The summit brings together 20 thousand attendees from 33 countries, who discuss their geopolitical challenges. The BRICS are looking for alternatives to the dollar, while Putin rules out the viability of a single currency. The 16th annual BRICS summit, being held in Russia for the first time in nine years, opened yesterday with a speech … Read more
Bitcoin policy specialists issued a document this week questioning the work of Ulrich Bindseil and Jurgen Schaaf, analysts at the European Central Bank (ECB). Murray Rudd, Allen Farrigton, Freddie New and Dennis Porter, specialists in the field, argue that the ECB’s analysis “reveals fundamental flaws in the assumptions and theoretical model of Bindseil and Schaaf, … Read more
Different factors reflect optimism for the price of bitcoin (BTC) currently, despite the fact that it continues in a long period of consolidation. With the arrival of a new all-time high price in March around $73,700 (USD), bitcoin has subsequently succumbed to a wide range below that has now lasted for seven months. Although, according … Read more
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States yesterday reported outflows of more than $79 million, thus breaking a seven-day streak with positive capital flows. The poor performance of financial instruments based on digital currency was boosted by the 134 million dollars that came out of the Ark 21Shares Bitcoin ETF(ARKB) of Ark Invest … Read more
“A useless piece of paper.” Minneapolis Federal Reserve “The existence of Bitcoin impoverishes.” European Central Bank Could these two sentences, expressed by central bankers from the United States and Europe, be more ironic? At first glance, it seems not. One would say, with a mocking smile, hiding a hidden rage, that these people couldn’t be … Read more
Options traders have raised their expectations for the price of bitcoin (BTC), anticipating that the digital currency will hit an all-time high of $80,000 by the end of November, regardless of who wins the US presidential election. According to data seen on Deribit, which is the largest derivatives exchange in the world, the implied volatility … Read more
According to reports, in Russia all they talk about is “Putin’s plan to defeat the dollar.” One of the pillars of the so-called collapse of the dollar is expected to be the BRICS payment system. Dmitri Medvedev, the vice-chairman of Russia’s Security Council, laid out a challenging view on his country’s foreign policy, stating that … Read more
Larsen believes Democrats must “take a new approach” to technological innovation. The executive has shown open support for Kamala Harris in her presidential race. Chris Larsen, co-founder of Ripple, donated $10 million in XRP tokens to Vice President Kamala Harris’ campaign. Larsen believes that the Democratic candidate “will ensure that American technology dominates the world.” … Read more
The Minneapolis Federal Reserve recently expressed its opposition to bitcoin (BTC), suggesting a “legal ban” on the world’s largest digital currency. This position adds to the criticism of the European Central Bank (ECB), which had already pointed out BTC as potentially “harmful to society.” In a working document prepared by Amol Amol and Erzo Luttmer, … Read more
This Monday, October 21, 2024, it was reported that Stripe, the online payments giant, purchased Bridge, a stablecoin platform, for an amount of USD 1.1 billion. The transaction, subject to regulatory approvals, is expected to close in the coming months. Stripe CEO Patrick Collison confirmed the acquisition of Bridge in a message published in X, … Read more