Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, predictions of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All this and more just below, in the latest Bitcoin.com News Week in Review. The
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Britain’s transport secretary has warned that the walkout by nurses in England that begins on Sunday evening could “put patients at risk”, as the dispute between the government and health unions over pay and working conditions intensifies. Nurses affiliated with the Royal College of Nursing are due to strike from 8pm on Sunday evening until
Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall. The comments from the 99-year-old investor and sidekick to billionaire Warren Buffett come as turmoil ripples through the country’s financial system, which is reckoning with a
People are seen at the entrance of the UBS office in London, Britain March 20, 2023. Henry Nicholls | Reuters After identifying the 10 best analysts on Wall Street of the past decade, here is a list of the 10 top research firms. To create this list, TipRanks analyzed every stock recommendation made by investment research
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with
Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams. While hacking into YouTube channels to promote scams has been a long-standing method of targeting unwary investors, the number of creators on the platform reporting hacks has increased. Most recently, DidYouKnowGaming
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending. Bitcoin Is Still the ‘Most Dominant’
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency
Scotland’s governing Scottish National party is facing historic difficulties as it reels from a very public police investigation into its finances. Party president Michael Russell has called it the SNP’s worst crisis in 50 years, while Nicola Sturgeon has said events since she quit as leader last month surpassed her “worst nightmares”. “It’s a real
When Joe Biden this week announced plans to seek re-election in 2024, he immediately triggered speculation as to whether he could serve a full second term. Most political pundits agree that, at 80, age is one of Biden’s biggest political vulnerabilities. If re-elected, he would be 82 at the start of his next term and
A small number of tech companies are driving an ever-increasing share of the US stock market’s gains, prompting concerns among investors about the sustainability of the rally. The S&P 500 has risen 8 per cent so far in 2023, but 80 per cent of the increase has been driven by just seven companies, according to
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block
Households across Europe are facing a persistent pinch from one of the worst cost of living crises since the second world war, despite inflation falling almost as quickly as it rose. Even by late next year, real incomes will not have regained the levels they reached before the surge in price growth, according to analysis
Plans to pre-fund the UK’s deposit insurance scheme would be an “extra tax” on lenders, affecting their ability to extend loans to cash-strapped households and businesses, the building societies body has warned. The Bank of England is considering an overhaul of the UK’s Financial Services Compensation Scheme that will probably involve pre-funding the system so
The woman in charge of preventing sexual misconduct at the World Health Organization has criticised a male-dominated culture in UN agencies and said the global health body was not a safe place for “all people” despite efforts to root out the problem. “It is the prevalent culture in the UN system . . . The culture in all our
Change is afoot in South Cambridgeshire, the parliamentary constituency that wraps around the entire western side of the famed university city. In the past decade, the world-class research coming out of Cambridge’s colleges has driven a boom in industries such as pharmaceuticals and technology. Residents of places like Cambourne or Great Shelford are more likely
A dispute over airline routes between the US and China has emerged as a further sticking point in efforts to improve relations between the countries after Joe Biden and Xi Jinping agreed stabilising ties was necessary in November. The US has offered to grant Chinese airlines the same number of weekly flights between both countries
U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the lawmaker. Senator Rand Paul on U.S. Dollar Losing Reserve Currency Status U.S. Senator
Top Stories This Week Circle launches cross-chain USDC transfer protocol Circle launched a cross-chain protocol that enables USDC transfers between the Ethereum and Avalanche blockchains. The protocol works by burning the selected amount of native USDC on the source chain, and minting an equivalent amount of new USDC on the intended destination chain. The protocol
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and