Countries with relatively strong fiat currencies are moving to CBDCs (Central Bank Digital Currencies) at a higher clip than countries with weak fiat currencies. They’re out to try to lead in establishing their digital forms of money versus competitors, and to try to undercut the use of cryptocurrencies. Those are the findings of a study...
Category: TRENDS IN CRYPTOS
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BLOCKCHAIN BATTLES
NEXT SHOES TO DROP? Fresh off the LUNA / UST implosion, crypto analysts are speculating on where else the sector might take further hits. Bitcoin has managed to hold an average line in the 30-thousand dollar range over the last week or so. But it’s down 40 percent since April of 2021. Most alt-coins have...
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WILL LUNA UST STABLECOIN CRASH USHER IN US CBDC?
There are literally thousands of articles detailing how the Terra blockchain network and its major stablecoin assets, LUNA (TERRA) and UST experienced the worst flame out in crypto history. Quick summary (with a nod to The Observer): The trading price of UST, which was designed to maintain a 1:1 peg to the U.S. dollar, dropped...
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CALIFORNIA BOOSTS CRYPTO
California will create a comprehensive regulatory and legal framework to support the cryptocurrency industry, under an executive order signed last week by governor Gavin Newsom. The order directs government agencies to structure a framework that fosters innovation, develops an infrastructure for research, creates jobs in the industry, finds ways to implement and expand crypto usage,...
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BLOCKCHAIN BATTLES
LOSING IT IN LONDON. As Gerald Celente says, when people have nothing to lose, they lose it. According to The Guardian, London thieves are targeting digital currency investors in a spate of “crypto muggings,” with victims claiming large amounts taken after their phones were grabbed. City of London police say criminals are combining strength and...
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IT’S TIME FOR AN END-USER RIGHTS AGREEMENT
We’ve all seen those legalistic “end-user” agreements that come with every app and seemingly most activities on the internet. The ones that flash in tiny print, and basically confine the rights of end users to an absolute legal minimum, while granting endlessly expansive rights over user activity data and output to the software makers. Consumers...
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CRYPTO’S FLURRY OF SUPERBOWL ADS COMES UP SHORT
The cryptocurrency industry spent billions of dollars promoting itself during this year’s Superbowl, including an ad proclaiming “fortune favors the brave” and another featuring basketball star LeBron James urging people to “call your own shots.” Now reality has set in: inflation is rampant, the world economy is teetering, and crypto prices bounce like a LeBron...
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BLOCKCHAIN BATTLES
CRYPTOS 2022: THE BEST CASE SCENARIO. The crypto sector is amply proving it’s not immune to market forces, geopolitical turmoil, and what Gerald Celente has dubbed “DragFlation.” So what’s the best case scenario for the rest of 2022? Let me lay it out by telling a bit of personal history. I’m old enough now to...
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DIGITAL COMMODITY EXCHANGE ACT WOULD ESTABLISH REGULATION OF CRYPTO FUTURES TRADING
The Commodity Futures Trading Commission (CFTC) would be given supervision power over the booming cryptocurrency industry under bipartisan legislation proposed on Thursday. The Digital Commodity Exchange Act is a reworked version of legislation filed in 2020, according to tech and government conduit platform NextGov.com. It would define digital commodities and provide the CFTC authority to...
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BLOCKCHAIN BATTLES
ECB MEMBER COMPARES CRYPTO SECTOR TO SUBPRIME MORTGAGE CRASH The European Central Bank, busy along with the rest of the West trying to fuel WWIII over Ukraine, took time out to say cryptos are a risk comparable to the subprime mortgage crash of 2007-08. “[The] strong appeal of crypto-assets, especially unbacked ones, is a cause...