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The Resilience of Gold Last night, gold futures came within touching distance of $2,000, reaching $1,998.60 before closing at $1,994.40. This impressive move towards the key psychological level occurred despite the strength of the US dollar throughout the day. The short-term strength of both gold and the US dollar can be attributed to safe haven […]

The Growing Potential of Bitcoin Bitcoin (BTC), the leading cryptocurrency in terms of market cap, has been gaining significant attention in the digital currency realm, showcasing its strength and market dominance. Currently, its value is hovering just below the $34,000 mark. A recent report from finder.com, titled "Bitcoin to Hit $87,000 by 2025," sheds light

Nigeria Contemplates Outlawing Forex Parallel Market A Nigerian official recently announced plans to expand the official currency market to include "legitimate" participants such as bureaux de change and financial technology companies. The goal is to address the country's foreign exchange shortage. In addition, Finance Minister Wale Edun revealed that Nigeria is expecting $10 billion in

The Rise of Bitcoin On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. Impressive Gains Across the Market As the market soared, traders who had placed

According to a recent report by blockchain forensics firm Chainalysis, North America remains the largest cryptocurrency market in the world, despite ongoing regulatory uncertainty. The report also highlights a decline in stablecoin-related activity and decentralized finance (defi) usage in the region. Institutional Crypto Activity Drives North America's Market Chainalysis reveals that between July 2022 and

Sam Bankman-Fried Prepares to Plead His Case Directly to Jury Former FTX chief, Sam Bankman-Fried, is set to testify in his ongoing trial, according to his defense lawyer, Mark Cohen. Following testimonies from several witnesses who have spoken against him in recent weeks, Bankman-Fried has decided to make his case directly to the jury. Defense

In the past week, Solana has undeniably seen some of the most significant gains, with its price escalating by nearly 33% in recent times. This progress happens as the worldwide cryptocurrency market cap predominantly stayed in the green at the weekend's onset. Another significant player was Chainlink, which reached a three-week apex. Solana's (SOL) Progress

Renowned 'Rich Dad Poor Dad' author, Robert Kiyosaki, anticipates a significant rise in Bitcoin's value, reaching up to $135,000. Additionally, he predicts a substantial increase in the price of gold, potentially reaching $3,700 soon. Conversely, he has expressed concerns about the future of U.S. dollar savers, referring to the currency as "counterfeit money." Kiyosaki's Forecasts

Notable economist and gold enthusiast, Peter Schiff, has ignited controversy by launching an attack on the relevance and usefulness of Bitcoin in the modern economy. Schiff's comments cast doubt on Bitcoin's value, branding its proponents as almost fanatical in their attempts to persuade others to invest in the cryptocurrency. Peter Schiff's Bold Assertion: Bitcoin is

In the wake of escalating anticipation surrounding a possible bitcoin exchange-traded fund (ETF), not everyone is cheering. There are concerns that a spot bitcoin ETF could potentially expose BTC to vulnerabilities, akin to those experienced in the gold and silver markets. The approval of such an ETF might pave the way for manipulative practices that