US Government’s $104B Monthly Interest Expenses Fuel Bitcoin & $Best’s $17.6M...
Quick Facts: ➡️ The US paying $104.4B in one month on interest alone reinforces concerns about long‑run debt sustainability and fiat debasement pressures. ➡️ Bitcoin’s hard‑capped supply continues to attract investors seeking insulation from policy‑driven inflation, but on‑chain UX still lags mainstream expectations. ➡️ Wallet competition is shifting toward mobile‑first, non‑custodial platforms that integrate swaps, […]
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Despite having closed at the lower arc a couple days ago, Bitcoin nevertheless reversed and pushed through several layers of resistance. It is now looking at the 3rd arc on the 4-hour chart. The market is fractal. For reasons I can only guess at, Gann setups ‘work’ on several/many levels simultaneously, even on the same chart. But only one of those setups is the ‘best’, if we define ‘best’ as the setup which forecasts correctly each turn, all the way up to the end of a move. The setup above is a bit bigger than the one I had been using previously. This setup, as you can see, is framed with....
An ICO fraudster spent more than $7 million in fraudulently obtained covid relief on luxury personal expenses, including a Rolex, a luxury apartment, and a new Mercedes. A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and misleading investors in a fraudulent initial coin offering during 2018.According to an April 20 announcement from the U.S. Department of Justice, Taiwanese national, Justin Cheng — also known as “Justin Jung” — Cheng submitted a series of online loan applications accompanied by....
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of […]
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. The letter stresses that there is an urgent need to curb America’s inflationary pressures, but further notes the “‘Inflation Reduction Act of 2022’ is a misleading....
Nigeria has recently tightened control over bitcoin’s use. However, Bitcoin interest in the country remains strong despite the government’s efforts there. Government’s Crackdown Efforts. Last week, the Central Bank of Nigeria (CBN) issued a circular to banks and other financial institutions requiring them to take certain actions relating to digital....