As Your Other Assets Inflate, Bitcoin Can Protect Your Savings
The basic supply and demand dynamics of the bitcoin monetary network mean that it serves as a solution for ongoing monetary inflation.The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.An appreciating stock market is now a matter of national security in the United States. This is a very little acknowledged reality of the current economic system, but it is the truth.As a result of the Bretton Woods....
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Bitcoin makes moving money across the internet incredibly easy, but that ease comes with risks. There are plenty of ways someone can take your money, track your spending, or violate your privacy. Fortunately, there are also some straightforward measures you can take to safeguard your digital currency and keep your spending habits private. Here are our top five tips to protect your bitcoins: 1. Keep separate wallets. If the wallet you use for spending bitcoin also contains your entire bitcoin holdings, your savings will be vulnerable to various types of abuse. There is no limit to the....
David Gilson over at CoinDesk tries to offer a balanced perspective on traditional banking and the safeguards they implement for security. These he contrasts with the safeguards Bitcoin lacks and suggests that some improvements could be made to the digital currency. First, he suggests that the UK’s financial institutions’ safeguards against fraud and retail disputes offer a level of security that Bitcoin does not. Next, he discusses savings accounts and how government guarantees protect against losses of up to 85,000 GBP per customer, per institution. So, if a bank goes bankrupt, the....
Several events in FTX’s bankruptcy proceedings continue to unravel as the crypto exchange seeks to settle its creditors and possibly restart. The latest of these is that the company has moved to protect its remaining assets with the help of Galaxy Digital. FTX Seeks To Protect Crypto Assets According to a filing dated August 24, […]
Crypto investors can earn interest via crypto lending by finding a cryptocurrency exchange or DApp that offers a crypto interest account. The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets.Other than staking, crypto savings accounts allow retail investors to accrue their funds by earning....
London-based BSave has announced the launch of its Bitcoin savings account at the North American Bitcoin Conference in Miami today. Bitcoin service provider BSave has officially launched its savings account which credits an interest to the user’s account at the end of a 24 hour period, every day. The British company is opening its wallet to the public following “intense months of beta testing,” according to a press release revealing the announcement today. The BSave savings account is currently open to all Coinbase customers. While details are scarce in the press release, the company’s....