Day: September 29, 2021

Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction – Economics Bitcoin News

Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from Powell’s speech, the Fed chair noted that the recent inflation spike may last longer than the central bank anticipated. Fed Chair Jerome Powell: ‘Inflation Effects Have Been Larger and Longer-Lasting Than Anticipated’ If you were to read reports published by news outlets like CNN or Axios, it’s likely…

El Salvador’s Bitcoin Volcano Can Be a Model for Cleaner Crypto — CoinDesk

Bitcoin miners, by contrast, can be installed on even the remotest site, and connected to the Bitcoin blockchain wirelessly. As bitcoin adoption continues to grow, this has the potential to radically upend the logic of energy generation, including the utilization rate of “stranded energy” like El Salvador’s remote volcanoes, wasted outputs like the methane flares produced by natural gas mining or unneeded energy from off-peak wind or hydroelectric generation. Original

Ripple launches $250M fund for NFT creators

Ripple Labs is launching a fund for creators, marketplaces and brands to explore new use cases for nonfungible tokens, or NFTs, on its ledger. In a Wednesday announcement, Ripple said the $250 million fund would be focused on accelerating adoption in the crypto space by working with nonfungible tokens, or NFTs. The platform said it wanted to address concerns with the minting of the tokenized artwork, including “clunky” user experiences, high transaction fees and the possible effects on the environment. “We believe NFTs embody the promise of tokenization and represent…

Crypto WeChat Groups Suspended by Organizers Amid China’s Crackdown

Organizers of various crypto communities on WeChat are shutting down their private groups following the latest crackdown from China’s central bank, according to screenshots obtained and authenticated by CoinDesk. Among these groups are Hong Kong-based exchange giant FTX, proof-of-stake blockchain network Tezos and derivative liquidity protocol Synthetix. It remains unclear whether organizers of such groups are employed by the companies. The community organizers are encouraging group members to join their new or existing Chinese Telegram group, while some of the members are also creating new channels for their communities on…

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China Crypto Bans: A Complete History

Those familiar with the crypto industry will understand that China’s latest crypto ban is not entirely a surprise. The country has maintained a hostile relationship with its local crypto industry since 2013, when it rolled out its first set of crypto restrictions. And while the recent ban may feel like the final nail in the coffin, it is to an extent a reiteration of the crypto directives issued by the country’s central bank eight years ago. Below is a complete timeline of China’s crypto clampdowns to date. 2013: China declares…

Bitcoin yet to prove inflation hedge status, but the time may come soon

For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large part to governments printing copious amounts of their local fiat assets to counter the financial devastation caused by the COVID-19 pandemic. To put things into perspective, since the onset of the virus last year, President Biden’s stimulus plan has brought America’s total relief-debt tab to…

SOLANA BLOCKCHAIN ZUSAMMENBRUCH ! Welche Kurse sind jetzt zu erwarten ? Cardano Ökosystem Explodiert

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