Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set…
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Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and…
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Ripple Labs chair Chris Larsen commented on the recent cases involving Ripple, Grayscale, and the SEC, arguing it is time for Congress to take the lead on crypto policy. The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says…
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The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal Reserve’s direct issuance of a digital dollar. AFPI: A CBDC ‘Would Represent…
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A newly published Reuters poll reveals that most economists concur: the U.S. Federal Reserve has likely capped its rate hikes. Yet, rate cuts aren’t anticipated until March 2024. This survey drops just as markets approach the annual Jackson Hole Economic Symposium scheduled for next week. All eyes are on Fed chairman Jerome Powell, as investors…
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ChatGPT users have the option to scrap the web crawler by adding a “disallow” command to a standard file on the server. Artificial intelligence firm OpenAI has launched “GPTBot” — its new web crawling tool tit says could potentially be used to improve future ChatGPT models. “Web pages crawled with the GPTBot user agent may…
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Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph. The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank. Loretta…
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Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade, which fell by 11.2% to $217.9 billion during the first four months of 2023. ‘De-Risking’…
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Democratic Sen. Elizabeth Warren has plans to reintroduce a cryptocurrency bill to crack down on money laundering and terrorist financing. The long-standing crypto critic said she planned to reintroduce that legislation during a Senate Armed Services Committee hearing on Thursday…. Read More: Sen. Warren Plans To Reintroduce Crypto Bill To Crack Down on National Security…
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New York Attorney General Letitia James proposed legislation that would require refunds of customers and audits of cryptocurrency exchanges in her latest move to rein in the industry. James’ program bill proposes the “strongest and most comprehensive set of regulations on cryptocurrency in the nation,” according to a statement released by her office on Friday. ……
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