So I realize people don't quite grasp the full story on the CBDC thing. What I see now is what I imagine an intelligent op based, or Neocon based attempt to use CBDCs as a red herring to distract you from the greater danger to crypto. This greater danger is legislation and CipherTrace/TRM surveillance. First…
Read more
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens being financially excluded. Central Bank Mulls Delaying CBDC Rollout The governor of the Central Bank […]
AVAX price posted a multi-month higher high, signaling that the altcoin’s downtrend is over, but a decline in network activity could weigh on the current rally.
Former BitMEX CEO Arthur Hayes published a prediction for Ethereum. In a post titled “Five Ducking Digits”, Hayes makes the bullish case for the second cryptocurrency in terms of market cap. Related Reading | Ethereum Bullish Signal: 1.2 Million ETH Exited Exchanges Recently At the time of writing, Ethereum trades at $3,400 with a 5% profit in the last 24 hours. As NewsBTC reported, Hayes believes the current financial system began a new phase as a consequence of the war between Russia and Ukraine. The international community imposed sanctions on the former country as a response. Russia has been cut off from the international financial system, its social elite has been punished, and its gold reserves seized. The Vladimir Putin-led country and other superpowers, Hayes argued in his thesis, will push to dethrone the U.S. dollars as a global reserve currency. This will lead to higher Gold and Bitcoin prices as people will flee to stores of value, and neutral monetary systems. Hayes’ latest post follows this idea of the global financial crisis that will benefit cryptocurrencies. Hayes Prediction On Ethereum, Why The Financial Sector Will Embrace It The former BitMEX argued that Ethereum will see appreciation on the back of two main factors. First, the full deployment of ETH 2.0 capabilities with “The Merge”. This event will join Ethereum’s execution layer or ETH 1.0 with its consensus layer or ETH 2.0, the Proof-of-Stake blockchain. Set to reduce ETH’s network energy consumption by 99%, it’ll provide the digital asset with a strong narrative: it’ll become ESG-compliant. In other words, institutions will be able to trade and create investment products based on the cryptocurrency without facing backlash based on its consensus algorithm. When Tesla invested in Bitcoin, the company’s CEO, Elon Musk, had to stop accepting it as a form of payment. The first crypto is considered a threat to the environment by its detractors. Post Merge, Ethereum will provide its node validators with rewards for staking ETH and securing the network. This will create another narrative, Ethereum could be deemed a bond for the benefit of the “financial advisors”, for the elite in the financial sector. Thus, it could see greater adoption. Hayes explained: (…) paired with ETH 2.0’s ESG-compliant label (another stamp of intellectual ossification), and protocol metrics that are more attractive than the cadre of layer-1 (L1) “Ethereum killers” makes ETH supremely undervalued on a relative basis vs. Bitcoin, fiat, and other L1 competitors. ETH Holders Will Be The Biggest Winners “The Merge” will provide stakers, according to data provided by Hayes, with an initial 8% to 11.5% Annual Percentage Rate (APR). As an asset operating like a bond ETH will present new investment opportunities. A bond is a form of debt created between two parties, a company, government, or in this case the Ethereum network. Beyond a simple price prediction, Hayes invited traders to consider this new possibility as ETH prepares for its upcoming “Merge”. He said: If you believe that ETH can or should be valued as a bond, then as an investor – given your long-term interest rate and ETH reward assumptions – you should be willing to buy ETH at today’s prices (…) This trading opportunity, along with the full deployment of its PoS capabilities will attract fresh capital. Money from “ESG-friendly” investors looking for crypto exposure, but unable to obtain as long as PoW is the dominant consensus algorithm. Hayes added: Sentiment will all change when ETH becomes an ESG-friendly, POS blockchain, which ESG funds can then invest in. This opens up ETH to hundreds of billions of USD worth of fiduciaries who due to ETH’s classification, can now safely invest (…). Related Reading | TA: Ethereum Trims Gains, $3,200 Is The Key In the coming months, Hayes believes ETH will outperform in the layer-1 sector. This event could take market share from the “ETH Killers”, such as Cardano, Terra, Avalanche, Solana, and Polkadot.
Anything you recommend people to check out? Would love some recommendations for cool dApps. I'm only aware of things like Crypto Kitties, so I'm interested in seeing something now useful) submitted by /u/KingKongOfSilver [link] [comments]
I know it happened before to others but my issue is with Coinbase. I gave my client my eth address and they accidentally sent ETC to that address. I find out that in that situation for ETH and ETC it's easy to retrieve the amount but only if you have the private key. Is that…
Read more
PRESS RELEASE. The ARTIC team is made up of highly skilled IT engineers, art consultants, designers, and various other professionals with an average of more than 20 years of experience in their respective disciplines. The ARTIC team intends to use blockchain technology to tackle contemporary problems like copyright infringement, counterfeit difficulties and provenance, which are […]
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
Traders say BTC is following the expected trajectory, but several macroeconomic factors and geopolitical tensions remain a threat to Bitcoin hitting a new all-time high.
We should make this image at 999, 468 https://preview.redd.it/s9bovga3dzq81.png?width=511&format=png&auto=webp&s=f7f71ec0ea45578fff4bf56c2f282e9f10b8064f submitted by /u/Raian- [link] [comments]
