This is my first post ("Hello, everyone!") and I wanted to be helpful to the newbies out there, as I remember wondering this myself when I got into crypto a few months back. The premise: "If I split my seed words in half, and store them in two different places (maybe two different HOUSES!), then…
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Everyone in here wants to see bitcoin at 100k per coin. But what will come after that? Let's say I would only have 100 bucks to invest into bitcoin right now. It reaching 100k wouldn't even double my investment. That's why we all love to invest into smaller cap coins altough it is most often…
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The marketing will adjust to a new crypto future, with a decentralized consumer community, operating via Web 3.0.
I can work out how to mint NFTs with ERC721 or ERC1155 contracts where each NFTs metadata points to some data on IPFS with the ticket and event information. I can also implement a smart contract function that allows user wallets to claim these NFTs and transfer then into their own wallet. I am…
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On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at the helm,” after El Salvador’s […]
I was browsing YouTube and came across this channel called "Ethereum". It has a live video of Vitalik interview and on the side you can see "Send X ETH to get 2X ETH back" It has 3000 people watching and 116k likes…. This is very disturbing! how many people are falling for this scam!? you…
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Bitcoin expert Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million. His comments come after Bank of England’s deputy governor for financial stability, Jon Cunliffe, warned that cryptocurrencies could spark a global financial crisis unless tough regulations are introduced. Although regulators in many countries have started putting policies in place to manage the rapid growth of cryptocurrencies, Cunliffe said this must be pursued as a matter of urgency. Bank of England Warns Against Crypto The deputy Bank of England governor has called for strict regulations on Bitcoin and other cryptocurrencies. According to the Guardian, Cunliffe has played a central role in monitoring cryptocurrencies over recent years as an adviser to the G20’s financial stability board and the central banks’ overarching advisory body, the Geneva-based Bank of International Settlements. Related Reading | Bank Of England Seeks To Strengthen Cryptocurrency Regulations In a speech on Wednesday, October 13, Cunliffe compared the growth rate of the crypto market, from $16 billion five years ago to $2.3 trillion today, to the $1.2 trillion subprime mortgage market before the 2008 financial crash. He said there was a probability that financial markets could be rocked in a few years by an event of similar magnitude. “When something in the financial system is growing very fast and growing in largely unregulated space, financial stability authorities have to sit up and take notice,” he said. He also spoke about the majority of crypto-assets having no intrinsic value and could be worthless overnight. He stated emphatically how the crypto world is beginning to connect to the traditional financial system even though the space is still largely unregulated. The banking chief added that there were “Financial stability risks currently are relatively limited, but they could grow very rapidly if, as I expect, this area continues to develop and expand at pace. How large those risks could grow will depend in no small part on the nature and on the speed of the response by regulatory and supervisory authorities.” Related Reading | Bank of England Governor Still Isn’t a Fan of Bitcoin His comments are similar to those of Bank of England Governor Andrew Bailey. In May, Bailey called crypto dangerous and warned that investors should be prepared to lose all their money due to the digital assets’ lack of intrinsic value. Bitcoin Expert’s Response Bitcoin expert Max Keiser responded to the Bank of England’s deputy governor’s recent warning about cryptocurrencies in a statement to Express.co.uk. He said, “Bitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.” BTC trading at over $60.8K | Source: BTCUSD on TradingView.com Keiser implies that the BoE is grieving because Bitcoin killed central banks. “Bitcoin killed central banks. The Bank of England is in the second stage of the five stages of grief, the anger phase.” He further pronounces that the Bank of England will eventually consider adopting Bitcoin. “The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops £363,000 ($500,000) and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops £727,000 ($1million) per coin,” Keiser says. Featured image by Proactive investors, Chart from TradingView.com
submitted by /u/PapayaJuiceBox [link] [comments]
Hello to all the Vechain Lovers, Vechain just announced that DHL, one of the biggest supply chain management enterprises, will use the Vechain for their upcoming NFT collection. We don't know any details yet and i myself am unsure what to think. Is this big is it not? Why is Vechain focusing on NFT anyway…
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