Crypto Investing app Matrixport is offering vehicles geared for experienced and pro level investors. The platform markets itself as a one-stop place “to Custody, Trade, Earn, Invest and Borrow with Your Crypto.” Some of their offerings include: Fixed Income Products Crypto Purchasing Dual Currency Investment Vehicles “Smart Pool” DeFi Investing “Smart Trend” Guaranteed Minimum Yield...
Category: TRENDS IN CRYPTOS
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CRYPTO WILL NOT REPLACE GOLD
We said it before, they are saying it now. Almost 85 percent of central bankers do not expect cryptocurrencies to replace gold as their national stores of value, according to an annual survey of 30 central banks by financial services firm UBS. Also, 57 percent do not expect digital currencies to have a meaningful impact...
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BLOCKCHAIN BATTLES
THE RACE IS ON FOR CRYPTO APP STORES. Tendermint, already known for apps built on the Cosmos blockchain network, has announced the beta launch of a full fledged crypto app store. The store is set to act as a platform where blockchain DeFi (Decentralized Finance) and other apps can be utilized within a unified framework. ...
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ETHEREUM UPGRADE WILL “BURN ETHER”
The fast approaching Ethereum 2.0 upgrade addresses possible inflationary aspects of the token. The upgrade, dubbed the “London hard fork,” has already begun to roll out on test versions of the Ethereum network. The fork will make significant changes to the way the ethereum network handles transaction fees. The new protocol imposes more predictable fees,...
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WYOMING OKAYS NATION’S FIRST DAO “CRYPTO LLC”
Wyoming has been in the forefront of cryptocurrency innovation and adoption in the United States, thanks to legislative achievements such as allowing users to keep their digital currencies with banks. Beginning in July, the state recorded another milestone, legalizing American CryptoFed DAO to operate as a special type of Limited Liability company. Specifically, according to...
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WHAT HAPPENS WHEN THEY OUTLAW BITCOIN?
Many people unwilling to invest in cryptos doubt their intrinsic value. A number of those arguments have been previously addressed in these pages (for example, see our 15 June, 2021 article “WHAT IS THE VALUE OF CRYPTOS AND BLOCKCHAINS?”). Another species of argument against cryptos is that they will be driven to worthlessness because they’ll...
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ISRAEL HAS TESTED DIGITAL SHEKEL, OFFICIAL ADMITS
Israel has conducted a test of a digital shekel, the national currency, Andrew Abir, the Bank of Israel’s deputy governor said, apparently inadvertently, during a panel discussion at the Fair Value Forum hosted this month by research college IDC Herzliya. Later, Abir downplayed the test’s importance. “I had previously estimated that the chance of having...
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GLOBAL BANKSTERS GOING DIGITAL
As we had forecast, central banks, led by China, would be going digital. And last week Hyun Song Shim, director of research at the Bank for International Settlements (BIS), said in a 23 June statement reported by the New York Times that digital currencies issued by central banks “are an idea whose time has come.” ...
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BINANCE SHAKES OFF U.K. BAN
Binance says news that U.K. regulators had blocked a subsidiary of its crypt trading platform from operating in that country won’t impact its current business. That’s because “Binance Markets, LTD” had not even launched. The crypto exchange said over the weekend that the proposed operation was a legally separate legal entity that “does not sell...
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BLOCKCHAIN BATTLES by Joe Doran
CHINA AND U.S. FOCUS ON CRYPTOS. 2021 was the year of “The COVID WAR”, as Gerald Celente has famously named it. 2021 may well be seen as the definitive launch of “The Crypto Wars”. On one side are elite authorities used to manipulating fiat currencies for their own narrow gains in wealth and power. On...
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