Tag: Financial

Bitcoin, Tectonic Shifts In The Financial System And Oil

[ad_1] Discussing the latest macroeconomic developments as they relate to Bitcoin, including oil prices and market misconceptions. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, CK and I welcomed a special guest, Luke Gromen. Gromen is founder and president of Forest For The Trees (FFTT), LLC, where he provides clients with macro insights and investible analysis of the global financial system. In this wide-ranging conversation, we dove deeply into Russia, gold, oil, the shadow banking…

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What do Bitcoiners, politicians and financial experts think?

[ad_1] Rising prices are grabbing headlines all over the world. Across the pond in the United States, inflation recently broke a 40-year record. The situation is severe in Europe, with prices rising over 5% across the Eurozone and 4.9% in the United Kingdom.  While prices rise, Bitcoin (BTC) is flatlining at around $39,000. It poses many questions: Is Bitcoin an effective hedge against rising prices, what role can Bitcoin play in a high inflation environment and did Bitcoiners know that inflation was coming? Experts from the world of Bitcoin, finance and even…

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US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60% – Finance Bitcoin News

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[ad_1] According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number of financial advisors in the United States that currently counsel their clients on crypto holdings is expected to double in 2022, a new study has found. According to the study, which surveyed wealth management experts based in…

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Reminder: Reject The Financial Action Task Force

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[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1111: “Reminder: reject the Financial Action Task Force.” Sign up for the newsletter here. Look at this stock image looking mother fucker and then look yourself in the mirror and try to convince yourself that you honestly believe that he is the ultimate financial crime stopper. The lord and savior of those subjected to the ills of money laundering. Done laughing yet? This is Marcus Pleyer, the President of the Financial Action Task force – an unelected bureaucratic entity…

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A Tongan lord plans for financial security

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[ad_1] A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps of El Salvador. It’s due for a vote in Parliament in May and the early signs are encouraging. Mataʻiʻulua ʻi Fonuamotu, Lord Fusitu’a told Cointelegraph that plans are in motion to use state-run volcano mining facilities to create wealth in Tonga.  Tonga has 21 volcanoes. “That means one volcano for every 5,000 people.” He owns one volcano himself through his family’s…

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British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated – Fintech Bitcoin News

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[ad_1] According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments could potentially hurt financial stability and raise the cost of borrowing, a report has said. In addition, they insist the increasing use of the CBDC could also enable the central bank to monitor spending and…

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What Military Expansion Says About Our Broken Financial System

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[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1136: “The incentives are screwed: exhibit 21,212.” Sign up for the newsletter here. The externalities of unfettered money printing are extremely overweight to the negative side of the spectrum. When the government has the ability to work in conjunction with central banks to print money ex-nihilo to fund an activity, those who are in control of managing that activity are incentivized to be extremely wasteful to justify their budgets funded by the money printer. There is no greater example…

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Southeast Asian financial institutions turn to the Ethereum blockchain

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[ad_1] Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This was recently highlighted in a report conducted by crypto exchange Gemini, which found that 67% of 4,348 respondents currently own crypto. The report further noted that Ether (ETH) is the most popular cryptocurrency in the region, with 78% of surveyors claiming to own the digital asset.  Interestingly enough, the Ethereum blockchain may also be…

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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring – Regulation Bitcoin News

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[ad_1] The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the Senate, have recently adopted new legislation tailored to improve the prevention of the laundering of proceeds of crime and the financing of terrorism. Key provisions adopted with a new law pertain to the establishment…

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River Financial Announces River Mining Service

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[ad_1] Bitcoin-only technology and financial services company River Financial announced today the launch of its mining white-glove service, River Mining, in a release shared with Bitcoin Magazine. The service seeks to reduce the barriers for new entrants into the bitcoin mining industry, allowing any U.S. customer to start mining BTC themselves. “Our clients are looking to put their money to work, and River Mining will enable them to earn their own Bitcoin,” said Alex Leishman, River’s CEO. “This is a key step in our mission to accelerate the adoption of…

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