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Bitget unveils $5B BGB token burn as price jumps 100% in a week

Bitget unveils $5B BGB token burn as price jumps 100% in a week

Key Takeaways Bitget announced a $5 billion BGB token burn, removing 800 million tokens from circulation. BGB has surged 100% in the past week, backed by a growing user base and increased trading volume. Share this article Bitget, one of the fastest-growing crypto exchanges, announced today a $5 billion burn of its native token, Bitget […]
Gold Still At Record Highs, Despite Rising Interest Rates

Gold Still At Record Highs, Despite Rising Interest Rates

In my bulletin from January 19, 2024, titled “The Fed Has Not Won the War on Inflation”, I wrote: “The resurgence of inflation will certainly complicate the Fed’s task when it comes to making the decision that markets have been anticipating for several weeks: stock market performance is explained exclusively by the Fed’s promise of […]
Affordable Care Act & The Inflation Of Healthcare

Affordable Care Act & The Inflation Of Healthcare

When the Obama Administration first suggested the Affordable Care Act following the Financial Crisis, we argued that the outcome would be substantially higher, not lower, healthcare costs. It is interesting today that economists and the media complain about surging healthcare costs with each inflation report but fail to identify the root cause of that escalation. […]
Bitwise files ETF for firms holding over 1,000 BTC

Bitwise files ETF for firms holding over 1,000 BTC

Key Takeaways Bitwise’s ETF will include firms with over 1,000 BTC, weighted by Bitcoin treasury size rather than market capitalization. The ETF proposal highlights growing corporate adoption of Bitcoin amid its strong price performance this year. Share this article Bitwise Asset Management filed with the SEC to launch the Bitcoin Standard Corporations ETF, targeting public […]
Sensex Today Ends 226 Points Higher; Nifty Above 23,800

Sensex Today Ends 226 Points Higher; Nifty Above 23,800

After opening the day higher, the Indian benchmark remained positive as the session progressed and ended the day higher.The benchmark equity indices ended the week’s last trading session in positive territory.At the closing bell, the BSE Sensex closed 226 points higher (up 0.3%).Meanwhile, the NSE Nifty closed higher by 63 points (up 0.1%).Eicher Motors, Bajaj Finance, and M&M […]
Jobs Have Stopped Hiring, But Why?

Jobs Have Stopped Hiring, But Why?

Image source: Pixabay  More indications of substantial problems for American workers – they can’t find any jobs. But why? Moreover, what will it take to get this major hiring freeze to thaw? It isn’t rate cuts or lower rates. Nor does it appear the election has worked, either. Consumers plunged back into fears over jobs and […]
Where Trump’s China Tariffs Will Affect The US Economy The Most

Where Trump’s China Tariffs Will Affect The US Economy The Most

Image Source: Pexels  With the countdown to the Trump tariffs rapidly approaching, this morning Vince Lanci takes a look at the parts of the US economy that will be affected the most. To find out where they are, and catch up on the gold and silver news during the holiday week, click to watch the video […]
AUD/USD Exhibits Indecisiveness Around 0.6200 In Thin Year-End Trading

AUD/USD Exhibits Indecisiveness Around 0.6200 In Thin Year-End Trading

 Image Source: Pixabay   AUD/USD consolidates around 0.6200 amid thin trading volume following the Christmas and Boxing Day holidays. The RBA becomes confident over inflation easing in line with their expectations. The Fed turns cautious in interest rate cuts as progress in inflation towards the central bank’s target of 2% has stalled. The AUD/USD pair trades […]
US Dollar Trades Steadily, Ignoring Weak Industrial Data From China And Japan

US Dollar Trades Steadily, Ignoring Weak Industrial Data From China And Japan

The US Dollar trades broadly stable in very calm holiday trading  Monthly Industrial Production in Japan fell by 2.3%, less than the expected 3.5%, while big Chinese manufacturers also reported falling profits. The US Dollar Index (DXY) resides at 108.00, close to a two-year high. The US Dollar (USD) is trading within a very tight […]
Down The Hatch

Down The Hatch

Image Source: Unsplash  Global equities are celebrating the last Friday of 2024 with broad-based gains after US stocks opened lower yesterday but finished around the unchanged level. In Asia, Japanese stocks rallied on reports that the BoJ was willing to be patient regarding its next rate hike. The only decliner in the region was South Korea […]