Self-DirectedGold IRAs are fantastic as they let you place your money in the precious metals and not have to deal with any middlemen. They are so simple that your grandmother could set it up! When you buy physical silver, gold platinum, palladium and bar, rounds and bullion, you will receive immediate liquidity. However, if you […]
DOJ Drops Second Trial against Sam Bankman-Fried On December 29, 2023, after 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) made the decision to not proceed with a subsequent trial against Sam Bankman-Fried, the former CEO of FTX. This update was disclosed by Matthew Russell Lee of the Inner City Press, who shared
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Sofi Stops Offering Crypto Services Starting Dec. 19, the financial services platform Sofi will cease providing cryptocurrency services to its customers. The decision was made due to increased scrutiny of the crypto sector by banking regulators. Sofi has provided instructions on how customers can transition their accounts to Blockchain.com during this period. No New Accounts
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New Regulations for Virtual Currency Listings and Delistings The New York Department of Financial Services (NYDFS) has recently released new standards for virtual currency (coin) listings and delistings. These regulations, which affect Bitlicensees and limited-purpose trust companies, include guidelines for business models of virtual currency entities (VCEs), risk assessment expectations, advance notification requirements, and updated
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Alchemy Pay, the leading fiat-crypto payment gateway, has recently announced its partnership with Worldpay, a renowned payment processor. This collaboration aims to provide Alchemy Pay's users with access to Worldpay's Visa and Mastercard payment rails through its on and off-ramp service. By leveraging Worldpay's extensive global reach, Alchemy Pay aims to enhance the efficiency and
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Decentralized Finance (Defi) Sees Impressive Growth Over the past year, decentralized finance (defi) has experienced a significant recovery, with both the total value locked (TVL) and token valuations soaring in 2023. In April 2022, defi protocols held approximately $163 billion TVL, but by January 2023, this amount had declined to $38.30 billion. However, these indicators
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Introduction Robert Kiyosaki, the famous author of Rich Dad Poor Dad, has recently shared insights into how he made the majority of his wealth. He believes that the future of stock and bond markets lies in resources, rather than the traditional Silicon Valley technology startups. Kiyosaki predicts that resources will be "the coming boom in
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Over the past year, bitcoin has surged by 153%, with numerous other digital currencies also seeing substantial increases. However, when assessing the top cryptocurrencies in relation to bitcoin's performance, the annual shifts present a distinctly varied perspective. 2023 Sees Altcoins Lag Behind Bitcoin's Rally Despite Overall Market Boom The landscape of top cryptocurrencies has significantly
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Spot Bitcoin ETF Warnings by Ex-SEC Official Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark, who is currently the president of cybersecurity firm John Reed Stark Consulting, recently issued a warning about spot bitcoin exchange-traded funds (ETFs). In a post on social media platform X, Stark expressed his skepticism and cautioned against
The Challenge of Repatriating Funds The Indian Oil Ministry recently admitted that its initiative to pay for oil with rupees has not been successful due to concerns from suppliers regarding fund repatriation. The objective of this move was to reduce India's reliance on the U.S. dollar for cross-border transactions. High Costs of Converting Rupees During