Opinion: Snap out of it already! Cryptocurrencies like bitcoin are not hedges against inflation

Opinion: Snap out of it already!  Cryptocurrencies like bitcoin are not hedges against inflation

Pity the fools who still believe that bitcoin and other cryptocurrencies will prove to be trusty hedges against inflation. Sadly, those people are still out there, clinging to vain hope, despite all evidence to the contrary. Various digital currencies have been spiraling downward as inflation rates in many countries hit highs not seen in decades. … Read more

$60 billion Earth washout not crypto’s Bear Stearns moment: regulators

 billion Earth washout not crypto’s Bear Stearns moment: regulators

WASHINGTON — It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular US dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps … Read more

Gold and Bitcoin won’t protect against tyranny, all money is political – Yanis Varoufakis

Gold and Bitcoin won’t protect against tyranny, all money is political – Yanis Varoufakis

Bitcoin and gold won’t protect against geopolitical turmoil, according to Yanis Varoufakis, former Finance Minister of Greece and Secretary-General of MeRA25. “Finding freedom outside of government is a dangerous fantasy,” he said. Varoufakis is also a PhD economist and best-selling author. He spoke with David Lin, Anchor and Producer at Kitco News. CBDCs and Blockchain … Read more

The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

Bitcoin and crypto’s massive $1 trillion meltdown over recent weeks has spooked investors, with sudden “price spiral” fears suddenly emerging. subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has lost more than 50% since hitting its all-time high of almost $70,000 per bitcoin … Read more

Bitcoin Braces For More Hawkish News From The Federal Reserve Today

Bitcoin Braces For More Hawkish News From The Federal Reserve Today

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, May 4, 2022. The Federal Reserve today raised interest rates by the steepest increment since 2000 and decided to start shrinking its massive balance sheet. Photographer: Al Drago/Bloomberg … Read more

Ethereum, Solana, Avalanche, DeFi Tokens Fall

Ethereum, Solana, Avalanche, DeFi Tokens Fall

Galicia, Spain; April 19, 2021: Ethereum coin and stock chart background with price falling. cryptocurrency getty The crypto market risk aversion worsened early Thursday, with ether (ETH) and other alternative cryptocurrencies (altcoins) taking a bigger hit than bitcoin (BTC), with one trader pointing to Friday’s monthly options expiry as source of renewed volatility. Ether, the … Read more

As Markets Crash And Luna Evaporates, Bitcoin Could Slide As Low As $15,000—Here’s Why It’s Not Time To Panic

As Markets Crash And Luna Evaporates, Bitcoin Could Slide As Low As ,000—Here’s Why It’s Not Time To Panic

Bitcoin NurPhoto via Getty Images Fear has once again gripped the crypto markets, as the headline-dominating crash of supposed stablecoin TerraUSD UST (and its support coin Luna MOON ) added $64 billion in losses to a downturn that cumulatively saw cryptocurrencies lose a staggering $1 trillion in market value in just five weeks. Bitcoin BTC … Read more

US dropped the ball on crypto regulation

US dropped the ball on crypto regulation

WASHINGTON — The US has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of ​​the moment,” Peirce told CNBC on the sidelines … Read more

Young Indians Hit Hard by Crypto Crash But No Plans to Stop Investing Yet

Young Indians Hit Hard by Crypto Crash But No Plans to Stop Investing Yet

“I absolutely don’t have the courage to look at my crypto investments right now. They’ve been more than halved!” Yumna Ahmad, who works as a communications professional at OP Jindal Global University, has not yet had the courage to confront the carnage that has ravaged her crypto investments over the last few weeks. But she … Read more

If Terra and Luna hadn’t tanked bitcoin, something else would have triggered this latest crypto crash

If Terra and Luna hadn’t tanked bitcoin, something else would have triggered this latest crypto crash

EarthUSD USTUSD, -0.98% and MOON MOON, -4.26% are being falsely accused for what’s come to be known as the “crypto crash.” A good counterargument can be made that the real culprit is bitcoin’s BTCUSD, +1.59% overvaluation. The notion that bitcoin’s fair value can even be calculated may take some getting used to, and I’ll discuss … Read more