Author name: Peter

Tether Holdings Reports Record-Breaking Net Profit in Q4 2023

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Bitcoin and Gold Price Appreciation Drive Tether's Record Profit In the last quarter of 2023, Tether Holdings Limited achieved a remarkable milestone with a net profit of $2.85 billion. This record-breaking performance contributed to Tether's overall net profit of $6.2 billion for the year. The stablecoin issuer's success can be attributed to various factors, including […]

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British Police Seize Over 61,000 Bitcoins in Massive Chinese Investment Fraud

crypto ira /

The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 128,000 investors. One of the Largest Cryptocurrency Seizures Globally The U.K. Metropolitan Police have seized more than

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Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March

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Introduction Economist Peter Schiff recently shared his insights on the possibility of a Federal Reserve interest rate cut in March. He believes that Federal Reserve Chairman Jerome Powell's decision to remove the March rate cut from consideration may have actually increased the likelihood of a rate cut. Schiff also highlighted the role of the Fed

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US Banking Sector Volatility: Distressed Commercial Real Estate Sector Raises Default Concerns

gold ira /

Introduction The U.S. banking sector is currently experiencing significant volatility, triggered by the distress in the commercial real estate market. This turbulence has not only affected banks in the country but also has had international repercussions. One such example is the recent decline of New York Community Bancorp by 13% and Japan's Aozora Bank hitting

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Bitget Survey Reveals Optimistic Outlook for Bitcoin Prices

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Introduction A recent survey conducted by Bitget, a leading cryptocurrency platform, has highlighted the positive sentiment in the crypto market. The survey, which gathered insights from nearly 10,000 individuals across different regions, including West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America, revealed that a majority of participants expect bitcoin prices to

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Stablecoin Market Cap Surges $4.85 Billion in 30 Days; USDT, USDC, FDUSD Lead the Way

crypto ira /

Over the past month, there has been a significant rise in the combined market capitalization of leading stablecoins, increasing from $131.71 billion to $136.56 billion. Tether (USDT) and USD Coin (USDC), the top two stablecoins, have witnessed notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. The Growing Stablecoin Economy During the

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Grayscale’s Bitcoin Trust (GBTC) Sees Decrease in Bitcoin Holdings While New ETFs Gain Momentum

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GBTC's Bitcoin Holdings Decline In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin

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Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings

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Introduction Tether, the leading stablecoin issuer, has recently released its audit report, which highlights its significant Bitcoin holdings valued at over $2.8 billion. Conducted by BDO, a reputable auditing firm, the report provides a detailed analysis of Tether's financial position, shedding light on its success in the cryptocurrency market. Tether's Influence in the Cryptocurrency Market

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Robert Kiyosaki: Bitcoin as Protection against Theft by the Fed, Government, and Wall Street Bankers

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Introduction Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, recently shared why he owns bitcoin. According to Kiyosaki, bitcoin serves as a safeguard against the theft of wealth through various means, such as inflation, taxation, and stock price manipulation, perpetrated by the Federal Reserve, the government, and Wall Street bankers. In

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