More importantly, the macroeconomic environment on those occasions differed from today’s high inflation, high-interest rate climate. Back then, M2 money supply of major central banks – U.S. Federal Reserve, European Central Bank, Bank of Japan and People’s Bank of China – grew rapidly, as CoinDesk reported last year. Interest rates were stuck at or below … Read more
“Although the U.K. is well placed to harness the opportunities presented by the growth of the digital economy, considerable preparation and investment in education, training and skills will be needed to make the most of these opportunities and to ensure that the U.K. has the necessary talent pipeline to help it realize its goal of … Read more
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“The wealth-management layer within ZIGChain shall allow a truly effortless user experience by building a wealth management service on top of any DeFi protocol, no matter how complex it is,” Torben Jorgenson, a partner at UDHC, which also participated in the round, said in a statement. “We are excited by the vision, and hence, becoming … Read more
“If bitcoin can hold above this level, it keeps the direct focus on that next push to a fresh record high and towards $100,000,” Kruger said. “If on the other hand we see more downside pressure that translates to a breakdown below $59,000, this will delay the short-term bullish outlook and open the door for … Read more
Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. #Bitcoin #ETFs … Read more
The core technology associated with bitcoin, cryptography, is not new but it has re-emerged with blockchain and smart contract technology, which supports tokenization. A token is a unit of value that can be transferred, stored, and traded on the blockchain and is a digital representation of potentially many different kinds of assets, such as ownership … Read more
Protect Progress and Fairshake — which disclose their contributors, unlike another dark-money crypto political organization, Cedar Innovation Foundation — are backed by a long list of digital assets giants, including Ripple Labs, Coinbase and the investing duo Marc Andreessen and Ben Horowitz. Unlike the campaign spending blitz of the last congressional elections, which had been … Read more
That digital gold became the go-to description is likely why we have a mishmash of ideas about bitcoin today; it’s a hedge, a store-of-value, a means of payment, a beta trade, a bet against fiat and, increasingly, a development platform. Everyone wants bitcoin to be everything all at once when in reality, over the past … Read more
Suku, a provider of Web3 tools, in collaboration with Alchemy and Privy, has launched SukuPay, “a simple, free and fully non-custodial global money transfer solution,” according to the team: “Leveraging account abstraction, SukuPay removes the need for initial setup like creating a wallet or remembering a seed phrase, while still providing a non-custodial experience. With … Read more