Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of American manufacturing poses a significant threat to the financial sector and the U.S. dollar. Richard Bove’s Economic […]
This year, the cryptocurrency market has seen a dramatic surge, ballooning from a modest $ 827 billion at December’s close in 2022, to a robust $ 1.736 trillion presently. In this period, numerous cryptocurrencies have experienced significant growth. The following analysis delves into the crypto economy’s top performers and underperformers over the last …
As 2024 approaches, Bitfinex market strategists have expressed optimism for bitcoin (BTC) and crypto assets in general, acknowledging their resilience amid regulatory and reputational challenges. The crypto market, according to Bitfinex analysts, is oscillating between bouts of greed and regulation and is set to witness an upward trajectory with market capitalization possibly doubling. Bitfinex Analysts […]
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use it as an exchange device to acquire tools to facilitate online scams. […]
U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage. “One is that inflation doesn’t come down back to their target as they envisioned, and the […]