The Federal Reserve has resorted to flooding the economy with dollars to curb inflation. According to Forbes, the M2 money supply in April 2021 was $20.11 trillion, representing a 30% increase since January 2020. Too many dollars in the system reduces the currency value. In addition, there is pent-up demand — more money going after…
Binance Coin is raising. Cardano has doubled in August, becoming the third-largest digital coin, while Avalanche has tripled. Meanwhile, prices for NFTs, mostly funny digital photos or cartoon depictions, are going mad, sometimes quadrupling in a few days. Analysts and investors did not come to a consensus on what’s driving this craze. Some suggest speculators…
Stephen Stonberg, CEO of Bittrex Global, praised the efforts of the UAE authorities to poise a crypto-friendly positioning of the region. Helped by the region’s status as a tax haven, Dubai is poised to benefit from the growing cryptocurrency market in the Middle East, he said in an interview with Bloomberg. Stephen Stonberg, Bittrex CEO…
Deloitte, one of the Big Four, surveyed financial leaders as part of its 2021 Global Blockchain Survey, with the results suggesting a transition to digital assets is inevitable. Cybersecurity, regulation, and privacy are seen as the biggest obstacles to the global adoption of digital assets, according to a survey. Of 1,280 executives surveyed across Asia,…
Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system, writes Brad Yasar for Сointelegraph. Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to…
Jordan Peterson, a popular Canadian psychologist, Professor, writer, and public intellectual, released a podcast on Youtube, sharing his thoughts regarding the value of Bitcoin, which is “preferable to gold.” The episode titled “Bitcoin: The Future of Money?” containing an in-depth technical, philosophical, and economic conversation between Dr. Peterson and well-known bitcoiners John Vallis, Richard James,…
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