After years of doubts and concerns, it is finally Bitcoin’s time to shine
Bitcoin leads the way as investors seek adaptable hedging alternatives in the search for the new digital gold. Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia and Ukraine, many investors have sought alternatives to gold and other precious metals as hedging options. As we approach a digitized age, it is a prerequisite that....
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India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts Veracity of Media Reports on Crypto Sector The governor of the Reserve Bank of India (RBI), Shaktikanta Das, reiterated that the central bank still has “serious concerns” about cryptocurrencies at Business....
Day two of the LABitConf happening in El Salvador held incredible discussions from industry leaders.
The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin. On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region.The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy,....
Thus far, Litecoin has been among the weakest performers in the cryptocurrency top ten by market cap during this recent altcoin season, but that is all about to change. Here’s why Litecoin is ready to shine once again and could soon become the stand-out industry leader. Why Has Litecoin Lagged Behind The Rest Of The […]
In the wake of such widely-reported scandals as the implosion of the Tokyo-based exchange, Mt Gox, which resulted in a loss of almost 600,000 million US dollars’ worth of bitcoins with the company’s operators now facing legal action all over the world, Kuroda’s doubts are certainly justifiable. Kuroda went on to say: “It is not a currency, and I don’t think it is a general means of settlement. Without safety or stability in its value, there would be no demand. In that sense, it cannot be a currency.” Mt Gox was one of the most trusted exchanges for Bitcoin transactions prior to its....