Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.
A research note from Goldman Sachs published on Monday has painted a bull case for gold over the price of bitcoin. The bank’s research note comes at a time when the entirety of the crypto market is facing adversity and the price of bitcoin is down more than 70% from its all-time high price at current levels. According to Goldman Sachs, gold actually presents the opportunity that investors seem to be looking for in bitcoin. Gold Is A Better Inflation Hedge In the research note, Goldman Sachs says it expects gold to perform better than bitcoin in the long run given its already established use cases. For one, gold remains a hedge against inflation and dollar debasement, as well as being a better portfolio diversifier compared to bitcoin. Related Reading: Why The GBTC Discount Could Lead To A Bitcoin Sell-Off Additionally, Goldman Sachs explained that gold is not as affected by tighter liquidity as BTC. Since there is more demand for gold, it tends to do better in situations such as these whereas digital assets such as bitcoin tend to succumb to such liquidity crunches. The research note also compares bitcoin to a “risk-on high-growth tech company stock.” As well as the digital asset’s value is based on future use cases instead of established use cases like in the case of gold. It explained that since bitcoin is “a solution looking for a problem,” it is more prone to volatility and is a more speculative asset compared to gold. BTC trending at $17,400 | Source: BTCUSD on TradingView.com Can Bitcoin Close The Gap? Bitcoin is often referred to as the ‘digital gold’ due to its performance over the years. It has been utilized as an inflation hedge by many at various stages, but the bull and bear cycles can see BTC fall short as a hedge during times such as these. Add in the collapse of major players in the space and the digital asset has taken massive hits in the past year. Related Reading: Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible? Goldman Sachs points to the recent implosion of the FTX crypto exchange in bitcoin’s recent high volatility, noting such collapses as the cause of the decline. “Bitcoin’s volatility to the downside was also enhanced by systemic concerns as several large players filed for bankruptcy,” the research note said. Given these, the investment bank believes that gold is set to outperform bitcoin in the long run. “Moreover, gold may benefit from structurally higher macro volatility and a need to diversify equity exposure,” it added.
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: […]
I said what I wanted to say in the title, but I have to write like 60 words in order to make a post, so these are those words. I’m just gonna write one more sentence just to be safe. I hope you guys like the video. https://youtu.be/ok4Q3pOCgWM submitted by /u/El-Coco-No [link] …
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Reddit avatar Streets Of New Conia for Sale https://preview.redd.it/u8jrxkycrq5a1.png?width=745&format=png&auto=webp&s=aa22c02ebc3f64e3bccf370dfad781718d9dbacd submitted by /u/VersionSpecific4070 [link] [comments]
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According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange
Im not talking about exchanges or any BS like that, do I need my own node to stake eth or how does this work. like if I have eth in my cold storage how do I go about making apy without any risk of losing any eth. submitted by /u/Spades_999 [link] [comments]
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday.