Cryptocurrency Analysis and News Portal
U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but
Read More
Terra buys another 2,943 BTC, worth about $139 million, for its UST reserve.Terraform Labs CEO said that the company is looking to become the second-largest holder of bitcoin after Satoshi.UST has experienced a lot of growth recently, with over a YTD market cap growth of 55%. The Luna Foundation has purchased
Read More
American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.That’s a big ‘if’ of course, and VanEck thinks the Chinese Yuan is a more likely contender.The lofty assessment for
Read More
While Terraform Labs is not exactly a bank, it is issuing its own digital cash to make paying for things easier – and it’s about to be backed by bitcoin. This is a big deal for anyone with a vested interest in the Bitcoin system, even if you vehemently reject
Read More
During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days, there’s been 660.6 million tethers sent out
Read More
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited
Read More
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating the
Read More
At the current level, the crypto has gained about 3% for the week. Source
Read More
On-chain data shows the Bitcoin exchange reserve has lost another 50k BTC over the past week, a sign that could be bullish for the price of the crypto. Bitcoin Exchange Reserve Continues To Observe Further Decline In Recent Weeks As pointed out by an analyst in a CryptoQuant post, 50k BTC in
Read More
From there, Bretton Woods II was born, where the dollar still dominates, but in a system that mostly uses “inside money.” Inside money is made up of claims that are someone else’s liability, while outside money is the type of money that is the liability of no one. In other
Read More