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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

Robert Kiyosaki Doubles Down on Crash Warning Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has issued a stark warning about the possibility of the biggest crash in history. He highlights the bankruptcy of the U.S. banking system and predicts that the S&P 500 will soon collapse, resulting in significant losses

Introduction The World Gold Council (WGC) has recently published its 2024 Gold Outlook report, which examines the potential behavior of the gold market in the coming year. This report takes into account various scenarios and provides insights into how gold might perform in each situation. Expected Scenario: Soft Landing The most likely scenario that the

Introduction China and Singapore have joined forces to launch a pilot project that allows tourists from both countries to utilize China's central bank digital currency, known as the digital yuan. This initiative aims to enhance convenience for travelers when making purchases during their overseas trips. The Monetary Authority of Singapore (MAS) announced the collaboration, which

Cardano and Avalanche Record Substantial Rises Market statistics reveal that two specific cryptocurrencies, cardano (ADA) and avalanche (AVAX), have shown significant gains in the past week, outperforming other top 20 digital assets. In the previous seven days, avalanche has surged by 48.7%, while cardano has seen an increase of 50.4% against the U.S. dollar. Top

The U.S. Securities and Exchange Commission (SEC) Highlights the Risks The U.S. Securities and Exchange Commission (SEC) has once again issued a warning about the exceptionally risky nature of investments in crypto assets. The regulator emphasizes that investing in crypto-related assets continues to be fraught with fraud, including scams such as bogus coin offerings, Ponzi

Introduction Several U.S. lawmakers have taken a bipartisan approach to combatting terrorism financing by proposing a bill that would impose sanctions on foreign entities, including cryptocurrency platforms, that facilitate financial transactions for terrorist organizations. The legislation, known as the Terrorist Financing Prevention Act of 2023, aims to equip the Treasury Department with additional resources to

Gold Achieves Record High, but Bitcoin Steals the Spotlight Gold recently reached a record high of $2,117 per troy ounce on December 3, 2023. However, despite this unprecedented peak, its price per ounce has decreased by 5.33% in the previous week. In contrast, bitcoin, the leading cryptocurrency in terms of market capitalization, has experienced a

Asset Management Firm Vaneck Shares 15 Crypto Predictions for 2024 Asset management firm Vaneck has recently revealed its 15 crypto predictions for the year 2024. These predictions cover a range of topics, including the arrival of a US recession, the approval of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and