In spite of turbulence in traditional global finance, creativity in crypto has found a new boon in the form of controversial inscriptions, called Ordinals, on the Bitcoin Blockchain.
BRICS Nations 'Coalescing Against the Dollar,' Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form of controversial inscriptions, called Ordinals, on the Bitcoin blockchain. All this and more, just below, in the latest Bitcoin.com News Week in Review.
Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the Fed to raise interest rates three more times this year.Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy.
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Post Politics Now: Biden to huddle virtually with Zelensky, leaders of G-7 nationsBiden plans to convene a meeting virtually with Ukrainian President Volodymyr Zelensky and leaders of the Group of Seven nations to mark the first anniversary of Russia’s invasion of Ukraine and talk about the path forward. Follow along for live updates:
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Senior Russian official threatens Polish borders as Moscow mounts aggression against other European nationsFormer Russian President Dmitry Medvedev issued a direct threat against NATO on the anniversary of the war in Ukraine by calling on Moscow to push Western defenses across Polish borders.
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What does the United Nations do other than waste US taxpayer dollars?The world has tried many things to try and stop Russia’s war of aggression against Ukraine, including arming the Ukrainians and sanctioning the Russians. But has anyone thought of simply asking Russia to stop?
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Ireland hold off spirited Italy for 34-20 Six Nations winWing Mack Hansen scored a brace of tries as Ireland held off a spirited challenge from hosts Italy in Rome to claim a 34-20 bonus-point victory in the Six Nations and stay on course for a Grand Slam.
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Farrell bemoans Irish finishing in tough Six Nations win over ItalyIreland coach Andy Farrell was pleased with the five points but not the performance after watching his side labour to a 34-20 victory over Italy in their Six Nations fixture in Rome on Saturday.
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Why Bitcoin Could Be Stuck in Bearish Elliott Wave Pattern Despite 47% RallyBitcoin's resurgence this year has convinced many analysts that the crypto bear market has ended but QCP Capital suggests that the token’s 47% year-to-date rally looks like a 'bear breather' and the final leg of the bear market could soon resume. The analysis is based on Elliot Wave theory, which assumes that asset price movements can be predicted by observing and identifying a repetitive wave pattern. “All About Bitcoin” host Christine Lee breaks down “The Chart of The Day.”
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