BITCOIN

Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.” Njoroge said the Central Bank of Kenya will continue to point out the risks posed by unregulated crypto activity. Outgoing Governor Says Kenyan Central Bank Has ‘Wealth of Information’ The Central Bank of Kenya (CBK) governor, Patrick Njoroge, recently said the apex bank’s stance towards crypto is not driven by personal views but is informed by the “wealth of information that is in the central bank.” He said while different individuals may have different views about crypto, it is the 57-year-old institution that ultimately determines the country’s crypto policy. Outgoing CBK governor on Crypto Regulation "Regulation is Important… If it is well Regulated, things are easier."~ @njorogep "we've made the point that they provide Significant Risk

Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings still has concerns about the country’s ability to repay its debt. As a result, the credit rating agency has placed the U.S. “AAA” rating on negative watch, emphasizing that recent events have lowered “confidence in governance on fiscal and debt matters.” Fitch Ratings Still Has Concerns About the US Fitch Ratings, one of the three largest credit rating agencies in the U.S., announced on Friday that the United States’ “AAA” credit rating remains on “negative watch” despite the recent debt limit agreement reached in Congress. The other two major rating agencies in the U.S. are Moody’s Investors Service and Standard & Poor’s. The U.S. avoided having to default on its debt obligations after Congress passed a bill Friday to suspend the debt limit until Jan. 1, 2025. Without the agreement reached in this bill, the country could default on its debt obligations on June 5 , according to Treasury Secretary Ja

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. “You should be extremely worried. If you’re not, you don’t know what’s going on,” he stressed, adding that there will be trouble in all markets. Jim Rogers on US Debt Crisis, Worst Bear Market, and the US Dollar Losing Dominance Veteran investor Jim Rogers reiterated his warnings about the biggest market downturn and the U.S. dollar losing its global reserve currency status during an interview with Real Vision last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. He cautioned: The next bear market will be the worst in my lifetime, because the debt has gone up by such staggering amounts in the past 14 years. Rogers reiterated his previous explanation that the U.S. experienced a bear market in 2008 due to excessive debt. He pointed out that since 2