Bitcoin traders are reducing their risk exposure as Donald Trump’s winning odds slide for the upcoming US election.
Central Bank news
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations.
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned.
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how.
India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.
The crypto market is down today as a disappointing US CPI print and decline in trading volumes fuel the crypto market’s sell-off.