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Latest News Stories

Money

With an 'Aggressive' Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions – Market Updates Bitcoin News

This Wednesday, Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively.See the Story
Recession

Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip' – Bitcoin News

Peter Schiff, the chief economist and lead strategist at Euro Pacific Capital and founder of Schiffgold, has made some dire predictions about bitcoin, ether, and the crypto market in general. He tweeted that bitcoin is poised to crash to $20K while ether will sink to $1K. Schiff stressed that the need to sell bitcoin to pay the bills will only get worse as the recession deepens.See the Story
Economy

Just Above $1 Trillion — Crypto Economy's Value Slips Lower Than the Lows Recorded Last July – Markets and Prices Bitcoin News

The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. The top ten digital currencies are down between 4% to 15% during the last seven days. The last time the entire crypto-economy was valued this low, was the first week of February 2021.See the Story
Stock Markets

Kevin O'Leary Says He Won't Sell Any Crypto Despite Downturn – 'You Just Have to Stomach It' – Markets and Prices Bitcoin News

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn.See the Story
Bitcoin

US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts – Regulation Bitcoin News

U.S. Senator Tommy Tuberville (R-AL) introduced the Financial Freedom Act Thursday. The bill would prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans. In March, the Department of Labor issued guidance warning employers and investment firms against allowing cryptocurrency investments in 401(k) accounts.See the Story
Bitcoin

American Economists Are Baffled by an 'Unusual Situation' as Russia's Ruble Is the World's Best Performing Fiat Currency – Economics Bitcoin News

The Russian ruble has recorded record highs against the eurozone's euro and the U.S. dollar. The increase in commodity prices has been attributed to the ruble's resiliency. American economists are baffled by the unusual situation because a country facing stiff sanctions typically sees its fiat currency decline in value.See the Story

Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users – Bitcoin News

Polygon has revealed a new project called Supernets after launching Polygon Edge last year. Supernets allows developers to build custom networks without all the costs associated with servers. In order to increase awareness and adoption, Polygon has further revealed it is allocating $100 million to early Supernet users.See the Story
Money

Report: South African University to Issue Blockchain-Based Certificates to Graduating Students – Blockchain Bitcoin News

The University of Johannesburg has said it will issue blockchain-based certificates to its graduates starting this year. According to the report, each qualification document issued by the university will have a QR code which will be used to verify its authenticity. University administrators said the move will help prevent fraud and end the production of fake documents.See the Story
Inflation

EU Regulator Warns Soaring Inflation Could Drive Investors to Crypto — Calls for Unified Regulatory Framework – Regulation Bitcoin News

The European Securities and Markets Authority (ESMA) has warned that soaring inflation may drive retail investors into cryptocurrencies. The regulator has also called for a formal legal framework to govern the crypto industry across all EU countries. The European Parliament and the European Council are currently considering the Markets in Crypto Assets (MiCA) bill.See the Story

Jack Dorsey Claims if 'You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure' – Bitcoin News

Twitter co-founder and Block CEO Jack Dorsey tweeted harsh criticism of the world's second-largest cryptocurrency. Dorsey is a proud Bitcoin maximalist and says all other cryptocurrencies don't factor in at all. Before leaving Twitter last November, he had wanted to design a decentralized standard for social media platforms to conform to.See the Story
Recession

Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn't Be Surprised if Stocks Fell 40% – Economics Bitcoin News

Goldman Sachs chief economist Jan Hatzius said the odds of a recession are roughly 15% in the next 12 months and 35% within the next 24 months. The renowned financial expert John Mauldin said he would not be surprised if the stock market crashed by 40%. Hedge fund manager Michael Burry believes the U.S. Federal Reserve has no intentions of fighting inflation.See the Story

Harmony Protocol Offers $1M Bounty to Return $100M Stolen Assets

The Horizon Bridge to the Harmony Layer-1 chain suffered an attack that caused the theft of over $100 million in assets. The network announced to the public on Twitter that it has begun investigating the incident with the assistance of national authorities. The reward is also for the hacker to share information on how the attack happened. No criminal charges will be taken against the hackers if the funds are returned.See the Story

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