Month: May 2023

AAVE To Reach $120 As Sparklo (SPRK) Presale Gains Momentum

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AAVE is performing very strongly in 2023, leading investors and market analysts to predict it will reach $120 by the second quarter of 2023. Some have called this target ambitious, but AAVE’s recent market performance has been very strong, despite falling significantly in March. It has even reached $90 on a couple of occasions. Speaking … Read more

Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

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Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome … Read more

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

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The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have … Read more

US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls

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Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning “credit tightening” more frequently in earnings calls than during the 2008 financial crisis. Additionally, Google Trends data indicates a surge in search queries related to bank failures and crises. The findings suggest that the U.S. economy is … Read more

Former SEC Enforcement Chief: Coinbase’s Arguments ‘a Surefire Loser’ and Possibly Criminal

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According to John Reed Stark, crypto exchange Coinbase’s assertions that its business activities were endorsed by the U.S. Securities and Exchange Commission (SEC) when it approved its initial public offering are “a surefire loser.” According to Stark, the SEC’s approval of Coinbase’s registration statement was done to ensure the latter had made “proper disclosures in … Read more