The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023. India’s Finance Minister on RBI-Backed Digital Currency …
Monthly archives: May 2022
Macro Economist Raoul Pal Issues Mass Liquidation Warning, Says Every Market Position You Have Is Likely Wrong
Macroeconomic expert Raoul Pal says global markets are locked in a mass liquidation phase – and he doesn’t expect a turnaround in the short term. In a new interview on Real Vision, Pal says no matter what’s in your portfolio, more pain is likely in store. For now, Pal cites the US dollar as the …
Warning: Smartphone text prediction guesses crypto hodler’s seed phrase
Seed phrases, a random combination of words from the Bitcoin Improvement Protocol (BIP) 39 list of 2048 words, act as one of the primary layers of security against unauthorized access to a user’s crypto holdings. But, what happens when your “smart” phone’s predictive typing remembers and suggests the words next time you try to access …
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Why Are Millennials Running After Crypto Investments?
HodlX Guest Post Submit Your Post According to a recent CNBC Survey conducted by Spectrum Group, most millennial millionaires who have already had a massive chunk of their wealth in cryptocurrencies are thinking of investing more despite clashes in crypto prices. It is also to be noted that millionaires are more bullish about the economy, …
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Self-custody, control and identity: How regulators got it wrong
The recent European Union proposal requiring centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders shows the dangers of recycling traditional finance (TradFi) rules and applying them to crypto without appreciating the conceptual differences. We can expect to see more of this as countries look to implement …
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Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot
Decentralized finance (DeFi) platform Fei Protocol offered a $10 million bounty to hackers in an attempt to negotiate and retrieve a major chunk of the stolen funds from various Rari Fuse pools worth $79,348,385.61 or nearly $80 million. On April 30, Fei Protocol informed its investors about an exploit across numerous Rari Capital Fuse pools …
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Bitcoin Price Prediction for Today April 30: BTC Revisits the $37.5K Low
Bitcoin Bulls Overwhelmed by Bears as BTC Revisits the $37.5K Low – April 30, 2022 On April 26, BTC/USD was faced with selling pressure at the $40,800 high as BTC revisits the $37.5K low. Again, on April 28, the largest cryptocurrency faced another rejection which cause Bitcoin to decline to the low of $38,200. After …
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With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions
Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a …
Swiss National Bank: ‘Buying Bitcoin Is Not a Problem for Us’
Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland’s …
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JPMorgan CEO Jamie Dimon Skeptical of Crypto but Says ‘Not All of It Is Bad’
Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some aspects of digital currency. JPMorgan’s Jamie Dimon on Crypto, Digital Currency JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an interview with KMTV 3 …
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Dear Airbnb: Congratulations and Some Lessons Learned
By L.J Brock, Chief People Officer Overnight I saw the note from Brian Chesky announcing to Airbnb employees that they would be moving to a permanent remote-working model. I applaud Brian and his team. While it may sound simple in a post-pandemic era, the logistics can be anything but. I am ecstatic to see them …
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The Merge and the Ethics of Ethereum
By Yuga Cohler, Staff Software Engineer at Coinbase The Merge is coming. The long-awaited transition of the Ethereum network’s consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is expected to arrive sometime this year. After the Merge, the already-running Beacon Chain will begin validating Ethereum mainnet’s blockchain through a system based on rewards and penalties …
Bitcoin Struggles To Hold $40K While Crypto Track US Stocks
Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin. Last Friday, the crypto market saw a significant decline correlating US Indexes. Bitcoin and Ethereum, the major players in the crypto market, gained 2% in the past 24 hours. Both crypto combined …
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Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market?
The extreme success of Moonbirds is the NFT story of the year so far. The collection opened up so strongly that it archived instant blue chip status and a place at the top of the charts. The market for NFTs is bearish at the moment, how did the pixeled owls accomplish such a feat? It …
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Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In Quarterly Low
With the chaotic phase that the crypto market is going through, Tether (USDT) trading volume in Q1 of 2022 plunged lower compared to the same quarter of last year. The total Tether transaction for the first quarter of 2022 is 26,454. Even though the bearish trend has seen many investors turning to stablecoins, the interest …
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