Dibb added that the combination of war, supply constraints, booming commodity prices and zero rates is a textbook recipe for stagflation. While the crypto community still strongly considers bitcoin as a better store of value, past data shows the cryptocurrency is predominantly a risk-on inflation hedge, meaning it outperforms other assets when investors are willing to take risks. Source
D.C. United of the Major League Soccer (MLS) has signed a three-year jersey sponsorship arrangement with blockchain technology developer XDC Network as recently announced by the MLS giant. For the first time in the history of Major League Soccer, D.C. United supporters will have access and experiences never previously been available in the sport (MLS). As of the start of the 2022 MLS season, XDC Network will appear on the front of both home and away kits, as well as training tops. NEWS: D.C. United Announce First-of-its-Kind Partnership with Leading…
Seemingly frustrated by the amount of “meme coin” spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets. Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that now meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get rich,” wrote Markus. satire has some mildly clever elements to…
“With institutions and more advised assets entering the space, volatility will decline,” said David Abner, global head of business development at Gemini, a crypto exchange and custodian. “We’ll see more stability. Recently, bitcoin set a new baseline around $40,000 and it’s now bounced above it. What I see is that more and more investors are positioned with a long-term outlook. We see lower volumes on sales during downdrafts over time, that means that many are either holding (or HODLing) or adding to their positions.” Source
Notably, these numbers are averages of estimates, and as the authors of the Vanguard study point out, there could be great variability in outcomes from one client to the next, and even one year to the next (e.g., the report shows a high end of 185 bps for investment tax planning). But what this study demonstrates is that nearly a third to a half of advisor alpha can be generated just from investment-related tax planning strategies alone! Source
“The prospect of geopolitical escalation has been the main driver of price moves in the broader risk asset spectrum for the past couple of weeks,” said Anto Paroian, chief operating officer at crypto investment fund ARK36, in an email to CoinDesk. “Now that the war between Russia and Ukraine has become reality, investors are rushing to take risk off the table, and stock markets globally are seeing major declines.” Original
On-chain data shows Bitcoin investors haven’t moved large amounts to exchanges in response to the Russia-Ukraine war (at least for now). Bitcoin Exchange Reserve Doesn’t Spike Up Following The War Breakout Between Russia And Ukraine As pointed out by an analyst in a CryptoQuant post, the BTC reserve hasn’t moved significantly after the news of the Russia-Ukraine war. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin sitting in wallets of all exchanges. When the value of this metric rises, it means exchanges are receiving…
Rudd Feltkamp, CEO of crypto trading bot Cryptohopper, has a different view, reminding that markets generally do a good job of discounting big news. “If you look at major historical events and how the stock markets react, there is not an extremely large action/reaction,” he told CoinDesk in an email. “For example, after the attack on Pearl Harbor, the markets ‘only’ fell 3.8%. However, the run-up with the associated uncertainty seems to have a more significant impact.” Source
The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms. Source
On the heels of Ukraine’s economic troubles, Bitcoin and Ethereum have taken a pounding in the crypto market. According to multiple news reports Thursday, around two dozen Russian cruise missiles have hit specific targets in two cities in Ukraine, including its capital, Kyiv. Russia’s attack undoubtedly is the cause of the current tremor shaking the world’s crypto and stock markets. In the previous 24 hours, the crypto market was valued at $1.66 trillion, down $1.4 trillion from the $3.01 trillion it registered in November as transaction volumes plunged. Stablecoins accounted…