While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke records and nickel tapped an 11-year high.…
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given some advice on how to profit from inflation. Bitcoin is part of his strategy. He also praised the Ukrainian government for standing up to Russian President Vladimir Putin. Robert Kiyosaki on Profiting From Inflation The author of Rich Dad Poor…
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Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____ The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target Russian financial institution and individuals…. Read More: Could the Ukraine Invasion Spark a Global…
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While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market historian Daniel Yergin thinks the current warfare in Ukraine could…
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Bitcoin (BTC) kept falling on Friday as the US dollar jumped higher following strong economic data that showed the number of jobs created in the US rose much more than expected. As of Friday at 17:15 UTC, BTC stood at USD 40,879, down almost 4% for the day but up 7% for the past…
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Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall. Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions. When Bitcoin rallied…
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Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the “implications for the U.S. economy are highly…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: IRS Comes for Crypto John Does, Bitcoin Mining Difficulty Drops, Complex Apps on Algorand + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The US Federal Reserve (Fed) will “proceed carefully” with its plan to hike interest rates this year despite the war in Ukraine, with the first hike of 0.25 percentage points still expected at the Fed’s next meeting in March, Fed chair Jerome Powell said during a hearing in Congress today. “We can’t know how…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: G7, EU Working on Russia’s Crypto Isolation, Shareholders vs. ConsenSys + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
