Month: May 2022

Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

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The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.’ Even Ethereum, the most popular altcoin, painted a similar picture. Bearish fluctuations damage returns and profit margins directly or indirectly. To make matters worse, derivative markets forecast shows more…

Bukele Meets with Central Banks

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bukele Meets with Central Banks Bitcoin Magazine LIVE #80 -Interview with Joe Carlasare -News and Note with P, Q, and Chris Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use promocode FOMO for 10% off everything in our store! ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

SWIFT May Not Exist in 5 Years

Also part of Tuesday’s panel was Jennifer Lassiter, executive director of the Digital Dollar Project, Yuval Rooz, the CEO of Digital Asset, David Treat, a director at Accenture and co-founder of the Digital Dollar Project, and Jon Frost, senior economist at the Bank of International Settlements, who all answered that SWIFT will still exist in five years. Source

Top US Exchange Coinbase Becomes First Crypto Firm To Be Listed on Fortune 500

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Leading US exchange Coinbase has earned billions in revenue to become the first crypto company to break into the Fortune 500. Coinbase Global (COIN) grossed over $7.8 billion in revenue in 2021, placing COIN at #437 on Fortune’s ranking of the 500 largest US companies by revenue. Coinbase is the first crypto firm to join the list, published on Monday, and was first listed on the Nasdaq in April 2021. Fortune editor-in-chief Alyson Shontell says Coinbase was one of a few “pandemic winners” who managed to profit despite the “freakish circumstances” of…

Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend – Bitcoin News

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During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account offerings issued by financial giants like Fidelity. In recent times, cryptocurrencies can be further capitalized to put a down payment on a mortgage or get a conventional home loan using bitcoin as collateral. Crypto-Backed Conventional Home Loans These days, at least in the United States, banks require at…

Analysts say the Fed has no choice but to continue raising rates

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As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history and it doesn’t appear that there is any relief in sight as May 24 saw the tech-heavy Nasdaq fall another 2%, while Snap, a popular social media company, shed 43.1% of its market cap in trading on May 23.  This past couple of…