Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the best performer” this year and stated that the U.S. Federal Reserve will not cut rates until a “massively nasty recession” occurs. Gold to Outperform Major Assets in 2023: Strategist Gareth Soloway’s Market Prediction Many analysts, market strategists, and economists are making predictions about asset prices and performances in 2023. Some predict that gold and cryptocurrencies will…
Read MoreDay: February 5, 2023
FTX seeks to claw back political donations by the end of February
FTX’s new management is sending messages to politicians and political groups to return donations by the end of the month. FTX’s new management is sending messages to politicians and political groups to return donations by the end of the month. Cointelegraph.com NewsRead More
Read MoreBitcoin, Ethereum and select altcoins set to resume rally despite February slump
Bitcoin and select altcoins such as ETH, OKB, ALGO, and THETA may extend their up-move after a brief correction. Bitcoin and select altcoins such as ETH, OKB, ALGO, and THETA may extend their up-move after a brief correction. Cointelegraph.com NewsRead More
Read MoreMeme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High
The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 billion. Dogecoin and Shiba Inu Dominate Meme Coin Market With 94% Market Share The top meme coins by market capitalization have gained in value against the U.S. dollar…
Read MoreVisa’s crypto strategy targets stablecoin settlements
At the StarkWare Sessions 2023, Visa’s Cuy Sheffield shared the company’s vision for digital assets. At the StarkWare Sessions 2023, Visa’s Cuy Sheffield shared the company’s vision for digital assets. Cointelegraph.com NewsRead More
Read MoreNFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $188.51 million in NFT sales. 7-Day NFT Sales Increase; Otherdeed, Doodles See 44% to 58% Growth NFT sales remain steady this week and during February 2023, with $39.72 million in recorded sales so far this month. Over…
Read MoreWhat is the global financial crisis and its impact on the global economy
The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks. The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks. Cointelegraph.com NewsRead More
Read MoreStarkware commits to open source its ‘magic wand’ Starknet Prover
The prover is the crucial engine Starkware uses to roll up hundreds of thousands of transactions and compress them into a tiny cryptographic proof written on the Ethereum blockchain. The prover is the crucial engine Starkware uses to roll up hundreds of thousands of transactions and compress them into a tiny cryptographic proof written on the Ethereum blockchain. Cointelegraph.com NewsRead More
Read MoreBTC Institutional Investor Forecast for 2023, Musk Makes McDonald’s Promise Again, Kiyosaki Says ‘We Are in Global Recession’ and More — Week in Review
As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless cryptocurrencies via regulations and policy. For an institutional investors’ perspective on bitcoin, Elon Musk and McDonald’s news, warnings of a “global recession,” and more, see just below, in this latest issue of the Bitcoin.com News Week in Review. Institutional Investors Forecast ‘Strong…
Read MoreBitcoin price may retest $20K on US CPI amid absence of soft landing — trader
The Fed will not save the U.S. from recession with rate hikes, and risk assets will suffer, Michaël van de Poppe warns. The Fed will not save the U.S. from recession with rate hikes, and risk assets will suffer, Michaël van de Poppe warns. Cointelegraph.com NewsRead More
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