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Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we are on the cusp of a financial crisis and “it’s going to be much bigger than the last.” In addition, he said the U.S. dollar is being debased in order to fund the bank bailouts. Peter Schiff Foresees ‘Biggest Economic Disaster’ in US History Economist and gold bug Peter Schiff shared his warnings about the U.S. economy, the banking crisis, and where inflation is headed on NTD News Monday. Commenting on Federal Reserve Chairman Jerome Powell claiming that the U.S. banking system is sound and resilient, Schiff exclaimed: “It’s not sound at all. It’s a house of cards that’s starting to collapse.” Schiff explained: “Thanks to the mistakes the Fed has made since the 2008 crisis, we have a much bigger bubble now. The Fed caused the bubble that led to the financial crisis of 2008, and then they inflated a bigger bub...

Bybit has said it is inviting African youths that wish to attend a blockchain education training program to submit their applications. The training and educational program is expected to help the participating individuals learn the fundamentals of blockchain technology. Understanding the Blockchain Bybit, one of the world’s leading global crypto exchanges, has partnered with Innovation Growth Hub to launch a blockchain education and training program targeting African youths. The training program is expected to help young people learn and understand the fundamentals of blockchain, as well as how this creates new opportunities. According to a local report, experts in the blockchain field are expected to lead or oversee the interactive discussions and online lectures. An unnamed spokesperson for Bybit is quoted in the report highlighting the importance of the training program. “Our goal is to give young people the knowledge and skills they need to understand and engage with block...

This online shop highlights the advantages of crypto payments and may trigger a revolution in e-commerce. The Bitcoin (BTC) white paper published over a decade ago described a decentralized, peer-to-peer (P2P) electronic cash system, suggesting that the cryptocurrency was designed as a means of exchange. However, it has gradually deviated from that status due to its high volatility, scalability issues and transaction fees that made micropayments unfeasible. The largest cryptocurrency by market cap has been used as a store of value instead. Nevertheless, what Bitcoin did was show the way and open up an opportunity for the boom of blockchain projects that the space is currently seeing. Many of these seek to improve Bitcoin’s limitations by adopting more elastic consensus mechanisms like proof-of-stake, new features such as smart contracts and innovative solutions to address volatility, such as stablecoins. Today, digital currencies are ready to take e-commerce by storm and fulfill Bitco...

Join Our Telegram channel to stay up to date on breaking news coverage The United Kingdom government, through its Treasury Select Committee, has abandoned initial plans to create non-fungible tokens. The United Kingdom government announced plans to create NFTs in April 2022. UK Gov’t Abandons Plans To Launch NFTs According to a BBC report published on March 28, the government has backtracked on creating NFTs following a lengthy consultation with the national treasury. But, the government has kept the proposal under review for further determination. UK government is bullish on NFTS https://t.co/hFE6HzCGKg — The Rose Knight Foundation NFT – TRKFNFT.ETH (@TRKFNFT) March 28, 2023 The United Kingdom announced plans to launch NFTs earlier last year, following the then-extended crypto market hype that attracted several firms, governments, businesses, and institutions. The plans were also backed by the then chancellor, Rishi Sunak, who has since become the UK pri...

Join Our Telegram channel to stay up to date on breaking news coverage C+Charge ($CCHG), the most talked about electric vehicle (EV) charging platform, has announced a new partnership with The Waygate as it sets out to integrate the metaverse into its vibrant ecosystem. C+Charge and The Waygate partnership will provide 3D non-fungible tokens (NFTs) and capturing technology to all members of the EV charging platform. The latest string of partnerships has garnered interest from global investors, who remain keen on investing in the fast-rising token presale. Currently, the token presale is selling fast, with a staggering $3.47 million raised already, and just 24 hours before its presale concludes. Partnership With The Waygate Capture Technology: A New Addition to C+Charge Rich Strategic Collaborations C+Charge is building a sophisticated peer-to-peer (P2P) payment solution for electric vehicle (EV) charging stations built on blockchain technology. The platform allows drivers t...

