Venezuela is facing one of the highest inflation rates in the world. Inflation in the country has reached 229%, making the national currency, the bolívar, nearly worthless, reports Cointelegraph. Many Venezuelans are now turning to USDT (Tether) as a safer alternative. Merchants are also pegging prices to Binance P2P dollar rates, treating USDT as the
Hong Kong-listed company China Financial Leasing Group (2312) says it plan to raise around 86.5 million Hong Kong dollars ($11.1 million), from which it will build a cryptocurrency investment platform. China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars
Bitcoin’s recent climb to new all-time highs might not be as strong as it looks. A new report has revealed that while BTC’s price has surged, the number of active addresses on its network has dropped. This signals a negative divergence between the coin’s market price and on-chain activity. The weak participation puts a potential
Leading cryptocurrency Bitcoin (BTC) broke a new record over the weekend, reaching its highest level in its 17-year history and breaking through the $125,000 barrier. At this point, analysts predict that Bitcoin is poised for further gains in the coming weeks after reaching a new record high on Sunday, with the next target being $150,000.
Gold stormed into history on Monday after making yet another all-time high, trading dangerously close to $4,000 per ounce as traders scrambled for safety during the ongoing U.S. government shutdown and growing bets on more Federal Reserve rate cuts. Spot gold surged by 1.2% to $3,992, after touching $3,944 earlier in the day, and U.S.
Story Highlights Fed Governor Miran urges bold 50-basis-point rate cuts, aiming to support economic growth. September’s 25-basis-point cut marked first reduction since December, but Miran pushed for more. Fed projections indicate rates may fall to 3.25%–3.50% by 2026, easing financial conditions. Federal Reserve Governor Stephen Miran is calling for aggressive interest rate cuts of up
While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has
Brazil’s PIX instant payment network, once hailed as a model for financial inclusion, is now at the center of a new trade and technology clash between Washington and Brasília. The Trump administration has accused PIX of undermining U.S. companies such as Visa and Mastercard, calling the system a “state-subsidized monopoly” that distorts global competition. PIX
Bitcoin has sustained its rally above $123,000, which it broke on Friday, finishing week 39 up 10% for its best weekly performance of the year, according to CoinDesk market data. Crypto stocks with exposure to Artificial Intelligence (AI) and High-Performance Computing (HPC) are doing better than their peers that lack the same exposure. Cipher Mining
Story Highlights China Financial Leasing plans $11.1M raise to develop AI-crypto investment platform, sending Hong Kong shares up 25% amid investor excitement. Hong Kong-listed firm merges AI with crypto investment, aiming to build next-gen digital asset platform covering BTC, ETH, NFTs, DeFi, and more. Hong Kong-listed China Financial Leasing Group is making waves with its