In developed countries there was nothing similar in the post-war world, so there is no point in giving comparable statistics. In developing it happened, but rarely and selectively. According to the 9-week impulse of money supply (for the USA it is 14%) for developing countries after 1998, the situation is as follows: 💸
China – 11% in January 2000 and no more than 7-8% short-term impulses in 2009; 🇨🇳
India – 13% in January 2008; Brazil – 6.5% in December 2003 and 5.9% in October 2007; 🇮🇳
Russia – 13% in December 2006, December 2007 and January 2015 at that time due to exchange rate revaluation of a wide den. masses; 🇷🇺
Turkey – 16% in December 2005 and 15.6% in August 2008; Mexico – 7.3% in November 2009; 🇹🇷
Argentina – 17% in July 2018; South Africa – 9% in March 2006; Thailand – 4.4% in December 2008; Indonesia – 7.7% in October 2008 and 7.5% in December 2007; Philippines – 10% in July 2013. 🇦🇷
Argentina that led to an increase in inflation by 50-70%. 🔥 Absolutely incredible!
Be prepared for the Unbelievable HELL Inflation in the near future ! 🔥
The coronavirus pandemic plunged the whole world into a seemingly endless crisis. Therefore, the spread of SARS has become much more than just a health problem. 🔥
In April of this year, Edward Snowden (a former agent of the CIA and the US National Security Agency) announced that, according to his information, governments around the world will try to use the crisis arising from the coronavirus to build a “tyranny model”. And these fears are not limited to authoritarian states. First of all, it is about creating a global digital identification system. 🔥
Tyler Winklevoss, CEO of the Gemini cryptocurrency exchange, described the situation like this:
"I fear that this pandemic, like many other crises, will be used by governments around the world to justify their excessive policies and violations of human rights and civil liberties. The crypto industry can provide a counterbalance to this. Zcash, a privacy- oriented version of bitcoins, can help users resist draconian control of capital by authoritarian states." 🔑
In addition to Zcash, there are other coins, for example, Monero, in which the wallet addresses and the transactions themselves are hidden through the use of ring digital signatures, which allows you to hide the traces of the sender, recipient and the amount paid.🔐
Invest in Bitcoin – yes it is a venture – means risky investment. But common! Who’s not Risking – not drinking the champagne neither.
https://www.binance.com/en?ref=10958697 💱 🛅Trade Altcoins to Bitcoin at Binance with the 25% discount for the commission🔥 Expecting BTC halving would boom the crypto market in near future 💣
While big firms’ shares soar and they get help from the Fed, small businesses are struggling to get cash from Uncle Sam 💳
The aim of the crises is to make the economy of a big companies only destroying the small business 💀 Have NO DOUBT 2020 Event is Definitely a start of the Finance and Economic systems Revolution 🔥🔥🔥
It is quite clear that it will definitely happen if 20 millions of people has lost their jobs. 🔔 All this man power just stopped producing and paying taxes provoking a huge states Budget deficit and even more money printing in order to cover it. And this in turn leads to inflation again that will couse even more jobs and economic drop. The ring closes 💍
Agricultural Bank of China has began beta testing of Digital Yuan – Digital Currency Electronic Payment 🔥
DCEP gonna use the centralized management. 🔍
UK and USA started to research it’s own National Cryptocurrency while Facebook has announced that they made a bunch of improvements following the US Regulator demands therefore they ready to insist on the SEC approve of LIBRA currency 📝
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According to Reuters, the financial company Paxos Trust Company, regulated by the New York City Department of Financial Services (NYDFS), announced the launch of the PAX Gold cryptocurrency backed up by real gold.🥇
PAX Gold is built on the Ethereum blockchain, so it can easily integrate with various crypto exchanges, credit platforms, wallets and other crypto products.💱
“If you come to us and buy one ounce of gold, you send 1,500 Paxos tokens, and we give you one ounce. This ounce is the valid legal name for an ounce of gold bars in a Londons vault” – said Charles Cascarilla, CEO and co-founder of Paxos, in an interview with Reuters.🤔
PAXG tokens can be redeemed in exchange for physical gold bars at partner organizations, for example, in New York Bullion Exchanges or London Brink’s. The list of these organizations will be expanded.🔍
Cascarilla considers PAXG a solution to one of the biggest problems of gold as an asset – immobility. Since it is very difficult to move gold, investors who want to speculate on the price usually choose derivatives rather than trading directly with real gold.📝
In addition to simplifying the trade in gold, the usefulness of a new token can consist in diversifying the portfolios of participants in the cryptocurrency market.🔥
The attractiveness of holding gold in a cryptographic portfolio can be confirmed not only by its relatively stable value, but also by the growth of its price. Over the past six months, the price of gold has grown by 18%, and average daily trading volumes have exceeded $ 112.5 billion, which is about five times more than the entire Dow Jones.🛅
Another aspect of PAXG could be its involvement in lending.