In a recent talk show with Bloomberg, US chip-maker Nvidia’s CTO, Michael Kagan, has criticized cryptocurrencies for not bringing any useful contribution to society. Instead, Kagan believes that processing power used for artificial intelligence (AI), such as chatbots, is more worthwhile than mining cryptocurrencies. Generative AI is going to be explosive says NVIDIA CTO Michael Kagan https://t.co/fCpEKPDaIl pic.twitter.com/svkAe8Aa6h — Bloomberg TV (@BloombergTV) March 23, 2023 Kagan defended the company’s decision to limit the use of its graphics cards for mining Ethereum in 2021, stating that the limited value of using processing power for mining cryptocurrencies was not justified. Despite the company being a major provider for mining equipment, he championed the development of AI, particularly the chatbot ChatGPT, which allows everyone to create their machine and program by simply telling it what to do. Kagan went on to compare cryptocurrencies to ...

The Shiba Inu Burn initiative has been one of the most significant developments in the meme coin realm. With over 549,063,278,876,302 SHIB in circulation, the overall goal is to restrict supply, create scarcity, and ultimately force a price increase. Shiba Inu has emerged as one of the most prominent meme coins over time. The burn initiative has often been criticized for its volatile nature. Even though the burn rate has been quite slow in the past few days, it has reversed course. Also read: Baby Doge End of March 2023 Price Prediction According to Shibburn data, the burn rate skyrocketed by over 61765% recently, with over 830,384,034 SHIB sent to dead wallets. Source: Shibburn Over 830 million SHIB sent to dead wallets The soaring burn rate has been one of the rarest moments in the burn history of Shiba Inu. The millions of SHIB sent to dead wallets spanned across seven transactions in the last 24 hours. There were numerous transactions that involved millions...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,165 trillion. Bitcoin is up by over 2% after a rollercoaster of a week. Ethereum decreased by almost 1% over the past seven days. XRP gained more than 15% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around $49 billion. Crypto Trends 20 – 26 March 2023: Market Analysis and Performance The crypto market continues to perform spectacularly despite the horrific disasters in other financial markets, such as the banking sector. Another major scare shocked the banking world this week when UBS saved former giant Credit Suisse from bankruptcy for almost $3.3 billion. The news rippled in volatility waves across the financial landscape. Nevertheless, it barely rocked the crypto boat as only a handful of as...

Join Our Telegram channel to stay up to date on breaking news coverage The Dash price prediction is currently facing a serious decline after being rejected at a $64.76 resistance level. Dash Prediction Statistics Data: Dash price now – $60.95 Dash market cap – $682.3 million Dash circulating supply – 11.1 million Dash total supply – 11.1 million Dash Coinmarketcap ranking – #68 DASH/USD Market Key Levels: Resistance levels: $80, $85, $90 Support levels: $45, $40, $35 DASHUSD – Daily Chart DASH/USD is now moving towards the south as the price failed to head toward the upper boundary of the channel. Looking at the daily chart, Dash (DASH) shows that the price is still moving within the channel, though the price may need to retreat a little bit before heading to the upside. Dash Price Prediction: Dash Price May Break into the Downside The Dash price is likely to cross below the 9-day and 21-day moving averages, but, if buyers manag...

BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry. Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis. Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April 2020 and April 2022, and some have used the information to profit from the $1.2 billion in BTC options that are set to expire on March 24. Resilient inflation and improving housing markets According to the official consumer price index (CPI) released on March 22nd, Inflation in England unexpectedly increased to 10.4% in February due to higher food prices. This outcome is likely to prompt the Bank of England to raise interest rates on March 23, thereby increasing the li...

