Powell Destroys Credibility, Says Inflation is Forever
Jerome Powell, the 16th chair of the United States Federal Reserve, said in a recent statement that sky-high inflation might become permanent. This is in sharp contrast, a full 180 degree pivot, to the statement that he gave a year ago claiming that inflation would be transitory. Despite multiple interest rate hikes, the US economy […]
Prominent Bitcoin Mining Company Announces Resignations
Compass Mining, a prominent Bitcoin mining company, announced today that both their CEO and CFO will be stepping down. In a statement released by the company, they announced that their “Board of Directors has accepted the resignation of Chief Executive Officer Whit Gibbs and Chief Finance Officer Jodie Fisher.” The pair will be replaced by […]
Why Bad News is Good for Bitcoin
“First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.” (Nicholas Klein 1914) For any investor, and especially for anyone in Bitcoin, we are all quite familiar with the expression of FUD. But let’s examine a little bit about the core meaning of Fear, Uncertainly and […]
Bitfinex “making a big investment” into El Zonte Capital
The Bitcoin exchange Bitfinex has made a sizable contribution to the El Zonte Capital Hyberbitcoinization fund in El Salvador. Investors, podcasters, and OG Bitcoin dynamic duo, Max Keiser and Stacy Herbert made the Bitfinex announcement Monday morning on Cafe Bitcoin. Bitfinex have made a very sizable contribution to El Zonte Capital Max and Stacy formed […]
Stephan Livera Crushes Miami Shitcoin
Renowned Bitcoiner, investor, and podcaster Stephen Livera calls out Miami Mayor Francis Suarez for endorsing Citycoin. Since Livera’s statement, Miami citycoin has cratered -88% in USD terms. Stephan Livera is a leader in the Bitcoin Space as the Managing Director of Swan International at Swan Bitcoin. Livera also hosts the Stephan Livera Podcast, one of […]
MicroStrategy to pledge ‘other collateral’ if necessary; will not sell Bitcoin, says Michael Saylor
Bitcoin price dropped below the cost basis of MicroStrategy, fear of margin call CEO Michael Saylor suggested MicroStrategy will not sell its bitcoin The firm has 115,109 BTC that are not obstructed by liens or potential defaults The company could pledge some other collateral for its bitcoin-backed loan In addition to 115,109 unencumbered Bitcoin available, […]
Buckle up, the first week of May was a roller coaster for Bitcoin
The month of May kicked off with some significant Bitcoin Price fluctuations. The week ended with BTC trading near the $34,000 USD mark, close to this year’s previous low price of approximately $33,000 USD in January. Bitcoin Twitter is celebrating the cheap price for Sats. Uncertainty is around, but not doubt: Perhaps part of the […]
Turkish Lira Inflation blows up 70% fueling Bitcoin adoption
The Turkish Lira crashes on Thursday as the nation reports an annual inflation rate of 70%, the highest in over two decades. Turkey’s Statistical Institute, TurkStat, assessed the annual inflation rate reached 61.14 per cent in March, which is the highest inflation rate in the last two decades. Consumer goods, food, utility bills and taxes […]
Meet Russia’s trade partner, Central African Republic
Central African Republic new trade partner of Russia In 2013, the United Security Council has placed an arms embargo on the Central African Republic (CAR). Russia was given an “exemption” in Dec 2017 and security personnel have been in the country ever since. Russia is interested in natural resources in CAR. CAR adopts bitcoin as […]
Another Deutsche Bank Raid, Another Whistleblower Dead
A raid was carried out by Germany’s federal police office, criminal prosecutors, and country’s financial watchdog targeting Deutsche Bank headquarters in Frankfurt this morning. The raid came only four days after the discovery of Valentin (Val) Broeksmit’s body at Woodrow Wilson High School in El Sereno, near Los Angeles. William Broeksmit, Val’s father, hung himself in […]
