Day: February 24, 2020

Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference

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When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s expected to drop to 1.8% after the halving event. The cryptocurrency’s inflation rate will be lower than the average inflation target central banks reference worldwide at 2%. Unlike central banks, no one person or centralized entity can make adjustments to BTC’s monetary inflation rate. Also Read: Get Ready…

Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference

boss

When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s expected to drop to 1.8% after the halving event. The cryptocurrency’s inflation rate will be lower than the average inflation target central banks reference worldwide at 2%. Unlike central banks, no one person or centralized entity can make adjustments to BTC’s monetary inflation rate. Also Read: Get Ready…

Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether

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In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members. IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged with manipulating the Bitcoin market in 2017 — something the firm strenuously denies. Kyle Roche, representing plaintiffs Leibowitz et. al., argued that his firm Roche Cyrulnik Freedman LLP was the first to investigate the…

Zion Williamson Could Surpass LeBron James If He Fixes These Three Things

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Zion Willaimson and LeBron James will face off for the first time on Tuesday night. While Zion is off to an electrifying start, he must fix these holes in his game to get on LeBron’s level. Once he fixes them, the sky is the limit. Zion Williamson is the most exciting NBA rookie since LeBron James burst onto the scene 16 years ago. He came into the league with massive expectations, and he’s already living up to them. Zion Williamson is somehow already exceeding expectations. | Source: Twitter On Tuesday…

Justin Sun Bought Steemit. Steem Moved to Limit His Power

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The people who run the Steem blockchain executed a reversible soft fork Sunday, stopping one of the largest piles of tokens from voting. The move comes days after Justin Sun’s Tron Foundation acquired Steemit, the blockchain’s most prominent app. The protective measure is a striking one in the cryptocurrency space and illustrates some of the thought-provoking realities of delegated governance. The blog post describing the fork describes the involvement of a well-resourced entity as potentially very exciting. But its authors were quick to qualify: “In these early stages the most…

No, Bitcoin Isn’t Correlated to the Stock Market or Gold – Claims Analyst

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Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and has had impacts on niche markets, like crypto, has led some analysts to note that Bitcoin and altcoins may, for the time being, correlated to the US equities market. Despite this, one analyst is noting that the crypto market’s…

No, Bitcoin Isn’t Correlated to the Stock Market or Gold – Claims Analyst

boss

Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and has had impacts on niche markets, like crypto, has led some analysts to note that Bitcoin and altcoins may, for the time being, correlated to the US equities market. Despite this, one analyst is noting that the crypto market’s…

You Shouldn’t Ignore the Death of One Stock Market’s 12-year Bull Run

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The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market. Malaysia’s stock market enjoyed the world’s longest bull run for 12 years running. Until Monday. The FTSE Bursa Malaysia KLCI Index’s 2.69% decline unraveled the record streak. It’s a bad omen for the rest of the world’s stock markets, and U.S.…

Secretive Digital Fiat Project Emerges With New Partner as CBDC Chatter Grows

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As central bank digital currencies (CBDCs) march into view, a privately-run version of digital fiat is adding a key tech partner. Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara, CoinDesk has learned. Adhara was behind Project Khokha, which used enterprise blockchain client Quorum to see how zero-knowledge proofs performed with the South African Reserve Bank (SARB). The move is one of only a handful of public overtures by Fnality, the company that oversees the development of USC. Fnality…

Caitlin Long Starts the First Crypto-Native Bank in the U.S.

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Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian. Long made this announcement earlier today in a series of 29 tweets. She believes that “a critical piece of U.S. market infrastructure is missing – a regulated bank that can act as a bridge to the Federal Reserve for payments and [offer] custody for BIG institutional money.” 1/…