Author: Steven Sahiounie

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. Whether it’s the Patriot Act, COVID-19 measures or the proposed RESTRICT Act, it seems that the only thing U.S. politicians can agree on is that taking away freedoms is essential. It’s for your own safety, you see. And we can’t forget about security, too. Who wouldn’t want to be safe and secure? The unilateral agreement around these measures has made the phrase “bipartisan” a warning sign in my eyes and I…

On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend. ETH price holding key support Ether’s price recovered modestly to $1,920 on May 7 after testing its 50-day exponential moving average (50-day EMA; the red wave) near $1,850 as support a day ago. Moreover, the price volatility dropped on Kraken in the said period, per the contracting Bollinger Bands Width in…

Charles Edwards, Capriole Fund founder and Bitcoin analyst, foresees a major catalyst that might boost Bitcoin’s price in 2023. The year 2022 was a rough one for cryptocurrencies, marked by falling prices after the Fed introduced restrictive monetary policies by hiking interest rates. Most recently, the Federal Reserve moved to increase its benchmark interest rate by 25 basis points on Wednesday, which caused a drop in cryptocurrency prices. The Fed has now implemented a steady barrage of 10 straight interest rate increases since March 2022 to temper an overheating economy and control skyrocketing prices. The only way the Fed can…

Data from the month of March reveals that China’s inflation has dropped from 1 percent in February to 0.7 percent. China recorded the lowest inflation rate worldwide as of March at 0.7 percent, and Russia ranked 102nd place at 3.5 percent despite the historic anti-Moscow sanctions imposed by the West in the past year, Sputnik reported on Saturday based on statistical data. European countries such as Spain (3.3), Switzerland (2.9), and Liechtenstein (2.9) were not far behind Russia, while Hungary and Moldova recorded 25.2 and 22 percent respectively. The highest inflation levels were in Lebanon at 264%, Argentina at 104.3%, Zimbabwe at 87.6%, Suriname…

Ether rose more than 6% at one point Friday and was hovering just below the key $2,000. Market participants put the move on attempts to bring meme mania back to crypto. The newly created SpongeBob token (SPONGE) has surged almost 600% since and is trading at less than 1 cent per coin, according to CoinMarketCap. Pepecoin (PEPE) is up more than 120% over the past 24 hours. “One of the main reasons ETH is up … is down to a resurgence of memecoins,” said Conor Ryder, research analyst at crypto data provider Kaiko. “Whatever your thoughts on memecoins, the facts are they…

WTI Crude (JUN) settled up 4.05% on Friday at $71.34 after hitting a high of $71.81 earlier on Friday. This was the highest level since May 2, when WTI traded as high as $71.42 Meanwhile, WTI Crude is lower -7.09% week to date for the 3 straight negative week and the worst week since Mar. 17, when WTI Crude lost -12.96% Brent settled up 3.86% at $75.30 hitting a high of $75.75. Brent closed down -5.33% WTD for the 3 straight negative week . Natural Gas (JUN) settled up 1.71% at $2.137 after hitting a low of $2.031. Nat gas closed down -11.33%…

Bankrupt crypto lender Voyager Digital has announced plans to self-liquidate its assets and shut down operations after deals to sell itself to FTX or Binance.US fell apart. In a Friday filing, lawyers of the company revealed that Voyager customers will now recover 36% of their crypto holdings, lower than the 72-73% estimated recovery rate they would have received if the Binance.US acquisition plans had gone through. However, according to the filing, the recovery rate could increase if defunct crypto trading firm Alameda Research is unsuccessful in attempting to claw back $446 million from Voyager’s estate. Voyager’s lawyers are also withholding further…

The cryptocurrency market has experienced a slight setback as both Bitcoin (BTC) and Ethereum (ETH) witnessed a dip of nearly 3% in their prices.  As the week unfolds, investors and traders are keenly observing the market trends, seeking insights on the possible future movements of these leading digital assets. In this price prediction, we will delve into the factors influencing the market, analyze the recent price actions, and explore expert predictions to help you anticipate what to expect in the week ahead for the crypto market. Unforeseen Shift in Bitcoin’s Key Metric and its Effects on Price Trend A noteworthy change in one of…

Earnings for Warren Buffett’s Berkshire Hathaway jumped in the first quarter, thanks in part to a rebound in the conglomerate’s insurance business. Operating earnings, which encompass profits from the conglomerate’s fully-owned businesses, totaled $8.065 billion in the first quarter. That’s up 12.6% from $7.16 billion a year prior. Profit from insurance underwriting came in at $911 million, up sharply from $167 million a year prior. Insurance investment income also jumped 68% to $1.969 billion from $1.170 billion. Geico saw a big turnaround in the quarter, returning to a big underwriting profit of $703 million. The auto insurer suffered a $1.9 billion pretax underwriting loss…

Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn’t lose money in the firm’s collapse. The sudden downfall of SVB in March forced the Federal Deposit Insurance Corp. to seize the bank, selling some of its assets to First Citizens weeks later. The FDIC protected SVB customers in the process by invoking the systemic risk exception during the March tumult, allowing the regulator to make all depositors whole, even if their accounts exceeded the $250,000 coverage threshold. “It would’ve been catastrophic” if regulators hadn’t done that, Buffet said during his annual shareholder…