Author: News Room
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he […] Read the full article here
Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction. Besides this latest recovery, the leading asset could see more positive returns in the near future, according to the latest data. Bitcoin Non-Zero Wallet Addresses Drop Santiment’s recent analysis of Bitcoin’s network activity revealed a notable decline in the number of total non-zero coin wallets over the past 10 days, with a net difference of -311K. While this might concern novice traders, the blockchain intelligence platform said that, historically, such declines have coincided with moments of FUD in the…
In what is expected to be a bearish turn for Bitcoin, the world’s first-ever digital currency, a leading crypto market analyst recently spotlighted a significant liquidation ahead for the token as its price regains upward momentum within the broader crypto market. Following recent corrections witnessed by BTC, this statement shared by the analyst promptly gained substantial traction as today’s pump pushed the token nearing the $67.5K mark. Read the full article here
In a significant move within the blockchain and decentralized finance (DeFi) sectors, Renzo, the notable restaking hub for Eigenlayer, has announced its recent integration with Chainlink Price Feeds on the Ethereum mainnet. This strategic collaboration aligns Renzo with the top-tier decentralized computing platform, granting it access to reliable, secure, and tamper-proof price feeds. Such integration is pivotal for Renzo as it seeks to offer users secure and expanded access to superior liquid restaking strategies through ezETH, enhancing the DeFi integration process with industry-standard price data feeds. Renzo’s decision to adopt Chainlink Price Feeds, starting with stETH, is not coincidental. Chainlink…
Ripple partner Onafriq has forged a partnership with Kenyan-based M-PESA for remittances to Ethiopia, hinting at an XRP integration. Onafriq currently operates in 40 African countries, supporting remittances, which have been increasing and playing a major role in empowering the continent. In an effort to make payments easier, Safaricom’s M-PESA has announced a collaboration with Onafriq to facilitate remittances to Ethiopia. It is estimated that Ethiopia generates more than $5 billion in remittances annually. This partnership will give international customers an easy and fast, formal channel to send money to their loved ones in Ethiopia. Ripple partner Onafriq boasts 500…
The SEC’s investigation into Ethereum includes requiring companies to provide any documents and financial records related to their interactions with the Ethereum Foundation. The non-profit ETH Foundation is responsible for overseeing the management and development of the Ethereum blockchain. Sources from companies that have recently received subpoena requests reveal that the SEC’s investigation into the Switzerland-based Ethereum Foundation began shortly after the blockchain switched to a new governance model known as “proof-of-stake” in September 2022. The subpoenas are narrowly defined and focus on the Ethereum Foundation. “The SEC does not comment on the existence or absence of a potential investigation,”…
Oliver Sleafer previously served as head of liquidity management in APAC for Stripe and Credit Suisse. Backpack was founded by two alums of Sam Bankman-Fried’s collapsed crypto empire. The crypto exchange recently raised $17 million in Series A funding at a $120 million valuation. Backpack, the crypto exchange founded by former FTX and Alameda executives, has appointed Oliver Sleafer as its new chief financial officer (CFO). Sleafer joined Backpack last October as its head of treasury. Two years ago, he was head of liquidity management in the Asia-Pacific region for payments company Stripe, having spent the previous five years in…
Amid growing economic uncertainties, American economist, staunch gold advocate, and prominent Bitcoin (BTC) skeptic, Peter Schiff, has shared his view that the most substantial impending commodity boom since the 1970s is coming and warned of potential double-digit inflation by 2025. Specifically, Peter Schiff has sounded the alarm on an impending surge in commodities prices, pointing to a chart of the Commodity Research Bureau (CRB) index, predicting that the world is on the cusp of the largest commodity bull market since the inflationary era of the 1970s. Peter Schiff’s inflation observations Indeed, the CRB index, which keeps track of 19 commodities…
Google has agreed to pay a fine imposed by the French government’s competition authority. The decision resulted from a breach of European Union intellectual property laws. The debate is focused on Google’s AI service, which was formerly dubbed Bard and is now known as Gemini. It is accused of using content without authorized permission from French publishers and news agencies. These concerns were highlighted by the French competition watchdog, which initiated a comprehensive inquiry. Read the full article here
Yi He, cofounder of Binance, the world’s largest cryptocurrency exchange, has issued a warning to the crypto community regarding the prevalence of scams on Telegram, a popular messaging platform widely used by cryptocurrency enthusiasts. He cautions the crypto community in a tweet, saying, “I never discuss investments and listings with project parties. My Telegram name is not Yi He. Please note that on Telegram, the bio allows for the use of the same username as yours, which can then be used for scams.” I never discuss investments and listings with project parties. My Telegram name is not Yi he. Please…