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 »
Robinhood Expands Crypto Trading Services Robinhood, a financial services firm, has announced the launch of its crypto trading platform in the European Union (EU). The company aims to make cryptocurrency more accessible and affordable to individuals worldwide, just as it did with the stock market. Robinhood Crypto App Now Available in the EU As of
Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility Read More »
Introduction In the month of November, non-fungible token (NFT) sales experienced a significant increase. This trend has continued into the first week of December, with sales skyrocketing by 57% compared to the previous week. Bitcoin-related NFTs have emerged as the top performers in terms of sales volume, outshining Ethereum-based NFTs. Let's delve into the details
NFT Sales Continue to Rise in December, Bitcoin Outshines Ethereum Read More »
The SEC's Warning on Crypto Investments The U.S. Securities and Exchange Commission (SEC) has issued a renewed warning regarding the high risks associated with investing in cryptocurrencies. The regulator emphasized that crypto-related investments are particularly susceptible to fraud, including fraudulent coin offerings, Ponzi and pyramid schemes, and instances where project promoters disappear with investors' funds.
SEC Warns Investors about Risks of Crypto Investments Read More »
Introduction China and Singapore have joined forces to launch a pilot program that allows tourists from both countries to use China's central bank digital currency, the digital yuan, for their purchases. This collaboration aims to enhance convenience and provide a seamless experience for travelers during their overseas trips. Expanding Financial Cooperation The Monetary Authority of
China and Singapore Collaborate on Digital Yuan Pilot for Tourists Read More »