News

IMF wants to create a global platform for digital currencies

The United Nations entity, the International Monetary Fund (IMF), has plans to establish a platform for digital currencies issued by central banks worldwide, known as Central Bank Digital Currencies (CBDCs). Unlike traditional cryptocurrencies, CBDCs are digital currencies developed on behalf of a country’s government and backed by its central bank. Currently, around ten countries have … Continued

Major traders fuel Bitcoin – but beware!

Since the beginning of June, Bitcoin has surged more than 12% in value, but there are also talks of a manipulated market, according to CNBC. Investors attribute the current significant price increase of Bitcoin to BlackRock. The American asset management giant filed an application with the U.S. Securities and Exchange Commission (SEC) in mid-June to … Continued

Can a digital euro be the salvation for Europe?

There are divided opinions about introducing a European digital central bank currency. But could a digital euro be the salvation for Europe? This summer, the European Commission will present a legislative proposal outlining guidelines for a digital euro. While China has made the most progress in developing a digital central bank currency among the major … Continued

Is Dogecoin still a joke?

Dogecoin has no use case, and exponential coin inflation. But a short-term trade could bring hefty profits, despite seriously dicey risks. Dogecoin was created as a ‘joke’ Bitcoin fork in December 2013 by software engineers Billy Markus and Jackson Palmer, as a way to poke fun at the wild speculation of crypto. Widely considered the … Continued

Biden’s crypto: risks, regulation, and Coinbase collapse?

As the G20 agrees a ‘critical’ need for crypto regulation, the ongoing implosion could accelerate before regulators can gain a foothold. The recent G20 gathering in Indonesia saw most powerful global leaders call for a ‘critical’ international set of rules to help govern the crypto space. Citing the potential risks to global ‘financial stability’ given … Continued

Can you trust crypto exchanges after Voyager, Celsius, and FTX collapse?

Until crypto exchanges are properly regulated, the best way for investors to protect themselves is by using a cold wallet, despite the inconvenience. This is all getting a bit too depressingly familiar. The collapses began with Voyager in July and continued with Three Arrows Capital and Celsius. Now FTX, by some measures the second-largest crypto … Continued

Three lessons from the coming collapse of FTX

Strict regulation, crypto consolidation, and the potential collapse of most US Dollar-pegged tokens could all be in the offing. The purpose of this article is not to describe in detail how FTX has collapsed, nor decry Changpeng Zhao’s business practices, or even to consider the possibility of subterfuge behind the scenes. All of this and … Continued

XRP versus the SEC for the soul of cryptocurrency

The first regulatory battle to classify crypto as securities could be set for an epic showdown, or else an anticlimactic collapse. Ripple’s XRP has popped by 8% today to $0.49, as the Kingsguard comes to the defence of the altcoin. In what may be the first real skirmish between the SEC and the wider crypto … Continued

Bitcoin, gold, and the US dollar: the recessionary battle for the ultimate safe haven

As the 2022 bear market gyrates into the 2023 global recession, is bitcoin, gold, or the US dollar the most defensive choice? A deep and severe recession could be coming next year. Already, the best growth stocks have taken a significant hit. Market leaders including Apple, Amazon, Alphabet, Meta, and Tesla have all seen share … Continued