Bitcoin News
Bitcoin hoarding, another sign crypto is an inflation hedge
Bitcoin's scarcity premium puts crypto into direct competition with gold and treasuries.
Forkast.News
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Economy
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Bitcoin News
The Bitcoin-energy connection intensifies
Equities and Bitcoin have a clearly demonstrated bond, but now oil is strengthening its relationship to crypto, too
Forkast.News
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Bitcoin News
Tech selloff positions Bitcoin as an inflation hedge
Markets on Tuesday in the U.S. were unsettled by the prospect that energy crises in Europe and China could lift inflation to new highs, compelling central banks to reverse accommodations sooner than expected. US Treasuries reacted with a fierce rise in yields and that spilled over to the equity markets. Although the markets drove down […]
Forkast.News
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Crypto Trading and Strategies
Crypto investors brush off Evergrande
The cryptocurrency market has rebounded in the past 24 hours as news broke that China Evergrande Group, the second largest property developer in the world’s most populous nation, has taken a step back from falling off a potential debt cliff today. Fast facts While the overall cryptocurrency market is still down for the week, all […]
Lachlan Keller
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Crypto Trading and Strategies
Evergrande’s uncertainty rocks crypto market
Crypto investors and industry watchers are following closely the potential collapse of Chinese property giant Evergrande.
Lachlan Keller
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Bitcoin News
El Salvador rolls out 200 Bitcoin ATMs ahead of nationwide adoption
In preparation for El Salvador adopting Bitcoin as legal tender, the nation is rolling out 200 ATMs and preparing 50 bank branches across the nation to allow residents to exchange crypto for fiat easily, President Nayib Bukele has announced over the weekend via Twitter. Fast facts With El Salvador’s Bitcoin adoption bill coming into effect […]
Lachlan Keller
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Regulation
Survey predicts crypto will rival or replace fiat within 10 years
Cryptocurrency and other digital assets are expected to rival or displace fiat currencies within the next decade, according to Deloitte’s 2021 Global Blockchain Survey. Fast facts More than three quarters of the 1,280 executives and practitioners surveyed by Deloitte, the global consulting, tax services and auditing firm, think that digital assets “will serve as a […]
Tom Zuo
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Regulation
El Salvador’s finance minister says Bitcoin is ‘totally optional’
In what will likely be a relief for many Salvadorans, El Salvador’s finance minister said the use of BTC will remain “totally optional” and businesses will not be sanctioned for not using it when the country’s controversial BTC law comes into effect on Sept. 7, reports Yahoo News. Fast facts The country’s adoption of BTC […]
Lachlan Keller
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Regulation
Fitch warns El Salvador’s Bitcoin adoption will drag down credit rating
In another criticism of El Salvador’s planned Bitcoin adoption, global credit scoring agency Fitch Ratings has warned the move will likely adversely affect credit ratings of the country’s insurance sector, due to heightened foreign exchange and earnings volatility risk. Fast facts Fitch Ratings explained in a press release on Monday that once a law comes […]
Lachlan Keller
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Regulation
Venezuela launches CBDC amid runaway inflation and currency redenomination
In an effort to curb runaway inflation, Venezuela’s central bank is removing six zeros from its currency and putting a digital bolivar into circulation on Oct. 1, according to reporting by Bloomberg. Fast facts An example of a central bank digital currency, the digital bolivar was announced by the Venezuelan central bank’s Twitter account yesterday […]
Lachlan Keller
