Cryptocurrency Analysis and News Portal
Bitcoin has been caught in the throes of immense volatility as of late, with buyers losing their edge over its price action The cryptocurrency is now, once again, drifting down towards the lower-$30,000 region, which is around where it has been trading throughout the past few weeks Where the entire market trends
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The chief economist of the Office of the Comptroller of the Currency (OCC), a banking regulator within the U.S. Treasury, believes issuing national bank charters to “fintech shadow banks” could bring “substantial advantages.”In a paper titled “Chartering the FinTech Future,” Charles Calomiris set out how stablecoin providers chartered as
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The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source
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Yale University’s Stephen Roach has predicted the U.S. dollar’s demise in 2021.Roach points to the growing current account deficit and the declining net-national savings rate as the two main factors pushing the dollar down.The dollar has declined against most major currencies over the past six months. Other analysts are also
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“A pandemic-led acceleration of adoption.” That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear such an observation from a respected multinational bank and its chief economist, Taimur Baig. However, there have lately been murmurings about certain
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Bitcoin’s recent price action has been rather lackluster compared to that seen in months and years past. For many
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Speaking on a Unitize digital conference panel, Peter Dittus, chief economist for SFB Technologies, said he does see a place for privately-issued stablecoins. "I don't see a great future," Dittus said of stablecoins on the June 7 panel, live streamed by Cryptox. Two stablecoin classifications existStablecoins exist in two categories — privately
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If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper.“We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins
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The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June 21. Sung said that taxing the crypto market
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Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the world is experiencing the biggest economic event that hasn’t been seen in the last 150 years. GMI’s CEO Raoul Pal authored the report and he strongly believes the digital asset bitcoin will go from a
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