Bitcoin News and Finance: What You Need to Know

Crossborder Capital’s Michael Howell, a veteran in global finance, offered a liquidity-based view on the current state of the economy. He challenged the prevailing narrative of monetary tightening with evidence of a rise in liquidity, which in turn should uplift stocks, gold, and cryptocurrencies. Michael Howell of Crossborder Capital Focused on Rising Global Liquidity and Its Market Impact Michael Howell is the founder and CEO of Crossborder Capital , a London-based FCA registered, independent research and investment company with over $1 billion assets under management. Previously he was Head of Research for Baring Securities and Research Director of Solomon Brothers. With a deep understanding of international finance and economics, Howell has become a prominent figure in analyzing global liquidity trends and their impact on markets. Recently, he appeared on Forward Guidance to shed light on the current macroeconomic landscape, emphasizing the continued rise in global liquidity an...

The government of China has announced the creation of a metaverse standardization working group to establish different rules to govern the Chinese Yuanverse platform. The standardization group will be integrated by Chinese universities, government institutions, and companies like Tencent, Huawei, Baidu, Netease, and Sense Time. China Announces Metaverse Standardization Group The Chinese government aims to create standards for metaverse platforms. In a circular released on January 19, the Ministry of Industry and Information Technology of China (MIIT) communicated the formation of the Metaverse Standardization Working Group, which will aim to establish rules for the organization of metaverse platforms and the development of the Yuanverse, a national metaverse platform. The standardization group will be integrated by several entities including Chinese universities, and companies like Huawei, Tencent, Baidu, Netease, and Sense Time. The proposal, which is based “on the needs of indus...

Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP . Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on the merits.” Moreover, the crypto firm stated that “the information the SEC seeks has no bearing on the court’s remedies determination.” SEC Seeks More Information From Ripple Regarding XRP In response to the U.S. Securities and Exchange Commission’s motion to compel certain post-compliant discovery regarding XRP , Ripple Labs sent a letter to Judge Sarah Netburn on Friday, firmly opposing the SEC’s requests. The SEC wants Ripple to produce audited financial statements for 2022 and 2023 as well as all post-complaint contracts for the sale or transfer of XRP to non-employee counterparties. The agency also demands Ripple answer an interrogatory about the amount of “ XRP institutional sales proceeds” received after the complaint fili...

Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the current system, allowing nations to sway away from the U.S. dollar and unilateral sanctions. Senator Marco Rubio Alerts About BRICS Influence in World Economics The BRICS group, formed by Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, might threaten the supremacy of the U.S.-led financial system in the future. Senator Marco Rubio from Florida acknowledged that the continued expansion of this group might interfere with the ability to exert sanctions on other nations. In a recent article, Rubio stated that the recent addition of Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran to BRICS enhanced its “attractiveness as an alternative to the American and European-led financial system.” Ru...