Bitcoin jumped above $22,000 Monday as the cryptocurrency market hoped that the contagious and chaotic events of the past week were over. At 6:30 a.m., the world’s largest cryptocurrency traded at $22,228.70 ET is up around 4% according to CoinDesk data. Bitcoin traded at $22,493.61 during the last 24 hours, its highest level since June 16. Other cryptocurrencies...Read More

The Reserve Bank of Zimbabwe (RBZ), announcing its plans to issue gold coins, issued a statement on July 4, advising ‘the general public of the main features and characteristics of the coin’. The statement states that the public will be able purchase gold coins at a price determined by the current international price of gold and production costs....Read More

The crypto industry is in dire need of help, and there’s no central bank that can save them. Sam Bankman-Fried, the billionaire chief of crypto exchanges, has signed agreements to bail out two companies in just a few weeks: BlockFi (a quasi-bank) and Voyager Digital (a digital asset brokerage). FTX, Bankman-Fried’s crypto exchange, agreed Tuesday...Read More

The World Bank warned of a global recession. David Malpass, President of the World Bank, stated that “recession will be difficult to avoid” for many countries. “This is the most severe slowdown in 80-years.” World Bank: Global Recession and Stagflation Tuesday’s warning by the World Bank was about the increasing risk of global recession and stagflation. David Malpass,...Read More