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Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options

Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and OptionsInvestment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures […]

XRP, Cardano, AAVE Price Analysis: 14 June

The last 12 hours have been favorable for all coins in the market. Even the total market capitalization was up by 8% at press time. Cardano was also boosted by the news of smart contracts now running

The post XRP, Cardano, AAVE Price Analysis: 14 June appeared first on AMBCrypto.

Could both e-cash.org and bitcoin.org domains have both been registered by Satoshi?

One thing I have always found rather peculiar about the initial communications from Satoshi in his first mail to Wei Dai on 8/22/08 was that he refers to his project as „Electronic Cash” and then he later substitutes this to „Bitcoin” when publishing the white paper. I find this odd considering that he had already registered the domain bitcoin.org on 8/18/08, so he must have already had the idea in his head at the time of the email that it would be called Bitcoin. The other thing I noticed was that the domain e-cash.org was also registered anonymously less than a month prior on 7/20/08. What are the odds that somebody else just happened to buy up that domain right at the same time? Has anybody connected these 2 domains together before and is there any further information which could shine a light on the identify of Satoshi?
One other small point…in a bitcointalk post by Satoshi, he mentions that open sourced projects should use .org domains as opposed to .com. If Satoshi’s original email to Wei Dai reflects the initial name he was considering, he very possible would have registered e-cash.org.

Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan 

Subcontractors and Builders Located in China's Xiong'an New Area Are Being Paid in Digital YuanXiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new […]

Paul Tudor Jones talks meme stocks, asset allocation, and inflation

Wall Street's three main indexes remain under pressure after news about reducing stimulus by tapering bond purchases

Hedge fund manager Paul Tudor was a guest on CNBC’s “Squawk on the Street” segment Monday morning with plenty to talk about, including meme stocks, how Bitcoin fits in with his stock portfolio, and his take on the latest inflation data.

Meme stocks aren’t for everyone

Concerning the meme-stock craze, Tudor Jones believes that retail investors should follow the investment thesis they desire, regardless of what it may be. Personally, he said he would not pursue the type of investment strategy that dominates forums like Reddit. He added:

For me, I want to have a sound investment thesis other than just necessarily running shorts in or necessarily doing things simply because of the fact it is extraordinary and hasn’t been done before.

As a whole, he said the stock market is trading at a premium valuation compared to the broader economy. This creates a potential scenario where the top has been reached and if history repeats itself, we could see a signficant correction coming.

Bitcoin is a ‘great diversifier’

Although traditionally known as a stock picker, Tudor Jones said there is room for 5% of his portfolio to include Bitcoin. He said that Bitcoin can serve as a “great diversifier” for his portfolio and cryptocurrencies as a whole offers “a story of wealth.”

He said that he likes putting his money in something honest, reliable, consistent, and 100% certain and reliable, and this can apply to Bitcoin. He further claimed that he likes investing in Bitcoin because it means he’s investing in certainty. He explained:

Bitcoin is math, and math has been around for thousands of years, and two plus two is going to equal four, and it will for the next two thousand years. So I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain.

While Bitcoin accounts for 5% of his portfiolio, another 5% is invested in gold, 5% in cash, and 5% in commodities. He’s not so sure about the other 80% leftover as of right now. He says that he’ll wait and see what action the Federal Reserve will take in the upcoming policy meeting as its actions will “have a big impact.”

Monetary and fiscal policy is ‘crazy’

Tudor Jones also said the current mix of fiscal and monetary policy is “crazy” to the point where it might even be the craziest since the creation of the Federal Reserve. He states that, given how the economy looks right now, the combination of easy monetary policies and high government spending goes against economic orthodoxy.

He further claims that high prices in both gold and cryptocurrency result from people losing faith in the Federal Reserve. He says that it’s “disingenuous” for the Federal Reserve to look at inflation as “transitory.” This stance has led to people questioning the central bank’s market capabilities. 

The post Paul Tudor Jones talks meme stocks, asset allocation, and inflation appeared first on Invezz.

from Cryptocurrency – Invezz

Binance Coin Price Analysis: 14 June

With year-to-date gains of over 850%, Binance Coin has seen a strong performance during the first half of 2021. Its spectacular rise to the top of the crypto rankings has been compared with the likes

The post Binance Coin Price Analysis: 14 June appeared first on AMBCrypto.

Americans Made a Lot of Money on Crypto Last Year

Interest in bitcoin and cryptocurrencies really surged in America during the peak months of COVID, and now many traders in the United States are seeing that interest lead to profits. According to blockchain analysis firm Chainalysis, Americans have seen their bitcoin holdings return more than $4 billion to initial holders. Americans Love Their Bitcoin While

The post Americans Made a Lot of Money on Crypto Last Year appeared first on Live Bitcoin News.

After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’

Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s remarks come just a few weeks after the official naira exchange rate dropped […]