Category: Crypto News

Fed’s Minutes Report ‘Bludgeons’ Global Markets – Stocks, Crypto, Precious Metals Slip in Value

Recently published notes of the Fed meeting last month. These notes indicate that the U.S. central banking believes the economy is strong enough to reduce major asset purchases and raise the benchmark interest rate. Vishnu Varathan , Mizuho Bank’s financial author, stated in a report the Fed minutes update ‘bludgeoned markets’ after being published. Randall W. Forsyth, Barron’s financial writer,…

‘It’s game over fiat currency’ says El-Salvador President backing Bitcoin experiment in country

Thursday, December 23rd, El-Salvador President Nayib Bukele reiterated his belief in Bitcoin (BTC). He stated that once widespread adoption happens, it’s ‘game over for fiat. The physical currencies, such as the Rupees and Pounds, are called “fiat”. Bukele claimed that Bitcoin legalization has sparked a revolution in his country. Bukele took to Twitter to say that…

Budweiser Launches 1,936 NFT Cans, Bud-Themed Marketplace Gets Bogged Down With Traffic

The crypto community debated the purchase by Budweiser of an NFT by Tom Sachs, titled ‘Life of the Party‘. Budweiser also purchased the Ethereum Name Service domain (ENS) on August 11, 2021. Opensea records shows that Budweiser spent $96,000, or 30 ether, to purchase the ENS domain. Because it’s a tribute to the first Heritage Cans that were launched in 1936,…

US President Biden Nears Decision to Choose Fed Chair – Reports Indicate Toss-up Between Powell and Brainard

U.S. President Joe Biden is contemplating who will lead the Federal Reserve after Jerome Powell’s term expires next February amid rising inflation and supply chain woes. Media pundits believe the timing of is critical. The U.S. central banks have been discussing reducing quantitative easing (QE), and raising rates. These are conversations thus far, and the Fed members have yet to decide on…