The persistent deflation in China is a serious worldwide economic issue.
China is spiraling deeper into deflation, and it’s not just Beijing’s problem anymore—it’s everybody’s. Prices have been falling for six straight quarters. One more, and China ties the grim record from the Asian Financial Crisis in the 1990s. But it’s not like Beijing is sitting around doing nothing. Policymakers are
Gold advocate Peter Schiff labels Bitcoin a “national security threat”
Peter Schiff, a well-known supporter of gold and a critic of Bitcoin, has sparked new conversations about cryptocurrency by calling Bitcoin a “national security threat.” In a recent post on X (formerly Twitter), Schiff said that Bitcoin’s misuse and increasing popularity hurt economic efficiency and waste resources. He said that Bitcoin
Trump Taps Paul Atkins as SEC Chair: A Boost for Crypto Industry
President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and pro-business conservative, to chair the Securities and Exchange Commission (SEC). Known for advocating lighter regulations, Atkins is expected to ease the regulatory burden on the cryptocurrency industry. The announcement, made via Trump’s Truth Social platform, signals a shift
Bitcoin and Crypto Set for 2025 Shakeup as SEC Eyes New ETFs
Bitcoin prices have surged, approaching the $100,000 mark, as optimism around crypto exchange-traded funds (ETFs) grows. Analysts predict bitcoin’s value could skyrocket to $30 trillion, fueled by BlackRock’s continued backing of spot bitcoin ETFs. This surge also follows rumours that a country may be quietly accumulating bitcoin, further driving demand.
Bitcoin Soars as SEC Chair Gary Gensler Announces Resignation
Gary Gensler, chair of the US Securities and Exchange Commission (SEC) and a prominent critic of the cryptocurrency industry, has announced his resignation. Gensler will officially leave his position on 20 January 2025, the day Donald Trump is inaugurated as the next US president. In a post on X, Gensler
