BIS compares projects to transfer central bank digital currencies across borders
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.
I want to stack ether and put it to use but ideally in a simple method such as staking. I am curious if someone can explain if there is a known cheapest way to buy ether and use it in defi? Previously I bought ether for cheap on loopring L2 it needs to be brought…
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Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition.
The inventor of Ethereum Vitalik Buterin took aim at the controversial Bitcoin price model Stock-To-Flow (S2F). Buterin believes the model is “not looking good” and openly criticized it because it gives crypto investors a “false sense of certainty”. Related Reading | Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here? This creates the illusion, according to Buterin, that Bitcoin will constantly trend to the upside. As the recent price action has proven, this could lead to many people losing their initial investment and more. Buterin said via his Twitter account while presenting the following chart: I know it’s impolite to gloat and all that, but I think financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get. Created by pseudonym analyst Plan B, as seen in the chart, this model predicted that BTC’s price was going to reach $100,000 by the end of 2021. The model deviated as Bitcoin trended to the downside later that year, and many consider it a failure. Detractors, like Vitalik Buterin, believe the model fails to take other key variables into consideration and only projects BTC’s price to the upside for the coming future. For example, it failed to predict what would happen to Bitcoin under the current economic conditions, with a reduction in global liquidity and a U.S. Federal Reserve (Fed) raising interest rates. In response to Buterin’s comment, the inventor of the S2F Model, Plan B said: After a crash some people are looking for scapegoats for their failed projects or wrong investment decisions. Not only newbies but also “leaders” fall victim to blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash. It Is Possible To Predict The Price Of Bitcoin? Plan B has made changes to its S2F model and now refers to the 2019 original version and the new S2F version. As seen below, both versions predict a BTC’s price trending to the upside in 2022 and the foreseeable future. If BTC stays on its current levels, around or below $20,000, in the coming months the analyst said the S2F model “will be less useful”. The other scenario is that BTC is “extremely undervalued and will bounce back soon”. On the effectiveness of the S2F and any other model used to predict financial performance, Plan B said: Prediction is hard, especially the future. EMH even says predicting financial markets is impossible. Related Reading | Cardano Vasil Hard Fork Launch Date Set, Time To Buy The News? Later, as the conversation around the S2F model got heated, Plan B added: So I share my analysis and charts FOR FREE. Never told anybody to buy or what/when/how/howmuch to buy. Now covid, China ban, Russia war and inflation tank all assets including bitcoin … and somehow some weeners blame their investment decisions on me? Lame.
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The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered. Bank of Spain Crypto Registry […]
Hello guys, I am Doo Kwon't. The new CEO of Tether. We are a Multi Billion dollar company. That's at least four zeros in our net worth. But not before a decimal place I know that the cryptocurrency space has been generally weary weary of us. Despite us doing audits from people that we trust.…
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Picture this. You walk into a bar, all you want is a nice cold drink, to relax and unwind from a stressful day in the fiat mine. You plonk yourself down at the bar. Suddenly you feel an ominous presecence. You turn around slowly and see a smartly dressed boomer smiling at you. He proceeds…
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Today, the team of delta.theta revealed the official launch of its regulated P2P crypto options exchange. Via partnering with regulated broker Just2trade, the delta.theta platform is able to ensure KYC/AML processes, followed by gaining access to the P2P crypto trading platform. In the newly-launched hybrid DEX platform, individuals will be able to buy and sell…
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Obviously you guys don't know what happened with Bitconnect. Same kind of thing, different scam. The Ceo's and top employees were always doing AMA's, part of the community, etc etc. When the rug pulled, you never saw them again. Now the celsius cult think if they short the coin it will resolve the liquidity problem.…
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