Bakkt, a big name in crypto services, just made a major move in Japan. They’ve bought about 30% of Marusho Hotta (MHT), a Tokyo Stock Exchange-listed company, becoming its biggest shareholder. This deal was done through a partnership with RIZAP Group. Making Bitcoin Mainstream in Japan As part of the deal, Bakkt’s President of International,…
Indonesia and Brazil are seriously considering adding Bitcoin to their national reserves – a big move towards a more modern economy. Indonesia’s Bitcoin Plan Indonesia’s government is looking into a proposal suggesting they use their excess renewable energy to mine Bitcoin. This would be a long-term plan to boost the economy. This is happening despite…
Government Data Under Fire DoubleLine Capital’s CEO, Jeffrey Gundlach, is raising serious concerns about the reliability of US economic data. He believes the figures used by the Federal Reserve (Fed) to set interest rates are increasingly unreliable, citing issues with both the Consumer Price Index (CPI) and jobs reports. Gundlach points out that a significant…
Indonesia is seriously considering adding Bitcoin to its national reserves! This isn’t just a passing thought; high-level discussions are already underway. Bitcoin in Indonesia’s Reserves? The Indonesian Vice President’s office recently held meetings with Bitcoin advocates to explore the possibility. The talks focused on using Bitcoin mining as a potential part of a reserve mechanism,…
Analyst Jason Pizzino predicts a potential surge in both Bitcoin and the stock market. He believes a significant event could trigger a wave of Fear Of Missing Out (FOMO), leading to rapid price increases. The S&P 500’s Key Resistance Level Pizzino highlights a key resistance level for the S&P 500 (around 6,400 points). If the…
Coinbase, a major US cryptocurrency exchange, saw its stock price fall after announcing a significant debt offering. The news sent ripples through the market, highlighting the current challenges faced by the company. A Big Debt Offering The company revealed plans to raise $2 billion through a private placement of convertible senior notes. This involves selling…
Larry Summers, former U.S. Treasury Secretary, thinks the Federal Reserve shouldn’t rush into cutting interest rates. He believes doing so now would be a risky move. No Need to Panic, Says Summers Summers recently told Bloomberg that the Fed should hold off on a rate cut and wait for more economic data. He argues that…
Investing legend Ray Dalio is raising concerns about the future of the US dollar. He believes that excessive government money printing could lead to a situation where the US might eventually revert to a gold-backed currency system. A Historical Cycle? Dalio argues that history shows a recurring pattern: currencies go through cycles of devaluation, ultimately…
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), is urging lawmakers to protect the privacy rights of crypto users and open-source developers. Her call comes just before a crucial court decision in the case against the co-founder of Tornado Cash. The Case for Crypto Privacy Peirce strongly believes US authorities should…
Trump is reportedly preparing an executive order to punish banks that discriminate against customers based on their political views or involvement with cryptocurrency. This move comes amid accusations that banks have unfairly targeted specific groups. Banks and Crypto: A History of Tension For a while now, crypto companies have complained about being shut out by…
