Category: Featured
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Bitcoin Outflows Slow as New ETFs Garner Inflows, U.S. Market Leading
Bitcoin ETF Inflows Counterbalance GBTC Outflows While the outflows from Grayscale’s GBTC are substantial, the nine newly launched spot bitcoin ETFs saw inflows of $1.8 billion last week. The BlackRock IBIT led the influx with $744.7 million, closely followed by Fidelity’s FBTC with $643.2 million. Since their launch on January 11, these nine ETFs have […]
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18 Senators Lead Pro-Crypto Movement, Shaping Future of Cryptocurrency in the US
Pro-Crypto Senators Spearhead Legislative Efforts According to Stand with Crypto, Senator Cynthia Lummis and Senator Ted Burr have emerged as the foremost advocates for cryptocurrency in the U.S. Senate. Lummis has been active in presenting eight crypto bills and delivering 184 public statements, while Burr has sponsored eight bills and made 24 public statements. Following […]
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Kennedy Jr. and Trump Vow to Protect Financial Autonomy Against CBDCs
Kennedy Jr.’s Libertarian Aspirations Robert F. Kennedy Jr., who is considering a presidential bid, is firmly against CBDCs. He is steadfast in his commitment to safeguard financial autonomy, declaring, “I will put an end to any push for a CBDC if elected president.” This statement was given during a conversation with Dr. Joseph Mercola about […]
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Red Sea Instability Raising Concerns for Shipping Industry and Dollar Tree Inc
Extended Journey Times and Soaring Shipping Rates As a result of recent Houthi attacks, many shippers have chosen to reroute their cargo around Southern Africa via the Cape of Good Hope, leading to longer journey times. Raymond James analyst Rick B. Patel explains that this route, although lengthier than the Suez Canal, has become necessary […]
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Yield Protocol Ceases Operations, Urgent Action Required by Users
Yield Protocol’s Call to Action for Users With the looming deadline of January 31st, Yield Protocol is prioritizing the dissemination of crucial information to its user base. The platform emphasizes the importance of taking immediate action to close all positions before the cutoff date, leaving no room for delay or indecision. Yield Protocol’s transparent and […]
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US Economy Grows at Surprising Pace Despite High Interest Rates and Inflation
Growing Optimism for a Soft Landing After a prolonged period of concern, Americans are beginning to feel more positive about the economy and inflation. This trend, reflected in measures of consumer sentiment like the University of Michigan index, could sustain consumer spending, fuel economic growth, and potentially influence the decisions of voters. There is a […]
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Wall Street Forecasts Lower US Government Borrowing Needs, Easing Bond Market Anxiety
Decreasing Anxiety in Bond Markets (CoinUnited.io) — Major investment banks are coming together to suggest that the borrowing needs of the US government are likely to diminish by June, providing some relief to the bond markets. Concerns about the government’s fiscal deficit had caused anxiety among investors towards the end of 2023. However, the current […]
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Crypto Community Divided: The Controversy Surrounding Points and Airdrops
Why do points get a bad rep? The surge in popularity of tokens being rewarded to loyal users and airdrop hunters has created life-changing opportunities. Users felt that their efforts and luck had paid off when they received massive token issuances. However, with points, the dynamic is different. Users are essentially playing by the rules, […]
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Strong GDP Report Boosts Stock Market Optimism Despite Lingering Economic Concerns
A Promising Outlook for the Economy The GDP report indicates a scenario of “soft landing” for the economy, with “pretty nice noninflationary growth,” according to Gordon. The core data from the personal-consumption-expenditures (PCE) price index, the Fed’s preferred gauge of inflation, showed an annualized increase of 2% in the fourth quarter. This maintained the same […]
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UK Government Considers Digital Pound, Seeks Public Input and Privacy Protection
UK Considers Central Bank Digital Currency (CBDC) In a recent announcement, the UK government stated that it is investigating the use of a digital pound, also known as Britcoin. However, it is important to note that this exploration does not signify an immediate implementation of a central bank digital currency (CBDC). Considering Consumer Interaction and […]