Monthly Archives: June 2022

5 reasons why Bitcoin could be a better long-term investment than gold

Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.  For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually a better investment than gold? Let’s take a look at some […]

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Brazilian central banker describes how CBDC system can halt bank runs

In constructing its Real Digital, Brazil’s central bank is developing mechanisms that can freeze citizens’ conversion to CBDCs in the event of a bank run. In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out. Through the so-called Real Digital, the central bank […]

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Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for

Some traders lost hope this week after BTC price rejected at $32,400, but many say this level is where they will become buyers. The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value.  The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to push Bitcoin (BTC) above $30,000 […]

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Japan Adopts Legislation Establishing Legal Framework for Stablecoins

The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a bill designed to determine the legal status of stablecoins. The authors of the legislation have effectively defined these cryptocurrencies as digital money, Bloomberg reported following the vote on Friday. With the new […]

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BitcoinRacing — The Only Race Team In The World To Be Supported By The Nation Of El Salvador

Bitcoiners can reach the entire world through this fast-paced, adrenaline-fueled sport, as a team champions the cause of Bitcoin. This is an opinion editorial by Charles MacKenzie, head of business development at BitcoinRacing. Have you ever seen an articulated lorry drive past you with a huge glossy Bitcoin logo, and the flag of El Salvador plastered down its side as you travel the U.K.’s highways? My guess is no! Well, not yet anyway! But now, due to the efforts of a family-run race team, you might just […]

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Fed governor explains who needs crypto regulation and why demand for it is growing

Experienced investors know how to survive, Christopher Waller reasons, but there can be wide repercussions when small investors are hit with losses. Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive. The banking official […]

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Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price volatility. The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized […]

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A Macroeconomic Overview Using Chart Analysis

An in-depth look at various currencies and their charts as well as observations on energy commodity prices and how they’re affected by world events. Watch This Episode On YouTube or Rumble Listen To The Episode Here: Apple Spotify Libsyn Overcast In this episode of the “Fed Watch” podcast, we focus on important macro charts. We cover bitcoin’s chart, currencies like the dollar, the euro, the Hong Kong dollar, and gold as well as energy commodities. We didn’t have time to get to all the charts I prepared, […]

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Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us”

Christopher Waller, a Board of Governors member of the Federal Reserve, explained that regulating bitcoin and crypto markets isn’t for experienced investors. Federal Reserve Board of Governors member Christopher Waller recently explained regulating bitcoin and cryptocurrency markets is to “protect the rest of us.” The board member explains that fear of unstable markets for new investors inherently weakens the ecosystem as users look to socialize losses. The governor said the space is evolving from assets like bitcoin “meant to provide an alternative means of payment,” to risky financial […]

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Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead. The total crypto market capitalization has ranged from $1.19 trillion to $1.36 trillion for the past 23 days, which is a relatively tight 13% range. During the same time, Bitcoin’s (BTC) 3.5% and Ether’s (ETH) 1.6% gains for the week are far from encouraging. To date, the total crypto market is down 43% in just two months, so investors are […]

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