Category: Bitcoin

Federal Reserve Chairman Jerome Powell on New Inflation-Focused Policy; Bitcoin Drops 1.5% Overnight

Federal Reserve Chairman Jerome Powell on New Inflation-Focused Policy; Bitcoin Drops 1.5% Overnight

At the much anticipated Jackson Hole Economic Symposium conference on August 27 held in the state of Wyoming, Federal Reserve Chairman Jerome Powell officially announced the changes in US monetary policy going forward where the Fed will focus on increasing inflation as its main approach to the recovery of the US economy. The Fed’s “average […]

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Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

The so-called safe-haven assets such as gold and Bitcoin were under heavy selling pressure last night as the US Federal Reserve (Fed) announced new shifts in policies. Fed Chair Jerome Powell’s approval of a higher inflation goal and prolonged low-interest rates are two main approaches the Fed is taking in an attempt to stimulate the […]

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Fidelity Digital Assets validates model that predicts Bitcoin price at $1 million

Fidelity Digital Assets validates model that predicts Bitcoin price at $1 million

Fidelity Digital Assets has reviewed and validated the stock-to-flow model that predicts Bitcoin’s price at $1,000,000. Fidelity expects Bitcoin to outperform Gold after 2024 because of the stock-to-flow ratio. Asset management firm, Fidelity Digital Assets, has recently published a report analyzing the stock-to-flow valuation model created by Plan B. The report was created as a […]

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Ethereum based YFI is worth more than Bitcoin – Messari thinks it’s cheap

Ethereum based YFI is worth more than Bitcoin – Messari thinks it’s cheap

The research company Messari claims that YFI is still one of the cheapest tokens in Ethereum’s decentralized finance sector, despite the price of $13,564. Yearn.finance is approximately returning $20 million annualized for YFI holders. Designed to be a zero value token at launch, YFI has become one of the most appreciated assets on the crypto […]

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Bitcoin Ad Printed in Major Hong Kong Tabloid Newspaper Apple Daily Amidst Civil Unrest

Bitcoin Ad Printed in Major Hong Kong Tabloid Newspaper Apple Daily Amidst Civil Unrest

Following the arrest of 72 year-old Hong Kong fashion and media tycoon Jimmy Lai two weeks ago on charges of suspected “collusion with foreign forces”, namely the US, in his fight for Hong Kong’s freedom against China’s oppressive control over Hong Kong, the Apple Daily, a popular tabloid in the city owned by Lai, published […]

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