Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the n…
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation Considers Back-to-Back Rate Hikes Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “m…
US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, …
Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina Javier Milei, a liberal presidential candidate in Argentina, stated recently that he has the funds needed for the dollarization of the country at th…
FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been v…
Binance to Lose Euro Transfers as Paysafe Drops Support Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s l…
Mastercard Introduces Multi-Token Network to Support Wider Digital Asset Industry Mastercard has introduced its Multi-Token Network (MTN), an app store powered by blockchain technologies for building regulated financial applicatio…
North Carolina Advances Bill to Study Holding Bitcoin Using Crypto to Hedge Against Inflation The U.S. state of North Carolina has advanced a bill to study holding cryptocurrencies, particularly bitcoin, in the state treasury. The bill approp…
Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading plat…
Robert Kennedy Jr Promises to Protect Your Right to Use and Hold Bitcoin as President U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to ensure that “your right to use and hold bitcoin is inviolable” if he is …
Crypto Exchange Binances Motion to Restrain SECs Public Statements Denied Binance’s attempt to prevent the U.S. Securities and Exchange Commission (SEC) from making public statements alleging that the crypto exchange misha…
Nevadas Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to…
IMF Director: Iranians Brazilians Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum The International Monetary Fund’s (IMF) executive director for Russia says a growing number of countries are switching to trade in Chinese yuan, not…
FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits a…
IMF Boss: Supporting Egyptian Currency Akin to Putting Water in a Bucket That Has Holes Kristalina Georgieva, the International Monetary Fund (IMF)’s managing director, has said Egypt needs to plug leakages of foreign reserves if it wis…
HSBC Enables Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong Banking giant HSBC has begun letting customers buy and sell bitcoin and ethereum exchange-traded funds (ETFs) that are listed on the Hong Kong stock…
Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency Report Over 500 companies in Argentina have reportedly requested to pay for imports using Chinese yuan as the U.S. dollar shortage worsens. “The central ba…
North Korean Analyst Warns of Accelerating End to Dollar Dominance Says BRICS Poses Challenge to US Hegemony A North Korean analyst has cautioned that the actions taken by the U.S. to restrict the usage of the dollar and the growing interest of countries to…
JPMorgan Outlines 4 Global Outlook Scenarios Warns of Boil the Frog Recession as Global Downturn Looms Global investment bank JPMorgan has presented four probable global outlook scenarios, with “boil the frog” recession emerging as the most likely out…
Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility…
Brit Gets Prison Time for Twitter Hack Impersonating Biden Buffett in Bitcoin Scheme A U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of …
Latam Insights IMF States Latams CBDC Interest Rises Lula Emphasizes Bretton Woods Institutions No Longer Function Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the Internati…
Banking Giants Crédit Agricole Santander Seek to Provide Crypto Custody Under French Registration A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a c…
What is De-Dollarization? Exploring the Shift Away From the US Dollars Global Dominance From the latter half of 2022 and continuing into 2023, the concept of de-dollarization has gained significant traction, making its mark on the mains…
US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazil…
Robert Kiyosaki Shares Simple Way to Tell if Economy Is in Recession Rich Dad Poor Dad author Robert Kiyosaki has shared a very simple way of telling whether an economy is in a recession. “There is a lot of hot air ab…