Lauchlan convinced clients he could recover lost cryptocurrencies but pocketed the fees and took additional ethereum. He was arrested in Las Vegas. Fraudulent Cryptocurrency Recovery Business Operator […]
JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […]
MyStake Hosts 2024 Summer Olympic Games Leaderboard
PRESS RELEASE. Get ready for the 2024 Summer Olympic Games with MyStake’s exciting new promotion: the 2024 Summer Olympic Games Leaderboard! From July 23, 2024, at 11:00 AM GMT to August 12, 2024, at 11:00 AM GMT, you can climb the leaderboard by betting on your favorite Olympic events and compete for a share of […]
Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’
Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]
Ex-Fed Advisor Suggests US Is Already in a Recession as Airbnb Cautions on Economic Slowdown
On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in demand, driven by ongoing economic concerns. Meanwhile, Danielle DiMartino Booth, a former advisor at the […]
