BTC Trunk

2023-09-03 19:42:01 Robert Kennedy Jr: China Doesn’t Want War With US — They Want to ‘Bury’ Us Economically

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has explained that China does not want a war with the U.S. However, he warned that China wants to “bury” the U.S. economically. “I’m not afraid of the United States competing with China head to head and countries around the world. I think that’s good for us. I think we win that competition,” the presidential hopeful stated.

Among the topics RFK Jr. delved into were China’s global influence and the expansion of the BRICS alliance, which currently consists of Brazil, Russia, India, China, and South Africa. The group recently held its annual summit and invited six countries to join as new members.

“Nobody wanted to start BRICS. Nobody wanted an alternative to the U.S. dollar. This happened because of our weaponization of the U.S. dollar and the weaponization of our foreign policy, unilateral weaponization, and the weaponization of our control of the world currency,” Kennedy opined. “We were pounding people’s, you know, their personal assets if the government misbehaves.”

However, the presidential candidate clarified: “They want to compete with us. They want to bury us but they want to do it on an economic playing field. And they need us. You know, they cannot survive without us.”

Regarding the U.S. competing with China economically, Kennedy said: “I’m not afraid of the United States competing with China head to head and countries around the world. I think that’s good for us. I think we win that competition.”
Earlier this month, Kennedy warned about the severe consequences of a nuclear war between the U.S. and Russia. Open / Comment

2023-08-31 20:57:02 Bloomberg Analysts Boost Spot Bitcoin ETF Approval Odds After Grayscale’s Court Victory

In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities and Exchange Commission (SEC), the pair have revised their prediction, now pegging the likelihood at 75%.

Barring any delays, the U.S. Securities and Exchange Commission (SEC) is poised to either greenlight or turn down seven distinct proposals for a spot bitcoin ETF.

“James Seyffart [and] I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of ’24),” Balchunas posted to the social media platform X (formally Twitter). “While we factored Grayscale win into our prev 65% odds, the unanimity [and] decisiveness of ruling was beyond expectations and leaves SEC w ‘very little wiggle room’ via [Elliott Z. Stein].”

The ETF experts’ opinions follow a D.C. court’s decision siding with Grayscale, the largest crypto asset manager, in its legal battle against the SEC’s refusal to transition GBTC to a spot bitcoin ETF. Open / Comment

2023-08-31 15:00:04 Unleash the Power of Dexsport: Safe and Transparent Betting

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2023-08-30 17:00:05 Taking Control Of Your Crypto In 2023 ─ The Advantages Of Self-Custody Wallets

A self-custody wallet is a type of storage wallet that allows you to store your cryptocurrencies securely and privately. By using it, you are able to keep your funds away from the prying eyes of other individuals or institutions. This means that you can avoid the risks associated with exchanges – such as hacks or theft – and still enjoy the benefits of accessing your funds conveniently.

Advantages Of Self-Custody Wallets

If you’re like most people, you probably have a few different wallets for your various digital assets. But what if you could combine all of them into one place? That’s the idea behind self-custody wallets – and they’re becoming increasingly popular among cryptocurrency enthusiasts.

They allow users to have increased control of their digital assets.
They offer a high level of security for your crypto holdings.
Opportunity to earn interest on their crypto holdings.

If you’re considering a self-custody wallet, it’s essential to educate yourself on the benefits and risks and make an informed decision that aligns with your investment goals.

Use only verified self-custody wallets, for example, our team uses SAVL. Open / Comment

2023-08-28 22:02:02 Binance Removes Sanctioned Russian Banks From P2P Platform

Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them.

A few days ago, Russian crypto media revealed that Binance has renamed bank cards issued by Russia’s largest bank, Sberbank, and the neobank Tinkoff to “green local card” and “yellow local card” after the publishing of an earlier WSJ article alleging that the exchange is helping Russians move money abroad in circumvention of sanctions.

The Russian-language crypto news portal Forklog noted that Russian residents are not allowed to use any fiat currencies other than the ruble. When they try to buy or sell foreign fiat, they are prompted to “Choose your local currency for P2P trading.”

“This is required in accordance with the Binance rules for the country you specified during verification,” the message further reads. Access to P2P transactions in U.S. dollars and euros on were restricted for Russians in compliance with the 10th package of EU sanctions on their country. Open / Comment

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2023-08-25 18:51:01 Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal

The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are unlikely to happen during the ongoing BRICS summit, citing the process the European Union underwent to create the euro.

Vladimir Ilyichev stated:

The BRICS group’s economy accounts for about 25% of global GDP. In our view, it needs an independent payment tool. Discussions of a BRICS currency are relevant. However, the creation of new currencies and payment tools is never a quick process.

Ilyichev explained that these processes take time, noting that the European Union debated the idea of the euro for years before its issuance.

Ilyichev said that, in the current geopolitical situation, payment systems were affected by political circumstances, with Western countries exerting their influence on them according to their objectives and goals. This is another issue worrying BRICS countries and other nations, including Arab and Southeast Asian countries, Ilyichev stressed. Open / Comment

2023-08-23 15:00:05 Self-Custody in Web3

The Web3 infrastructure will almost certainly give birth to more technologies that will improve self-custody in the coming years. Self-custody solutions will vastly improve users’ privacy and give them even more control and ownership over their data.

With the growing importance of digital identity in the modern world, it is essential to take measures to minimize the risk of data breaches or hacks. Projects like SAVL, Sovrin, Verida, and ShareRing are paving the way for users to gain control over their digital identities. These projects are working to ensure that users retain control over their data as the self-custody era of Web3 takes hold.

However, for this vision to become a reality, other key players in the industry must join forces and work together to overcome any challenges that may arise in achieving full control. Only then can the ownership and accessibility of digital assets be truly decentralized for all in the Web3 community. Open / Comment

2023-08-21 20:05:07 Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service

The victory of Javier Milei in the Argentine preliminary elections, qualified as a far-right outsider by mainstream media, has sparked a series of consequences in the country’s economy that has caused citizens to take refuge in cryptocurrency and stablecoins.

U.S. dollar-pegged stablecoins, especially USDT, were in high demand last week, with trading volumes rising by 300% and even up to 500% in some instances, according to local reports.

This dollarization plan has supporters and detractors, with the latter indicating that embracing the dollar would leave Argentina without the means to control its monetary policy and the former stating that dollarization is one of the resources that can stop devaluation and inflation.

This devaluation escalation is affecting the inflation predictions of private firms, which are now anticipating inflation numbers of up to 200% for 2023. This might limit or condition the economic policies of the next government that must also deal with the debt owed to the International Monetary Fund (IMF).

Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has announced the launch of a new product to ease the process of making and receiving cross-border settlements from and to Latam. Santiago Alvarado, Bitso’s Senior VP of Institutional Products, stated:

With this launch, we seek to boost the economies of our region, by facilitating operations between countries and opening trade corridors that increase the development and prosperity of Latin America. Open / Comment

2023-08-18 20:09:01 BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies

The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both fundraising and lending in local currencies.

The auction comes as the bank finds itself under pressure to boost its local currency fundraising and lending, Reuters noted in a report. According to Russia’s Tass news agency, this is NDB’s first issue of bonds in local currency outside China, where it’s based.

The NDB’s Vice-President and Chief Financial Officer, Leslie Maasdorp, pointed out that the bank “is seeking to increase its presence in the local capital markets of its member countries, to fund its robust portfolio of local currency loans.”

The executive also emphasized that “proceeds will be used to fund infrastructure and sustainable development projects in South Africa and the successful outcome sets the benchmark for future issuances by NDB.” Open / Comment