14 March 2023, Tuesday.

Cryptocurrency Is a Giant Ponzi Scheme

Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.

The 2008 financial crisis made clear why the financial sector must be brought under public control. Cryptocurrency and “decentralized finance” aren’t special — they’re just more of the same privatization and deregulation masquerading as high-tech “solutions” we’ve seen in other industries. Unregulated, privatized financial markets pose the same risks to the public whether or not they are “on the blockchain.”

Big Bucks & Bitcoin: How an ETF Could Shift the Game

The landscape of Bitcoin may be, on the verge of a transformation. An individual who previously held a position at BlackRock representing the asset management company globally has indicated that there is a possibility of approving Bitcoin based Exchange Traded Funds (ETFs) in the United States. This development is not a victory for Bitcoin; it could signify a crucial turning point in how the market perceives this digital currency. The approval of ETFs would carry implications. It would provide investors, known for their substantial financial resources with a secure and familiar avenue to invest in Bitcoin. Many experts speculate that these prominent players could bring about a $17.7 trillion investment. Such a substantial influx of funds might further elevate the value and importance of Bitcoin within the realm of

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Report on the cryptoasset ecosystem in Latin America and the Caribbean, by the University of Cambridge

This report offers a balanced analysis of the opportunities, and challenges, caused by the many moving parts of the cryptoasset ecosystem in Latin America and the Caribbean. I am happy to have contributed to this as one of the co-authors. I found it particularly interesting how some countries want to lead in the adoption of cryptoassets while others want to be more cautious. The countries that lead believe in their ability to regulate cryptoassets and manage any risks that emerge. They want to have first mover advantage. Other countries do not believe being an early, enthusiastic, adopter is worth the risks, and prefer to wait until the industry and the regulation mature. Both approaches are valid, but in both strategies it is important to follow developments closely. This is where this report can be helpful in gaining insights into this sector’s development, market trends, challenges and opportunities, as well as regulation.

The cryptoasset sector has grown across Latin America and the Caribbean in recent years and this expansion has led to increased employment opportunities. Some cryptoasset firms are now full-service fintech providers. The regulatory views on digital assets have shifted, with around a third of public sector respondents being more positive towards cryptoassets. The private sector participants are also more positive now, and they collaborate more with regulators through innovation hubs and sandboxes. The private sector respondents also see growth opportunities in DeFi services and onboarding corporate clients.

However, there are also challenges to address with the most important one being the lack of regulatory clarity. Public sector respondents believe they need more expertise in cryptoassets.

Reference

Proskalovich R., Jack C., Zarifis A., Serralde D.M., Vershinina P., Naidoo S., Njoki D., Pernice I., Herrera D. & Sarmiento J. (2023) ‘Cryptoasset ecosystem in Latin America and the Caribbean’, University of Cambridge – Cambridge Center for Alternative Finance (CCAF). Available from: https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/crypotasset-ecosystem-in-latin-america-and-the-caribbean/

How To Get Free Bitcoin From Faucets & Withdraw To Bank.

In this article i wanted to show you how to get free bitcoin from faucet sites and then withdraw it into your bank account using binance.

There are thousands of different sites that give you free bitcoin or let you earn bitcoin.

With a little work you can get your own crypto wallets setup and start getting some free coins.

Once you have saved up enough coins you can send it over to binance and withdraw it into your bank account and spend it.

Digifinex Labs: Bitcoin Bulls Eye $45K, Potentially Boosting UNI, OP, TIA, and STX

The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year.

Usually, the first leg of the rally of a new bull market is driven by the leaders, but after a significant move, profit-booking sets in and traders start to look at alternative opportunities. Although Bitcoin has not rolled over, several altcoins have started to move higher, signaling a potential shift in interest.

Bitcoin Price Analysis

Bitcoin has been consolidating in a tight range near the minor resistance at $44,700, indicating that the bulls are not rushing to the exit as they anticipate another leg higher.

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Bitcoin Whales in the move 20.000 BTC purchased in just 10 days!

The most popular crypto currency Bitcoin (BTC) has been under strong selling pressure after retracing from $28,000 at the start of the week. It currently, it is trading at $27.094, with a market value of $528 billion, and an 1.81 percentage reduction. Despite the selling pressure that has been affecting this market Bitcoin has outperformed other coins. Because of the whales who kept on…

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MicroStrategy Buys An Additional 16,130 Bitcoin For $593 Million

MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 16,130 BTC at a total cost of $593.3 million, Founder & Chairman Michael Saylor announced today. The purchase came as Bitcoin’s price has been experiencing upward momentum, reaching a recent yearly high of over $38,300. The company initially entered…

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"Bitcoin cannot be stopped. It will be everywhere. The world and the authorities will have to adapt," John McAfee.