This past Thursday, the U.S. government finally released its report evaluating the prospects of creating a Central Bank Digital Currency (CBDC)—or what it termed a “digital dollar.” At a time when the country is experiencing inflation of prices of goods and services unseen in 40 years, Fed mismanagement of the money supply is finally becoming...
Category: TRENDS IN CRYPTOS
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CRYPTO NO LONGER A GOOD INVESTMENT HEDGE, IMF SAYS
Bitcoin and other digital currencies are increasingly moving in tandem with other financial markets and, therefore, are no longer as good a hedge for other investments, an analysis by the International Monetary Fund (IMF) has found. “The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification...
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TURKS DUMP LIRA TO BUY CRYPTO
The lira, Turkey’s national currency, has become such a risky store of value that Turks are placing their faith in cryptocurrencies. Despite a government ban on using crypto as a form of payment, ads touting crypto have been plastered on buses and billboards and popped up in the airport at Istanbul; crypto shops have opened...
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BLOCKCHAIN BATTLES
TOMORROW’S STREAMERS WILL DEMAND CRYPTO INNOVATIONS, SAYS HULU. Does the future of Hulu’s entertainment streaming service involve cryptos and the metaverse? If its latest job search is any indication, the answer is yes. The American streaming platform, a rival to Netflix, is looking for expertise aimed towards “tomorrow’s streamers.” A “Brand Culture Marketing Manager” would...
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SOLANA AN ETHEREUM KILLER?
Talk of Ethereum surpassing Bitcoin in market cap has been a thing for a long time now (at least in “crypto” years). But Bank of America is making news for a prediction that Ethereum may be eclipsed by more speedier and most cost effective blockchain networks. They specifically mentioned Solana as a contender. After hosting...
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WHY BITCOIN MAXIMALISM GETS IT WRONG
God bless Michael Saylor and his recognition that the sound, technologically innovative store of value engineered in Bitcoin is highly valuable in an age of massively corrosive money debasement. The Microstrategy CEO made a decision earlier than most to move his investment firm’s assets into the king of cryptos, and despite wide fluctuations and volatility,...
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MEXICO’S CENTRAL BANK GOING DIGITAL
The Bank of Mexico will launch its own digital currency within two years in an attempt to bring more people out of the country’s dominant all-cash economy and into the nation’s financial system, the administration of Mexican president Manuel Lopez Obrador announced on 5 January. The informal economy accounts for about 22 percent of Mexico’s...
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BLOCKCHAIN BATTLES
DORSEY’S BLOCK SIGNALS 2022 BITCOIN PLANS. Facebook wasn’t the only company that underwent a blockchain inspired name change in 2021. Square, the small business geared payments company headed by Jack Dorsey changed its name to “Block.” The company has signaled its ambitions to produce “the next generation of mining ASIC” and create a hardware wallet...
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ROLLING OVER TO CRYPTO VIA ALTOIRA
For those who aren’t dismayed by the swings of the cryptocurrency sector, and who have 401K accounts with old employers, there are options to roll those accounts over to IRA crypto investing. Altoira (altoira.com) offers the ability to rollover retirement accounts invested in stock market funds, to invest in cryptos instead. The firm offers access...
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BLOCKCHAIN BATTLES
U.S. GROUP SAYS CRYPTOS, NOT CENTRAL BANK ABUSES, A THREAT TO STABILITY. The United States Financial Stability Oversight Council, or FSOC, expressed alarm about the adoption of stablecoins and other digital assets in an annual report released on Friday. Consumer trust in stablecoins might be harmed by issues like illiquidity, a lack of proper protections,...