Independent Reserve, an Australian cryptocurrency exchange, is eyeing business options in Hong Kong . The move follows the city’s efforts to become a significant player in the digital asset space. According to Adrian Przelozny, the CEO of Independent Reserve, Hong Kong ’s “friendly” licensing system makes it a desirable location for businesses. Przelozny stated that the firm eyes Hong Kong “as a good opportunity for Independent Reserve.” Additionally, he added that they are always looking for “new areas in Asia where we can expand our business.” According to Przelozny, his team will visit Hong Kong next week. The team will speak with banks, authorities, lawyers, and compliance specialists to determine whether it would be appropriate to expand in the region. Furthermore, regarding the region’s political ties with China, Przelozny asserted that Beijing may be experimenting with a more lenient crypto regulatory environment in Hong Kong. He thinks that if it is successful, China might...

The American venture capital investor Tim Draper took the stage at Paris Blockchain Week 2023 to talk about the decentralization of the future of money. American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything" which he ended with a self-composed Bitcoin song.  The speech opened by touching on the general distrust of cryptocurrencies - primarily Bitcoin (BTC) - from centralized governments. “I think they are absolutely panicking right now,” he said. Tim Draper giving his keynote speech "The Decentralization of Everything" at Paris Blockchain Week 2023. Source: Cointelegraph Draper particularly angled his thoughts through the lens of the recent Silicon Valley Bank (SVB) crisis, which he called a “crisis of trust.” “They have shaken our confidence in the banking system… What a really strong leader would do is build that trust back. Trust the banks th...

Lekker Finance Joins Chainlink BUILD to provide network fees and other incentives to Chainlink service providers as part of Chainlink Economics 2.0. As a part of BUILD, they receive enhanced access to Chainlink’s industry-leading oracle services, technical expertise, and community support. This will help accelerate ecosystem growth and the long-term adoption of Lekker Finance’s decentralized finance protocol. As Lekker Finance Joins Chainlink BUILD. Access to Expanded Tokenized Products in DeFi With Lekker One of the winners of EthLisbon, Lekker Finance aims to advance DeFi-native leverage enhanced by the ability to tokenize positions. Getting access to leverage in DeFi can prove difficult, with users often having to hop across different protocols, costing time and transaction fees. Lekker allows users to access leverage using liquidity from other DeFi protocols. Ultimately, Lekker aims to harness the power of DeFi composability to significantly simplify the user experience of leverage...

Web3 gaming developers will be able to build on a new zero-knowledge Ethereum Virtual Machine that aims to increase ownership rights for players and take on the big gaming corporations. Gaming developers are getting a new platform on which to build Web3 games, with a tie-up between Polygon Labs and Immutable set to launch a new zero-knowledge Ethereum Virtual Machine (zkEVM). The partnership sees the two Ethereum layer-2 firms create an “Immutable zkEVM” — a Polygon (MATIC)-powered zkEVM fully supported on Immutable’s Web3 game development platform. Scheduled for a March 27 mainnet beta launch, Polygon’s zkEVM enables the validation of mass amounts of transaction data by bundling them up into one transaction that’s then confirmed on the Ethereum network. The same technology will feature on Immutable’s zkEVM solution. Polygon Labs president, Ryan Wyatt, told Cointelegraph that the technology would allow game developers to focus on building a “great game” rather than needing to divert r...

On Sunday, March 19, seven major Banks collaborated to unveil a coordinated action to bolster the provision of U.S. dollar liquidity through swap line arrangements. The Banks that joined hands include The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank. JUST IN: Several major banks announce coordinated action to increase US dollar liquidity provision in the global market through swap lines: US Federal Reserve Bank of Canada Bank of England Bank of Japan Swiss National Bank European Central Bank — Watcher.Guru (@WatcherGuru) March 19, 2023 Also Read: UBS Willing to Acquire Credit Suisse for up to $1 Billion Swap lines are basically agreements between central Banks to exchange currencies. In the most basic essence, such arrangements assist a central bank in obtaining foreign currency from the central bank that issues it, and in turn, distribute it to commercial Banks in their co...