Author: News Room
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…
Xai, the gaming-centric Ethereum network built on Arbitrum scaling technology, could add a heap of games by year’s end thanks to a new collaboration with a prominent indie gaming curator called The MIX. The MIX, or The Media Indie Exchange, says that it could launch more than 100 games on the layer-3 Xai network before the end of 2024 and that we should see the first of those games live within 60 days. No games have been confirmed yet, however, as they will be announced individually. “We already have a number of games confirmed and a large pipeline of games…
Grayscale’s spot Bitcoin ETF saw an unprecedented outflow of more than $640 million on March 18. This marks the largest single-day outflow since the fund’s conversion from a closed-end fund to a spot ETF on January 11. According to data from Farside Investors, Grayscale’s Bitcoin ETF experienced a staggering $642.5 million in outflows on March 18. Simultaneously, inflows into the second-largest fund, Fidelity’s Bitcoin ETF, hit a record low of just $5.9 million. The combination of these events led to a net outflow of $154.3 million for spot Bitcoin ETFs. The price of Bitcoin has been under pressure in recent…
Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by Santiment, Chainlink, Cardano, and Polkadot lead the pack with the most significant github activity over the past 30 days. This metric, an indicator of non-redundant project contributions and enhancements, positions these digital assets as key players in the blockchain innovation race. Chainlink, Cardano, Polkadot Stand Out Chainlink, known for its decentralized oracle network facilitating smart contracts, has shown remarkable development efforts. Analyst Michaël van de Poppe highlighted Chainlink’s recent successful retest of support levels, suggesting an optimistic trajectory for its value.…
“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […] Read the full article here
The current CEO of FTX, John Ray, has disputed the former CEO Sam Bank Fried’s assertion that there was “zero” harm to customers during the platform’s collapse in 2022, labeling the claim as “reckless” and “false.” Ray’s criticism follows Bankman-Fried’s conviction in November for embezzling $8 billion from FTX customers. John Ray Challenges SBF’s Defense Strategy The former CEO’s defense strategy has relied heavily on the notion that since there might be a chance of customer reimbursement through bankruptcy proceedings, his actions should not be considered theft. “I can assure the Court that each of these statements is categorically, callously,…
In cryptocurrency, especially Bitcoin, wallet activity often indicates market sentiment and price movements. Bitcoin wallet activity has dropped in the last 10 days. This has traders and analysts talking and speculating. This trend may worry new investors, but historical data suggests a deeper meaning. The number of Bitcoin non-zero coin wallets has dropped by -311,000, according to Santiment data. This drop means fewer people are trading Bitcoin, which can be scary for beginners. History shows that wallet activity drops during market FUD (fear, uncertainty, and doubt). 👋🐟 Over the past 10 days, a net difference of -311K total non-0 coin…
XPUNKS, the creators of the first NFT series on the XRP Ledger, have announced a move to rival blockchain Solana. The XPUNKS team communicated this move in a recent post on X, heralding the entry into Solana as a New Beginning. New Beginnings @solana pic.twitter.com/MolY6k84ON — XPUNKS (@XPUNKNFTs) March 19, 2024 Questions have emerged on whether they plan to completely leave the XRPL or facilitate a multi-chain approach. When asked, they noted that they had built a bridge. The team has failed to provide specific details on the decision but noted that it is organizing an Ask Me Anything session…