Genesis Global Trading, SALT Lending and Nexo have already expressed interest in a stable Paxos gold-backed coin and are ready to provide loans against PAXG.📝
The PAXG token will be available to both institutional and individual traders. Customers will be able to buy and sell their PAX Gold tokens to any other participant through various blockchain networks, which then register the reassignment of gold ownership.🥇
PAXG tokens will be available through cryptocurrency exchanges such as Genesis and others, but at the moment their availability will be limited only outside the United States. 👑
Chad Cascarilla is sure that this is a big step towards the adoption of cryptocurrencies by investors in real assets. In the future, the company intends to tokenize other property. 🔍
“We are going to make more similar products, where we take real assets and put them on the blockchain” – said Cascarilla. 🤔
August 28, the cryptocurrency multi-discipline company Binance launched a deposit program announced a few days ago, where investors can receive up to 15% annual. 🔥
According to the information posted on the website of the crypto-exchange registered in Malta, the new Binance Lending service will allow exchange users to receive passive income on the funds provided by them, the amount of which depends on the type of crypto asset.
The cryptocurrency exchange accepts Binance Coin (BNB), Ethereum Classic (ETC) and Tether (USDT), for which annual interest initially set at 15%, 10% and 7%, respectively. 🤔
The first subscription is open from August 28 to August 29, and the deposit will last for 14 days from August 29 to September 10. The interest payment time will come immediately after the loan expiration. Annual interest rates for subsequent stages will be adjusted based on market perception at this initial stage.
However, the total number of coins and the contribution amount of each depositor will be limited. 📝
Jeff Dorman, director of investment at ARCA Capital, an Los Angeles-based asset management company that invests in cryptocurrencies, praised Binance’s new initiative:
He sad: “If you can trade, store and receive passive income, all in one place, this creates the best user experience.” 💱
At the same time, he noted that 15% is an extremely large income and this cannot last long due to competition.
However, Changpeng Zhao, the founder and head of Binance, explained the source for paying such a high reward – that is the margin trading on the same platform where the borrowed digital currency will be sent.
For investor who writes for “Bloomberg Opinion” Aaron Brown, such an argument seems convincing:
Aaron Brown stated: “If you want to borrow coins from Binance, you pay more than 100% annual, so the offer to pay loans from 10% to 15% still giving them a huge spread” 🥇
As can be seen from the above data, the Binance Coin is in a privileged position. Analysts believe that in this way the cryptocurrency exchange wants to raise the cost of BNB, which over the past month has lost about 10% or more. 🔍
While traditional banks are reluctant to cooperate with cryptocurrency companies, these companies themselves are boldly moving into the banking sector.
Such crypto companies include the Swiss Sygnum, which recently received a banking license from the Swiss Financial Market Supervisory Authority (FINMA).🥇
Having the status of a Swiss bank, the company can now issue, store, trade and manage both fiat funds and digital assets. Along with traditional banking operations, the crypto company can provide depository services for Bitcoins (BTC) and Ether (ETH), as well as convert between two cryptocurrencies and Swiss francs, Euros, Singapore dollars and US dollars.
As a regulated bank, Sygnum will also be able to provide digital asset storage services, brokerage services and tokenization for accredited investors and institutions.Co-founders Mathias Imbach and Gerald Guo in an interview with Bloomberg said that they are now preparing a package of documents for a similar license in Singapore, since they consider the island state as a springboard for its advancement in Asia.🔍
Matias Imbach, who is also the CEO of Sygnum has added the next: “Over the past few months, we have been approached by many parties that own many cryptocurrencies and are looking for a fully regulated bank. One of their biggest tasks is to find banking specialists to connect them with the real world, pay taxes, pay their employees”
To implement its plans, the company received an investment of about 60 million Swiss Francs ($ 61 million), including investments from institutions such as Singapore Telecommunications Limited.🤔
Sygnum previously partnered with global market infrastructure provider Deutsche Borse Group and Swiss state-owned telecommunications company Swisscom to create a financial market infrastructure for digital assets.
