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 ...

Economist Peter Schiff has urged people to get rid of their U.S. dollars now as a growing number of countries have escalated their efforts to reduce their dependence on the U.S. and the USD. “The dollar’s reserve currency status is in jeopardy, as is the American standard of living that depends on it. The best move you can make to mitigate your personal loss is to divest of dollars and dollar-denominated financial assets,” he stressed. Get Rid of U.S. Dollars Now, Says Peter Schiff Gold bug and economist Peter Schiff has urged U.S. dollar holders to get rid of their USD now. He tweeted Friday: How much clearer does the writing on the wall need to be? Get rid of your U.S. dollars now, while there’s still enough people who still can’t read it. His tweet was prompted by an article titled, “Saudi Arabia, Southeast Asian Nations Swipe Left on US Dollar Dependence,” which highlights the mounting efforts by countries in Southeast Asia and the Middle East, particularly Saudi Arabia an...

Rich Dad Poor Dad author Robert Kiyosaki has issued a warning about the potential demise of the U.S. dollar and the looming threat of hyperinflation. He has expressed concern that the USD may lose its value and “become toilet paper.” Further, t he famous author is saddened by U.S. authorities bringing criminal charges against former President Donald Trump. He stated: “As crime runs rampant in our cities & voters demand ‘defund the police.’ I am crying. America is dying.” Robert Kiyosaki’s USD and Hyperinflation Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his concerns about the future of the United States, hyperinflation, and the potential collapse of the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. In an “emergency podcast” that he ...

PRESS RELEASE. It truly is time to rejoice now that .btc domains have come to Bitcoin. BTCDomain is a user-friendly domain system built on Bitcoin that allows users to begin registering, trading, and searching .btc domain names. By combining Ordinals and Zero-Knowledge (ZK) technologies, they can securely store all of their metadata on the Bitcoin network while consistently maintaining the integrity of their domain registrar and resolver. Why Are Blockchain Domains Important? A domain serves as a symbol of an individual’s personal identity. The simplicity of using a.btc domain for transactions not only prevents transfer errors caused by complicated wallet addresses, but it also protects users from clipboard replacement attacks , which change wallet addresses during the copy-paste process and is one of the most common and recurring fraudulent acts. A memorable domain name is also essential for effective marketing and brand awareness for businesses and brands. A distinctive domai...

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say Binance Has Unsuccessfully Sought to Establish U.S. Banking Partners The Wall Street Journal (WSJ) reported on Saturday that Binance US is experiencing difficulty in finding a U.S. banking partner. Currently, Binance US customers have been informed that “certain USD deposit services will be temporarily unavailable.” Binance US stated that it was “transitioning to a new banking partner,” and services would resume once the process was complete. However, sources quoted by WSJ reporters Caitlin Ostroff, Rachel Louise Ensign, and Alexander Osipovich indicate that Binance has faced challenges in finding a bank...

As the world of digital assets continues to evolve, the rise of non-fungible tokens (NFTs) has taken the crypto space by storm. From art to music and virtual real estate, NFTs have revolutionized how we perceive value and ownership in the digital world. Among the most promising applications of this technology are NFT domains – unique, personalized digital assets that could very well replace traditional domain names. With the NFT market set for a resurgence, now is the perfect time to invest in these digital assets and secure your online presence. Quik.com, a leading platform for NFT domains, makes it easier than ever to mint, buy, and sell these valuable digital properties. Visit Quik.com Now. The Resurgence of NFTs While the NFT market experienced a boom in early 2021, experts predict another surge in demand and value in the near future. As blockchain technology and decentralized platforms become more mainstream, the use cases for NFTs expand beyond collectibles and digital art....

Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous crypto opponent Peter Schiff took to social media to highlight a recent report revealing that Openai’s Chatgpt has not considered bitcoin as an option when prompted to advise about a recession-resistant investment portfolio. Linking to an article about the test in a tweet on Thursday, Schiff noted: #ChatGPT AI is pretty intelligent after all. It didn’t recommend any allocation to #Bitcoin . https://t.co/mnhRN2TmFm — Peter Schiff (@PeterSchiff) April 6, 2023 The referenced experiment has been conducted by a platform offering information on gold IRA (individual retirement account) investments. According to a b...

