Economist Peter Schiff has warned that the Federal Reserve has gotten its policies wrong for 20 years, which has “significantly harmed the economy and made dire consequences inevitable.” Emphasizing that the Fed cannot win its fight against inflation, he stressed: “The markets are confident that the Fed is going to pull this off. It’s not […]

Last week, the crypto market experienced a massive sell-off that sent Bitcoin’s price down to as low as $25,000. The sharp market movement ended several months of unprecedented calmness in the crypto market. Previous CryptoSlate analysis pinpointed the derivatives market as the primary catalyst for the aggressive sell-off. The futures market saw a significant deleveraging […]

The post Bitcoin’s Role in Personal Liberties Takes Center Stage in Robert F. Kennedy Jr.’s Presidential Bid appeared first on Coinpedia Fintech News Robert F. Kennedy Jr, the 2024 presidential hopeful, recently voiced strong support for Bitcoin’s role in preserving personal liberties. In a post on the X social media platform, Kennedy described Bitcoin as […]

The post FTX’s Sam Bankman-Fried Pleads Not Guilty to Fraud and Money Laundering Charges appeared first on Coinpedia Fintech News Sam Bankman-Fried, who used to be the CEO and co-founder of FTX, said he’s not guilty of fraud and money laundering charges in an updated case. The news report stated that the hearing happened in […]

The post Ripple Attorney Suggests: Coinbase’s Acquisition Could Have Included XRP appeared first on Coinpedia Fintech News The XRP price has regained its pre-July 2023 Summary Judgement value of $0.51 following the latest developments in the XRP vs SEC lawsuit. Yet, according to John Deaton, the attorney representing numerous XRP token holders in the legal […]

The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency. Australia’s central bank has completed it’s pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including […]

A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.” He warned that “the adverse consequences in one sector can bleed over into another, causing lasting economic harm.” Gary Gensler’s SEC Faces Backlash for […]

A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A United States district court has sentenced to 36 […]

Quick Take Recent data analysis reveals an all-time high in Bitcoin’s long-term holder supply, defined as Bitcoin held for more than 155 days, reaching 14.654 million. Conversely, the short-term holder supply, considering Bitcoin holdings of less than 155 days, has plummeted to an all-time low of 2.561 million if we exclude the year 2011. This […]

Nate Chastain, formerly an employee at OpenSea, has been sentenced to three months in prison on insider trading charges according to the U.S. DOJ on Aug. 22. U.S. Attorney Damian Williams commented: “Nathanial Chastain faced justice today for violating the trust that his employer placed in him by using OpenSea’s confidential information for his own […]