Saudi Aramco, the largest oil and gas company by market cap, has formed a strategic partnership with SBI Holdings, a prominent financial services group in Japan. The purpose of this collaboration is to explore the possibility of investing in digital assets. As part of its expansion plans, SBI Holdings intends to establish a subsidiary in […]
Bitcoin's price stands at $41,197 as of December 13, 2023, showcasing a dynamic interplay between various technical indicators. Over the past 24 hours, the cryptocurrency has been oscillating between $40,712 and $41,957, highlighting a state of cautious optimism among traders. Bitcoin Analyzing bitcoin's (BTC) oscillators provides an essential snapshot of its current market stance. The
Bitcoin Technical Analysis: Key Indicators Point to a Consolidation Phase Read More »
An Optimistic Outlook for Bitcoin Skybridge Capital founder Anthony Scaramucci recently discussed his optimistic outlook for bitcoin and his expectations for its future in an interview with Bloomberg. Despite the U.S. Securities and Exchange Commission's (SEC) decision on the spot bitcoin exchange-traded fund (ETF), Scaramucci believes that bitcoin will reach a multi-trillion-dollar valuation. He also
A Turning Point: Are We on the Brink of Cold War II? The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, addressed the topic of "Cold War II" during her speech at the 20th World Congress of the International Economic Association. She emphasized that we are at a turning point and
IMF Official Warns of Risk of Cold War II: U.S. and China Read More »
Introduction Market participants, including both investors and traders, are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting scheduled for December 13, 2023. The focus is on whether Fed Chair Jerome Powell will maintain the current elevated benchmark interest rate. Renowned financial expert Jim Grant believes that interest rates will remain at a higher
Steven Hanke Dismisses Krugman's Assertion Steven Hanke, an applied economics professor at Johns Hopkins University, has criticized Nobel laureate Paul Krugman for his claim that inflation is a "global phenomenon." Hanke took to X (formerly Twitter) to express his disagreement with Krugman's recent op-ed article in the New York Times, referring to it as another
Johns Hopkins Economist Criticizes Paul Krugman’s Claim on Global Inflation Read More »
Introduction The World Gold Council (WGC) has recently released its 2024 Gold Outlook report, which analyzes and predicts the behavior of the gold markets for the upcoming year. The report discusses different scenarios, including the expected "soft landing" of the U.S. economy, as well as the possibility of a recession. In this article, we will
The World Gold Council Examines Gold Demand in Various Scenarios Read More »
Doubling Down on the Crash Prediction Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, is sounding the alarm on what he believes could be the biggest crash in history. With the U.S. banking system on the verge of bankruptcy, Kiyosaki warns that the collapse of the S&P 500 will have devastating
Robert Kiyosaki’s Warning: No Time to Play Russian Roulette With Your Life Read More »
Introduction Japan is currently exploring the idea of exempting corporations from paying income taxes on unrealized gains related to their cryptocurrency holdings. This proposal, which is part of a broader tax code reform, aims to allow companies to avoid taxation on cryptocurrencies, even if their market value fluctuates throughout the fiscal year. Japanese Government Plans
Japan Considers Exempting Corporations from Taxing Unrealized Cryptocurrency Gains Read More »
Hong Kong Regulator's Crypto Fraud Warning The Hong Kong Securities and Futures Commission (SFC) recently issued a warning to the public regarding two entities suspected of involvement in crypto frauds. The entities in question are Hong Kong Digital Research Institute, also known as Hong Kong DAO, and Bitcuped. The SFC has taken action by requesting
Hong Kong Regulator Warns of Crypto Frauds: What You Need to Know Read More »