Month: March 2023

founders should keep 66% of payroll’s ‘worth of cash’ in bitcoin and crypto

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American venture capital investor, Tim Draper, has advised company founders to plan and hold at least two payrolls worth of cash in bitcoin (BTC) or other cryptocurrencies. Preparing for the unforeseen  Tim Draper has warned business founders to prepare for “more and more” bank failures if the government keeps printing money and raising interest rates. Further, he asked business founders to have at least two payrolls worth of cash in Bitcoin or alternative cryptos in their reserves in response to the collapse of Silicon Valley Bank (SVB).  Draper’s report on Mar. 25…

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply – Altcoins Bitcoin News

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According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. Meanwhile, from March 14 to March 26, the number of tether stablecoins in circulation increased by 6.12 billion. Stablecoin Circulation Changes In recent weeks, the supplies of some stablecoins have decreased while others have increased.…

Blockchain really is the answer to the current banking saga

The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. UBS’ decision to acquire its rival, Credit Suisse, has, of course, shaken up the financial industry once again. It comes a week after the collapse of Silicon Valley Bank (SVB) and Signature Bank in the United States, signaling that the financial situation is far from improving. This, of course, is also a sign that an upgrade to our financial system is long overdue. UBS will be paying 3…

How does the economy work?

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The economy is a complex system of production, distribution, and consumption of goods and services. Understanding how the economy works can be challenging, but it is essential for making informed decisions about personal finance, investing and public policy. This article will explore the fundamental concepts of how the economy works, including the factors that influence it and the various components that make up the economy. Factors that influence the economy The economy is a dynamic system that is constantly changing and evolving. It is a vast network of people, organizations…

A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review – The Weekly Bitcoin News

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Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis. In spite of the economic turmoil, however, Federal Reserve chair Jerome Powell doesn’t envision the Fed cutting interest rates this year. This and more just below in the Bitcoin.com News Week in Review. Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on…

Coinbase extends request for builders to expand ecosystem via Base Fund

Coinbase’s layer-2 platform, Base, is extending a request for builders to work on a safer DeFi, altcoins, on-chain reputation, and on-chain Limit Order Book(LOB) exchange through its eco-fund. Bringing expansion to Base Base recently announced the launch of the Base Ecosystem Fund, a capital pool for investing in early-stage projects building on its rails. The firm then mentioned that it was considering expanding its space for builders to have more support from its team for further success. Over the last three weeks, the firm added that there was interest from builders, and they…

Where the U.S. Government Went Wrong in Regulating Crypto

As a former public servant, I believe there is a role for the government in overseeing the cryptocurrency industry. However, recent regulatory announcements – including directives from the U.S. Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against the largest and most trustworthy U.S. exchange, Coinbase, and increasingly hostile rhetoric from Congress – are far from appropriate. Source

Dwpbank launches wpNex platform for bitcoin trading via affiliated banks

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Deutsche WertpapierService Bank AG has launched the wpNex platform enabling affiliated banks to offer bitcoin (BTC) trading to retail clients. Deutsche WertpapierService Bank AG enables bitcoin trading for banks Deutsche WertpapierService Bank AG (dwpbank), a key German player in the securities exchange controlling more than 5.3m securities accounts, on Mar. 22, launched wpNex. This new platform enables more than 1,200 affiliated banks to allow bitcoin (BTC) trading to their retail clients. Deutsche Wertpapier Service Bank AG (dwpbank) owns approximately 1,200 German banks. dwpbank announced with its new platform, wpNex, which…

Do Kwon to reportedly appeal against court’s decision to extend detention

Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days. A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for longer than usual, according to local media Vijesti. The decision was made after Kwon was caught using fake documents at Podgorica airport while trying to fly to Dubai. Translation from Montenegro Minister of Interior Filip Adzic – “ONE OF THE…

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter – Exchanges Bitcoin News

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Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange Nasdaq Seeks Regulatory Approval as Crypto Custodian U.S. exchange operator Nasdaq plans to launch its own custody services for crypto assets by the end of June. The company moves into the industry in the aftermath of a series of…