Tag Archives: AA News

Former Richmond Federal Reserve President Jeffrey Lacker believes the Fed should – and will – remain firm in hiking interest rates at its upcoming March meeting, and subsequent meetings thereafter. Despite a series of bank failures this month that was partly induced by rising rates, the ex-chair believes more will be necessary to combat inflation. The Inflation Fight Continues In an interview with Andrew Sorkin from Squawk Box, Lacker said that the Fed should “go ahead with a...

Pushing on the new industry standard to boost transparency, OKX released its fifth proof-of-reserves (PoR) report. The latest edition demonstrated that the Seychelles-based crypto exchange holds clean assets worth $8.9 billion in BTC, ETH, and USDT. Data shows that OKX’s wallets have 138,405 BTC, 1,325,259 ETH, and 3,264,352,204 USDT against user balances of 134,289 BTC, 1,284,812 ETH, and 3,199,251,622 USDT, respectively. This proves that OKX is overcollateralized with a...

The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned.  Crypto scammers have previously compromised the Twitter account of India’s Prime Minister – Narendra Modi – and the profiles of the Indian Medical Association (IMA), the Indian Council of World Affairs (ICWA), and Mann Deshi...

Strike CEO Jack Mallers believes Bitcoin is primed to pump following the Federal Reserve’s $300 billion injection into the banking sector last week.  Mallers predicts that the US dollar is entering a new era of persistently high inflation, which will only benefit Bitcoin.  Is Higher Inflation Inevitable? Speaking with CNBC, co-anchor Kelly Evans asked the CEO why people should expect Bitcoin to moonshot following a banking crisis, the likes of which have historically been...

Florida Governor Ron DeSantis is the next Republican politician to take a firm stance against Central Bank Digital Currencies (CBDCs) in the United States.  The governor recently voiced support for a ban on CBDCs within the state, blasting such technologies as tools of financial surveillance.  Standing Against CBDCs In a speech shared over Twitter on Monday, DeSantis recalled President Biden’s digital asset executive order in March 2022, which called on government agencies to...

As Bitcoin returns to a 9-month high above $28,000, a growing number of on-chain signs show the asset may be entering an early bull market.  On Monday, blockchain analytics firm Glassnode said the Bitcoin market “appears to be shifting gears” amid turmoil within the traditional banking system.  Reclaiming Momentum According to the firm’s weekly report, Bitcoin’s monthly average transaction count reached 309.5k/day this week – its highest level since Bitcoin surged to $64,000...

The cryptocurrency exchange BitMEX outlined some possible scenarios that could unfold in the coming months for the cryptocurrency industry. It believes the Federal Reserve will most probably cease its interest rate hikes by the end of the year, triggering a flow of funds into global capital markets and risk-off assets. Cryptocurrencies, such as bitcoin and ether, could benefit in such cases. Scenario #1 According to BitMEX, the US Federal Reserve will most likely slow the...

One of the leading American banks – Goldman Sachs – highlighted bitcoin as the best-performing asset since the start of the new year.  The primary cryptocurrency surpasses Nasdaq 100, gold, S&P 500, and other investment assets and sectors.  The bank said bitcoin’s potential had outpaced that of traditional assets, precious metals, and other investments in terms of year-to-date (YTD) and risk-adjusted returns. Bitcoin Performance YTD, Source: Twitter Contrary to 2022,...

The Switzerland-based crypto ETP issuer – 21Shares – will reportedly terminate five of its funds and delist another one due to low interest from investors.  Arielle Pennington – Head of Global Communications – claimed the firm will keep offering its other products that enjoy a solid level of demand. Scraping Some ETPs As revealed by Bloomberg, the company will close down the following five funds: the 21Shares S&P Risk Controlled Ethereum Index ETP (ticker SPETH), the...

A survey carried out by one of the leading daily newspapers in El Salvador – La Prensa Grafica – determined that President Nayib Bukele has the support of 91% of the locals.  The media outlet is known as an opposition to the ongoing political regime in the Central American country, prompting the leader to doubt that the figure might be even higher. Bukele’s Record Approval Rate El Salvador’s President, who took the helm in June 2019, enjoys one of the highest approval ratings...