Bitfinex Securities Launches Operations in El Salvador: Here’s What You Need to Know Introduction Over the last few years, El Salvador has been making considerable efforts to become Latin America’s crypto hub. Today, two and a half years after adopting Bitcoin as a legal currency in the country, Bitfinex Securities announced the launch of Bitfinex…
Witty Wednesday Woes: XRP’s Rollercoaster Ride XRP Takes a Dip, but Bounces Back Early Wednesday morning, the crypto world was abuzz with rumors of a potential exploit affecting XRP. The price of XRP plummeted more than 4% to $0.4853 in a matter of hours, setting off a wave of panic among traders and investors. It…
Krysten Sinema and CNN: A Tale of Conflicting Views Sen. Kyrsten Sinema (I-AZ) and her Recent Interaction with CNN Sen. Kyrsten Sinema recently found herself in the spotlight once again, this time due to a heated exchange with reporters from CNN on Capitol Hill. The senators rebuked the journalists who were trying to ask whether…
Renowned billionaire investor Tim Draper bullish on Bitcoin Bitcoin To Hit $250,000 By 2025 Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast in 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in…
The Maradona Theory of Interest Rates: A Unique Perspective on Monetary Policy Introduction On a seemingly ordinary Wednesday, Bank of America presented an unusual and entertaining take on the Federal Open Market Committee (FOMC): “The Maradona Theory of Interest Rates is alive and kicking.” This theory, first formulated by Bank of England Governor Mervin King…
U.S. Equity Markets React to FOMC Announcement Recently, U.S. equities indexes experienced significant losses following the Federal Open Market Committee (FOMC) announcement that its benchmark interest rates would remain at current levels. While many analysts expected the rate hold, comments from Fed Chair Jerome Powell have raised doubts about the possibility of a rate cut…
A Potential Ethereum Bull Run: Is $20,000 Possible? The Predictions of Crypto Analyst Eric A crypto analyst named Eric has been making waves in the cryptocurrency community with his bold prediction that Ethereum (ETH) could spike to $20,000 in the upcoming bull run. According to Eric, the potential launch of spot Ethereum exchange-traded funds (ETFs)…
Watching money disappear might be tough… Understanding Token Burning in the Crypto World In the world of cryptocurrencies, things often work in mysterious ways. While in traditional finance, the idea of intentionally destroying your own money might sound absurd, in the crypto world, adherents actually cheer when cryptocurrencies engage in token burning. So, what exactly…
