Search Results for: Negative

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

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Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional…

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dólar. Srinivasan paid a total of $1.5 millón, more than the initially…

Breaking the Barriers of Traditional Banking With Digital Assets

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Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading…

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

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A NOSOTROS. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also…

Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright

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Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, la “mission [of BLDF] is to…

Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

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Esta semana, the Statistics Bureau of Japan unveiled the latest core consumer price index (IPC) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the…

The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Creator’s Thoughts Before Disappearing Over a Decade Ago

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Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he,…

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

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Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, ha advertido que EE.. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, la…

Lagarde, presidenta del BCE, advierte sobre un “gran desastre” si Estados Unidos incumple sus obligaciones de deuda

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Últimamente se habla mucho sobre Estados Unidos.. El techo de deuda del gobierno y si el Congreso actuará antes de incumplir el default.. En una entrevista reciente, Cristina Lagarde, el presidente del banco central europeo (BCE), dijo que confía en que EE.UU.. poder…

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

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Bienvenido a Latam Insights, un compendio de las noticias criptográficas y de desarrollo económico más relevantes de América Latina durante la última semana. En este asunto: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, y el…