Bitcoin News and Finance: What You Need to Know

Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect the economic momentum to deteriorate during the second half of the year on the back of rapidly tightening credit conditions, exacerbated by the banking crisis,” said the insurance giant’s analysts. Crash Landing Ahead, Warned Allianz Allianz’s research and analysis division published a report last week stating that the U.S. economy is “headed towards a crash landing.” Allianz is one of the world’s largest insurers with over 122 million private and corporate customers worldwide and more than 159,000 employees. It is headquartered in Munich, Germany. “Negative confidence effects from the near-death experience in the U.S. banking sector and the unresolved energy situation in Europe will shape the rest of the year,” Allianz’s analysts began. While noting that the U.S. economy “picked up pace in early 2023,” they stressed that this revival will likely be “short-liv...

Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that ‘Hey if the U.S. doesn’t like what you’re doing, they can grab your money,'” the executive described. Investment Manager Expects U.S. Dollar to Lose Most of Its Value in 5-10 Years Larry Lepard, investment manager and founder of Equity Management Associates (EMA), shared his prediction about the demise of the U.S. dollar in an interview with Kitco News, published Wednesday. He said: I’m very comfortable saying the dollar will effectively be restructured or have lost most of its value within 10 years, and I think, frankly, it could even be shorter than that. My kind of median guess is about five years. The executive then explai...

A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC ! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot of 1,214 times their initial bet amount , and winning a life-changing amount of BTC . The latest big win came from a player who took a chance on the thrilling game Book of the Fallen by Pragmatic and ended up with a massive $170,000 payout in Bitcoin . Book of the Fallen by Pragmatic Book of the Fallen is an action-packed slot game with an adventurous theme that takes players on a quest to discover the hidden treasures of an ancient civilization. With its impressive graphics and unique features, this game offers players an unforgettable gaming experience that’s both exciting and rewarding. The lucky player who won the $170,000 jackpot was spinning the reels with a bet of 0.005 BTC , proving once again that on Bitcoin.com Games, big mu...

On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million This weekend, Ordinal inscriptions reached a milestone by surpassing the 1 million mark on Saturday, April 8, 2023. Ordinal inscriptions started to see significant demand after the mining pool Luxor mined Bitcoin block No. 774,628 , which was not only close to 4 megabytes in size but also contained Ordinal inscription No. 652 . Ordinal inscriptions is an idea that sprang from the mind of Casey Rodarmor , which allows users to inscribe satoshis (Bitcoin’s smallest unit) with arbitrary content such as text, pictures, video, and even software. Dune Analytics metrics compiled by the user @dgtl_assets indicate that 169.85 BTC worth $4.7 mil...

The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect. All this and more, just below, in the latest Bitcoin.com News Week in Review. US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that Riyadh is no longer interested in pleasing the United States. Read More BR...

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in Russia During Q1 of 2023 Russia has for the first time climbed to second place in the world in terms of total power capacity of the facilities devoted to the production of digital currencies. According to data provided by the country’s largest mining operator, Bitriver , the amount of power involved in coin minting has reached 1 gigawatt (GW) in the first three months of the year. The United States remains the clear leader with 3 to 4 GW of mining capacity, the Russian business daily Kommersant reported. The top 10 also includes Gulf countries (700 MW), Canada (400 MW), Malaysia (300 MW), Argentina (135 MW), Iceland (120 MW), Paraguay ...