18th Aug 🚨 UK inflation of 10.1%, In USA FOMC Meeting, hints to smaller rate hikes BUT Where does Bitcoin fit into all of this?
👀 Office of National Statistics has released CPI numbers & inflation is currently at 10.1% Hits double digits for the first time since 1982 Official news can be seen here https://bit.ly/3SVZyTc The website also have a brilliant explanation on
👀 Federal Reserve Board’s FOMC meeting minutes release indicates a smaller hike than in previous months. This shouldn’t be a surprise if you have watched the official video here https://bit.ly/3QPHh8i It would be interesting to see what the rate hike is towards the end of the month PDF here https://bit.ly/3SQhNt4
❗The Federal Reserve Board also has useful information such as
❓Is Bitcoin a hedge against inflation? Or are stable coins a hedge against crypto?
⚡ Cointelegraph has put a video on YouTube, the hosts did ask excellent questions but the answers were weak by the guest Steven Lubka from Swan Bitcoin. He tried to explain the definition, of monetary supply, comparing of cash to physical assets. It may be better to get an unbiased opinion if Bitcoin is a hedge against inflation. Lyn Alden Schwartzer has an excellent article A Look At the Lightning Network https://bit.ly/3wfKrdt he could have used some points from here instead. Lightning Network, not Blockchain is slowly gaining momentum, do we need Block + Chain protocols of Bitcoin with Lightning & Liquid network to be adopted worldwide?
💥 Based on the last 6 months' data Stable coins despite their volume being extremely low accounts for 90% of the crypto market. See slide no 2 CoinShares weekly blogs via Medium states Bitcoin bore the brunt of the outflows which totalled US$21m last week & is the second consecutive week of outflows bringing month-to-date outflows to US$29m. Are inflows increasing in Ethereum because of the news surrounding Merge? https://bit.ly/3QvQbI5
💯2022 the year of Crypto.com — Canada Kris Marszalek, the CEO of Crypto.com announced via the blog that Crypto.com is the First Global Cryptocurrency Platform Signed to OSC Undertaking ie The Ontario Securities Commission Official info here https://bit.ly/3Ce24hz
Two UAE news: (Check slides )
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