Author name: Peter

Introduction In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Surge in NFT Sales This past week's NFT sales amounted to approximately $316 million. Despite this surge, the volume of buyers and […]

Saudi Aramco and SBI Holdings Partner to Explore Investment Opportunities Saudi Aramco, the largest oil and gas company in terms of market capitalization, is considering investing in digital assets. The company, with a market cap of over $2 trillion, has signed a memorandum of understanding (MOU) with SBI Holdings, a financial services group based in

Analyzing Bitcoin's Market Stance Bitcoin's price currently stands at $41,197, with various technical indicators providing insights into its market position. Over the past 24 hours, the cryptocurrency has traded between $40,712 and $41,957, indicating cautious optimism among traders. Oscillators and Market Sentiment Examining bitcoin's oscillators, we find that the relative strength index (RSI) is at

Rebel Satoshi, the meme coin on a community-driven mission to unite the silent majority and secure a $100 million market cap, has achieved tremendous success in its initial fundraising rounds. Since November 5th, the project has attracted $500,000 in funding. The Early Bird Round sold out in just 3 weeks, followed by the quick sell-out

In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, experienced a modest increase of 0.1%. This rise is consistent with an annual increase of 3.1%. While the growth in prices is relatively small, it reflects subtle shifts in the economy. Energy costs have decreased, while expenses for housing and food have

Skybridge Capital Founder Sees Bitcoin as a Store of Value Asset Skybridge Capital founder Anthony Scaramucci recently discussed the future of bitcoin in an interview with Bloomberg. He expressed his belief that bitcoin has the potential to become a multi-trillion-dollar asset, independent of the U.S. Securities and Exchange Commission's decision on a spot bitcoin exchange-traded

A Turning Point: Cold War II? The International Monetary Fund (IMF)'s first deputy managing director, Gita Gopinath, delivered a speech at the 20th World Congress of the International Economic Association in Colombia where she discussed the possibility of a new Cold War. Drawing parallels between the past and present, Gopinath highlighted the growing tension between

Google Requires Certification for Advertisers Starting on January 29, 2024, advertisers targeting the U.S. market with cryptocurrency coin trusts will need to meet specific requirements set by Google. Advertisers must apply for and obtain a certificate issued by Google before promoting their offerings to the public. Google defines cryptocurrency coin trusts as financial products that

Market Participants Anticipate Fed's Decision Market participants, including both investors and traders, have their attention keenly set on the upcoming Federal Open Market Committee (FOMC) meeting, slated for Dec. 13, 2023. There is widespread speculation about whether Fed Chair Jerome Powell will continue to uphold the current elevated benchmark interest rate. Concurrently, Jim Grant, renowned

Krugman Accused of Spreading Disinformation Steven Hanke, an applied economics professor at Johns Hopkins University, has criticized Paul Krugman, a fellow economist and Nobel laureate, for his claim that inflation is a "global phenomenon." Hanke took to X (formerly Twitter) to express his disagreement with Krugman's latest op-ed article in the New York Times, referring