Together with Sygnum, another cryptocurrency company, SEBA Crypto, received a Swiss Banking license from FINMA.
Switzerland, considered a cryptocurrency-friendly country, at the same time tightens the rules for working with virtual assets. In particular, FINMA published a new guidance document this week, which, inter alia, states:
Institutions under the supervision of FINMA are allowed to send cryptocurrencies or other tokens only to external wallets belonging to their own clients, whose identity has already been verified and they are allowed to receive cryptocurrencies or tokens only from such clients🔥
Thus, institutions under the supervision of FINMA are not allowed to receive tokens from clients of other institutions or send tokens to such clients.📝
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In August 25 U.S. House Financial Services Committee Chairman Maxine Waters said, that after meeting with officials in Switzerland, she remains concerned about Facebook’s plans to create a global digital currency. 🤔
“Although I appreciate the time that Swiss government officials have given us, I remain concerned that a large technology company might create an alternative global, privately controlled currency.” – commented on the outcome of the trip, the American legislator.🔍
A group of six congressmen, led by Waters, met last week with officials from the State Secretariat for International Financial Affairs (SIF), the Federal Commissioner for Data and Information Protection (FDPIC), the financial market Supervisory Authority (FINMA), and Swiss lawmakers to discuss Facebook’s plans for its cryptographic project Libra. 🔥
The decision to meet with Swiss regulators was made after David Marcus, head of the Libra cryptographic project, said during a hearing in Congress that the Libra Association would be supervised by Swiss regulators.
In response, Waters, in her opening remarks at the congressional hearings, called Switzerland a country that has long been a financial haven for criminals and doji corporations 💣
Marcus then answered evasively, insisting that Switzerland’s choice had nothing to do with regulatory evasion, and Facebook’s goal was to choose a country that could assure an organization as an international effort.
“We would like Libra to be a digital global currency and, as a result, a single digital currency for the whole world. That’s why we think that was the right approach.” he explained. 🎈
Although Waters noted that Swiss officials helped understand the “status, complexity, and scale of Facebook plans,” she said she looked forward to continuing to review the cryptographic project within Congress.
In turn, Facebook launched a broad company to lobby its project among lawmakers. 🧀
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The point is that approximately 200 thousand bitcoins may be put up for sale. But, let’s figure it out 🔥
On Monday, August 26, the Florida District Court made a decision that Craig S. Wright is required to pay “a little less than 500,000 BTC,” in favor of the heirs of his business partner Dave Kleiman, as been informed by the “Modern Consensus”.
Since the inheritance tax is 40%, and almost 500 thousand bitcoins received at the current exchange rate “pull” about $ 5 billion, the winners of litigation will have to pay the treasury about $ 2 billion in tax. That is about 200 thousand bitcoins to Sell. 🥧
As you know, about 16 million bitcoins have been produced to date. At the same time, there is very serious evidence that 4 million coins of the indicated number are lost forever. This means that the estimated lot of 200 thousand BTC is 1,666 …% of all coins on the market. This is a decent piece of “pie.” If we compare the cryptocurrency market with other assets, then, for example, in the oil market in 2018 – 2019, the threat of a decrease in supply by 1% – 3% due to U.S. sanctions against Iran caused a rise in the price of the Brent brand by about 20%. 🔍
It is not a fact that the heirs will sell bitcoins, and the decision itself is not yet final, since some more procedural issues need to be completed. However, participants in the cryptocurrency market should now add this factor to their “list of observations” so as not to be taken by surprise.
In addition to the material side of the case, the court also ordered the self-styled Satoshi to transfer to the plaintiffs 50% of all intellectual property that Wright owned until December 31, 2013. 🤔
Along the way, the court ruled that Satoshi Nakamoto is actually an association of three people, one of whom is unknown and missing, and the other died, but has heirs.
The specified three enthusiasts in the period from 2009 to 2011 gained 1.1 million BTC, which were then invested in the so-called “Tulip Trust”. Now, by the court order, Wright should transfer 50% of these funds to Dave Kleiman’s brother.
Well, maybe to name himself the Satoshi Nakamoto was the not so good idea for the Craig Right. Who knows, maybe the story with the Semi Satoshi is not actually become a true, at all !
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