Inflation Rises at Fastest Pace in 30 years Oct. 29, 2021 Source: Pixabay The US Commerce Department just reported that annual inflation increased at its fastest rate in over 30 years. The Personal Consumption Expenditures price index, including energy and food, rose to 0.3% for October. Year-over-year rates increased to […]
Month: October 2021
Bitcoin ETF Off to a Great Start, Up 3% First Day of Trading
New Bitcoin Investment Vehicle Debuted on Wall Street, With More on the Way Source: Pixabay A new Bitcoin-focused exchange-traded fund, ProShares Bitcoin Strategy ETF, debuted on Wall Street. ProShares Bitcoin Strategy ETF will trade in Bitcoin futures contracts that speculate on the future price of Bitcoin as opposed to the […]
Gold’s Journey Signals Dollar’s Instability. Supply Chain Issues
Is the Dollar on its Way Out? Oct. 15, 2021 Source: Diabetes Self Management Gold had an interesting week, as the start of the fourth quarter draws in mixed reports, stemming from weak jobs reports, continued COVID-19 restrictions, record-high oil prices, supply chain bottleneck, and inflation. The Fed continues to […]
Tether, $70 Billion Stablecoin or Unstable Ponzi Scheme?
Oct. 11, 2021 Sources: Pixabay Since the creation of Bitcoin in 2009, digital currencies have become all the rage, with a total market cap of $2.25 trillion. There are over 6,500 cryptocurrencies in circulation today, all with individual characteristics and features to differentiate themselves from each other. One set of […]
Bitcoin Record-Breaking Gold Coin Now Worth $54 Million
A simple gold Bitcoin that cost the anonymous owner just $4,905 back in 2011, is an incredible return on investment Oct. 7, 2021 Source: PCGS Stored away in a drawer for over a decade, this one-ounce gold coin was created with a 1,000 Bitcoin (BTC) denomination. At the time of […]