Author name: Peter

Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco has reached a $21 million settlement to resolve a lawsuit concerning its crypto lending practices. The subsidiary of Digital Currency Group, Genesis, faced allegations from the SEC for the unregistered offer and sale of securities through its Gemini Earn program. The proposed […]

A Shockwave Hits the Banking Sector Following the U.S. central bank's decision to maintain the federal funds rate, the commercial real estate market experienced turbulence that sent shockwaves through the country's banking sector and beyond. New York Community Bancorp witnessed a significant 13% decline, while Japan's Aozora Bank plunged to its lowest point in eight

Insights from a Recent International Survey A recent international survey conducted by Bitget has shed light on the hopeful perspective of the crypto market. The survey gathered insights from nearly 10,000 individuals across various regions, including West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. The results of the survey indicate that

The U.K. Metropolitan Police have reportedly confiscated over 61,000 bitcoins from a massive Chinese investment scam. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole approximately $6.4 billion from more than 128,000 investors. British Police Seize Over 61,000 Bitcoins The U.K. Metropolitan Police have seized more than 61,000 bitcoins

Economist Peter Schiff believes that the recent decision by Federal Reserve Chairman Jerome Powell to take the March rate cut off the table may actually increase the probability of a rate cut happening in March. Schiff argues that the Federal Reserve's role is to create inflation and then pretend to combat it. He emphasizes that

Tether, the leading stablecoin issuer, has announced today the results of its audit, conducted by renowned auditing firm BDO. The audit report reveals that Tether holds over $2.8 billion worth of Bitcoin, solidifying its strong financial position in the market. Audit Confirms Tether's Financial Standing The recently published audit report provides a comprehensive analysis of

Fed Maintains Federal Funds Rate On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to keep the federal funds rate unchanged. The Federal Open Market Committee (FOMC) also stated that it does not expect to lower the target range until it is more confident that inflation is steadily approaching the 2% mark.

The U.S. Securities and Exchange Commission (SEC) has decided to abandon its lawsuit against Debt Box, a crypto company that was accused of defrauding investors of millions. This surprising move comes after the SEC admitted to presenting misleading information in court, which has significantly undermined the agency's case and credibility. SEC Requests Dismissal of Lawsuit

In his latest revelation, Robert Kiyosaki, the prominent author of the best-selling book Rich Dad Poor Dad, explains why he has chosen to invest in bitcoin. According to Kiyosaki, bitcoin serves as a protective measure against the continuous theft of wealth orchestrated by the Federal Reserve, the government, and Wall Street bankers through inflation, taxation,

Introduction Bitcoin, the leading digital currency by market cap, displayed interesting market dynamics on January 29, 2024. Within the last hour, the value of Bitcoin fluctuated between approximately $41,950 and $42,069, indicating a narrow trading range. This article will analyze various indicators and provide insights into the current state of the market. Bitcoin Market Overview