Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago
Ad European Central Bank’s (ECB) president Christine Lagarde said that Central Banks might lose relevancy if they fail to adopt central bank digital currencies (CDBC), according to a clip shared by Twitter news outlet Radar. ECB on CBDCs Lagarde reasoned that Central Banks are perceived as “monetary anchors” by commercial banks, which mandates them to…
Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 2 days ago
Ad The following is a guest post by web3 strategist Toby Fan, and Aly Madhavji, Managing Partner at Blockchain Founders Fund. Social media has forever changed how we view and manage financial crises. Banks need a way to tactfully handle what is now being coined “social media risk.” Viral games of the telephone played at…
Ad Billionaire venture capitalist Tim Draper believes businesses should hold “at least two payrolls worth of cash” in Bitcoin (BTC) and other cryptocurrencies. Draper did not specify the percentage allocated to Bitcoin versus altcoins. However, he called BTC a hedge against deteriorating economic conditions. Bitcoin is a hedge Draper said that the collapse of banks…
Ad The founder of crypto-friendly Custodia Bank, Caitlin Long, said regulators would “be playing Whack-a-Mole” with problems if they continued to suppress Bitcoin (BTC). War on crypto Recently, a spate of regulatory enforcement actions raised suspicions of a coordinated attack on the U.S. crypto industry. Most recently when the SEC served Coinbase a Wells Notice…
Ad Arthur Hayes said Bitcoin won’t hit $1 million in 90 days. However, the former BitMEX CEO told Bankless Podcast host David Hoffman that he thinks BTC can “absolutely” go to a million this cycle. “Do I think Bitcoin is going to a million dollars in 90 days? No, I do not. Do I think…
Ad Former Coinbase CTO Balaji Srinivasan warned people to “GET TO BITCOIN BEFORE DIGITAL LOCKDOWN.” The comment came in a lengthy tweet about banking system weaknesses and the soon-to-be-released FedNow payment network. Srinivasan described a hypothetical situation where individuals have “Bitcoin independence” or are confined to a CBDC system. He compared the latter to a…
The co-founder of Real Vision, Raoul Pal, poured cold water on the likelihood of Bitcoin hitting $1 million in the next 90 days. Pal told Anthony Pomplino that Balaji Srinivasan’s $1 million Bitcoin bet has zero chance of happening. However, he said the concepts underlying the bet, namely the impact of hyperinflation on asset prices,…
Flagstar Bank — a subsidiary of New York Community Bancorp, Inc. — will acquire Signature Bank, as per a press release sent out by the Federal Deposit Insurance Corporation (FDIC) on March 19. Signature was up for sale and being auctioned by the FDIC — with the caveat that any buyer would be forced to…