Microstrategy’s bold move to accumulate bitcoin has drawn its share of fire from critics, largely due to the financial hazards and strategic questions it raises. Bubble Trouble? Critics Call Microstrategy Stock a ‘Ponzi Scheme’ Since 2020, the business intelligence firm has been on a bitcoin shopping spree, with its latest acquisition adding 55,500 BTC to […]
The G7’s finalized deal approving a Russian assets-backed loan of $ 50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their allies. Russian Assets-Backed Loan Has the Potential …
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required to follow Know Your Customer (KYC) guidelines. Control Over Bitcoin’s Hashrate Is a Nuanced […]
In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn’t universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors to manipulative practices reminiscent of those alleged in precious […]
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin …