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Robert Kiyosaki Says 'We Are in Global Recession' — Warns of Soaring Bankruptcies, Unemployment, Homelessness – Economics Bitcoin News
Robert Kiyosaki, author of Rich Dad Poor Dad, says we are in a global recession. Warns of soaring bankruptcies, unemployment, and homelessness. However, he noted that there is good news for investors looking for bargains. He has regularly warned about the state of the U.S. economy while recommending investors buy gold, silver, and bitcoin.See the Story
US Lawmaker Sets Priorities to Regulate Cryptocurrencies and Make America a Place for Blockchain Innovation
US Lawmaker Shares Priorities on Crypto Regulation. U.S. Congressman French Hill (R-AR) was appointed chairman of the newly formed subcommittee on Digital Assets, Financial Technology and Inclusion. He mentioned a number of crypto-related priorities for his subcommittee in an interview with CNBC.See the Story
US Federal Reserve Board Issues Policy Statement That Limits Banks' Crypto Related Activities – Regulation Bitcoin News
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board's latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping services.See the Story
Latest News Stories
Sam Bankman-Fried Seeks Right to Transfer FTX's Crypto
Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. The former FTX CEO was released on bail and the court's Judge Kaplan imposed certain bail restrictions on him. His legal representation is urging the judge to drop the bail condition, as they believe the conditions are unjustified.See the Story
100% Center coverage: 1 sources
Sao Paolo Introduces Blockchain in Data Access Law – Regulation Bitcoin News
The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The city has not defined the structures or the implementation for its use in the future. However, legislators behind the document defended the approach they took to include new technologies in the law.See the Story
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go – Bitcoin News
Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of its staff, according to reports published on Friday. Matrixport cited a shift in the regulatory climate and industry-wide capitulations as reasons for the layoffs. The news follows another Bloomberg report, published in Nov. 2022, that said Matrixport was seeking $100 million in financing.See the Story
Ethereum (ETH) Price Prediction 2025-2030: ETH continues to surge
The price of Shiba Inu (SHIB) has risen to $0.00001191, showing a surge of more than 40% since last month. The market capitalization of the memecoin has risen from $4.47 billion to $6,54 billion over the same period. Elon Musk and Vitalik Buterin have praised the project.See the Story
US securities regulator probes investment advisers over crypto custody -sources
The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications. By law, investment advisory firms must be qualified to offer custody services to clients in addition to complying with custodial safeguards set out in the Investment Advisers Act of 1940.See the Story
100% Center coverage: 3 sources
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50% – Mining Bitcoin News
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. Congress passed a legal framework to regulate cryptocurrency mining and exchange activities in the country, establishing limits to the power fees for mining in July, last year. However, this law was vetoed in August by the current president of Paraguay.See the Story
Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase – Mining Bitcoin News
The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023. The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion. With a 3.82% jump, it's expected to be around 39.03 trillion.See the Story
Gold · Iran
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Iran and Russia Talk Stablecoin Payments for Bilateral Trade Settlements. Russia may issue a stablecoin backed by gold to use in international settlements. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. The idea to issue a Russian gold-backed stablecoin was initially circulated in May 2019.See the Story