A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the FTX case from occurring,” she cautioned: “Certain areas still need further strengthening.” ECB’s McCaul Warns of EU’s Inadequate Crypto Regulation Elizabeth McCaul, a member of the European Central Bank Supervisory Board, discussed cryptocurrency regulation in a blog post published by the ECB Wednesday. She explained that the regulations proposed by the European Union for crypto assets are insufficient and must be strengthened to effectively address crypto risks. The European Parliament is set to vote on the Markets in Crypto-Assets (MiCA) bill later this month. McCaul opined: While the new Basel standard and MiCA are important milestones, I am afraid they will not be sufficient on their own. The ECB board member ...

Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago.” Robert F. Kennedy Jr. Warns about Fednow and CBDCs Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow system and central bank digital currencies in a tweet on Wednesday — the same day he filed paperwork to run for president in 2024. He is President John F. Kennedy’s nephew and U.S. Senator Robert F. Kennedy’s son. “The Fed just announced it will introduce its ‘Fednow’ Central Bank Digital Currency (CBDC) in July,” he wrote, elaborating: CBDCs grease the slippery slope to financial slavery and political tyranny. Fednow is the Federal Reserve’s real...

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the proposed airdrop could pose major challenges with specific implications. Thailand Prime Minister Candidate’s $300 Airdrop Promise Raises Concerns On Wednesday, Srettha Thavisin, a Pheu Thai candidate for prime minister of Thailand, declared that if his party wins the general election, the government will airdrop 10,000 baht in digital currency to every citizen in the country who is 16 years old or older. The Bangkok Post was the first to report on the story after it was revealed by the Pheu Thai chief adviser, Paetongtarn Shinawatra, on Wednesday. Thailand wouldn’t be the only government to airdrop digital currency to its citizens, as the governme...

Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of the national postal service of Switzerland, Postfinance , has joined forces with crypto bank Sygnum to offer a range of digital asset banking services. To achieve that, the bank will employ Sygnum’s B2B (business-to-business) banking platform. The partnership enables the launch and expansion of regulated bank-grade products and services for digital assets, Sygnum said in an announcement published Wednesday. The Switzerland-based fintech company further elaborated: Postfinance’s customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ethereum. Postfinance has analyzed the inv...

PRESS RELEASE. Victoria, Seychelles 7 Apr 2023 – Bitget, the leading crypto derivatives exchange and copy trading platform, has announced a new round of launchpad listing featuring GoSleep (ZZZ) , the leading Web3 sleep and healthy living reward app on Arbitrum. The launchpad tickets for ZZZ token will be allocated on Apr 17, with the deposit period starting on Apr 10. In this round of launchpad, Bitget has also introduced the sunshine pool, which is specially designed to provide fair opportunities for more participants to get allocations. Bitget’s Launchpad was initially introduced in February 2022, and as of now, it has launched eight early-stage projects with a price increase of up to 14950% in the first week of their listing. Previously, Launchpad featured REVO, BBO, and HALO, offering users the opportunity to participate in early-stage token sales for handpicked brightest projects. GoSleep aims to motivate users to pursue a healthy lifestyle by providing them with sleep trac...

Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump Alerts About China’s Push Against the U.S. Dollar Donald Trump, former president of the U.S. has recognized the recent moves that China and other countries including Russia and Saudi Arabia are taking to undermine the influence of the dollar in worked markets. In a post published in Truth Social, the social platform founded by Trump, he acknowledged these developments, stating: China is trying to displace the U.S. dollar as the number one currency throughout the world. If this happens, and under Biden’s leadership it probably will, this would be the biggest defeat for our country in its history. Furthermore, Trump stated that if this comes to happen, the U.S. will be reduced to s...