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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will pivot, he advises investors to buy bitcoin. Robert Kiyosaki Recommends Buying Bitcoin Before
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"Few are asking, 'what happens if pivot?' – perhaps a better question is: when sustainable bottom? In other words, this is not March 2020; a recessionary bear market takes longer to bottom; among other things, the economy needs to actually bottom for the market to bottom," Callum Thomas, head of
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Bitcoin buyers stepped in on Monday after the U.S. Institute of Supply Management (ISM) said its manufacturing purchasing managers’ index (PMI) dropped to 50.9 in September, the lowest reading since May 2020, from 52.8 in August. Notably, the index's new orders and employment measures contracted, strengthening the case for the
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The Fed May Not Be Able to Pivot Even If It so Desires Source
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The BOE, Fed, and other major central banks poured billions of dollars into the financial system via QE in the aftermath of the coronavirus-induced crash of 2020, triggering an unprecedented bull run in crypto and traditional markets. Now, however, rampant inflation has forced those central banks to reverse course, sending
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Celsius CEO Alex Mashinsky recently proposed revamping the failed crypto lending business as a digital asset custody firm, according to a New York Times report. Original Source
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The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted addresses would not be able to
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Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg had warned
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The largest cryptocurrency by market capitalization was recently trading about $41,200, off about 1.3% over the past 24 hours. Bitcoin topped $42,000 late during U.S. trading hours Friday, a more than 7% increase from where it started the week as investors digested the long-expected Federal Reserve's 25-basis-point increase on Wednesday
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What’s not clear is how the new LimeWire will distinguish itself from existing music NFT platforms. Sound.xyz, which launched in December, is explicitly focused on communal listening and monetization. Royal, led by the producer Justin Blau, offers song royalties via crypto. Catalog is a marketplace for one-of-one audio NFTs. And
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