Category Archives: Crypto Daily

Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’

Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal Open Market Committee (FOMC) will give markets clues on whether or not the Federal Reserve plans to taper quantitative easing and raise interest rates. Meanwhile, Joe Biden’s administration has dismissed inflation and […]

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Bank Of England ‘Britcoin’ Will Fuel Rising Bitcoin Prices, Says deVere CEO

Nigel Green has reportedly commented on the UK’s new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption. Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England’s rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire. Green’s comments come after it was reported in April that the UK was considering implementing a central bank digital currency (CBDC) “aimed at tackling some of the challenges posed by…bitcoin.” A month later, the Bank of […]

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Why Bitcoin Will Usurp Fiat As The World’s Medium Of Exchange

The competition will become clearly one-sided as the black hole of value that is bitcoin absorbs everything around it. Bitcoin was never going to be a store of value… until it was. It was never going to become a reserve currency, right up until the point when major businesses and investors started converting their fiat treasuries into bitcoin. And the next thing the “experts” have mistakenly assumed is that bitcoin will never be a fully-fledged currency, a medium of exchange — yet that too is changing. This […]

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Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report

Amazon is reportedly planning to accept bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. Furthermore, the company is exploring launching its own cryptocurrency. “The directive is coming from the very top … Jeff Bezos himself.” Amazon’s Crypto Project ‘Ready to Roll’ Following the news of Amazon seeking to hire a digital currency and blockchain lead, City A.M. publication reported that the company actually has plans to accept bitcoin and other popular cryptocurrencies. Citing “an insider” at […]

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Major Thai Telecom Operator Plans To Out-Mine All Of Southeast Asia

Jasmine Telecom Systems has announced its ambitious Bitcoin mining plans to become the largest BTC miner in Southeast Asia. The Stock Exchange of Thailand (SET) listed subsidiary of Jasmine International (JAS), called Jasmine Telecom Systems (JTS) has announced ambitious Bitcoin mining plans. JTS plans to become the largest Bitcoin miner of the ten nations comprising the Association of Southeast Asian Nations (ASEAN). The Thai telecom operator will install 500 Bitcoin mining machines over the course of the third quarter this year. In the following year, JTS aims […]

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Why You Should Be Bullish On Bitcoin

The last week has held many bullish events and occurrences, and the price of bitcoin reflected that! Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary It’s been quite the week for bitcoin. Elon Musk revealed that SpaceX, in addition to Tesla and himself, holds bitcoin with no imminent plans to sell. Jack Dorsey pushed a bitcoin positive agenda onto Twitter shareholders, recommending an “aggressive” approach to investing […]

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Bitcoin Awareness And Adoption In Singapore Is Huge

The IRCI Singapore found that 90% of citizens have heard of Bitcoin while 40% own it, with 39% of Singaporeans seeing it as an investment. An independent research survey published today examined Singapore’s awareness, adoption, trust, and confidence in Bitcoin and cryptocurrencies, finding a 63 of 100 rating for the Asian country. The Independent Reserve Cryptocurrency Index (IRCI) is a research survey performed by the Australian bitcoin exchange Independent Reserve. The company attempts to measure how diffused bitcoin and cryptocurrency are in a particular country by evaluating […]

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Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security

The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals $10 Million Bug Bounty Fund ‘Priority One’ Security experts and bug bounty hunters now have incentive to help the Binance Smart Chain (BSC) developers secure the network. On Monday, the BSC project revealed “Priority One,” a $10 million fund for projects built on […]

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Massive Short Squeeze Pushes Bitcoin Closer to $40K, Crypto Economy Jumps 9% Higher

The price of bitcoin jumped over 15% in a matter of three hours on Sunday evening and came awfully close to the $40K handle. Since then, the crypto asset has dropped back a few percentages and currently hovers above the $38K range. The entire cryptocurrency economy has spiked 9.72% rising to $1.53 trillion in overall value. Bitcoin’s Price Skyrockets After Long Period of Consolidation Bitcoin and digital asset values have risen dramatically during the last 12 hours as bitcoin (BTC) jumped more than 15% yesterday evening (EDT). […]

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The Intelligent Person’s Guide To Bitcoin

Bitcoin is a paradigmatic transformation of humanity’s oldest technology: money. This guide is for those willing to view it through that lens. The below is a response to professor Fabrizio Carmignani’s interview, titled “Dummy’s Guide To Crypto,” which I found was genuinely written by a dummy, for dummies. It’s always fascinating when experts of the old comment on the new paradigm that makes their old paradigm obsolete. The classic meme that comes to mind depicts Paul Krugman, who said that, by 2005, the internet will have no […]

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