Coin Bureau Insider

2021-08-01 17:50:12 Happy Sunday Guys!

Here is a question for you: Who is the biggest enemy of cryptocurrency?

Well, that would be those people and governmental bodies that have the most to lose. Those who's entire existence is the reason as to why we have cryptocurrency.

I am of course talking about the central bankers. Those incredibly powerful and supposedly independent officials who determine how much "magic money" is pumped into the ecosystem.

And, when it comes to central bankers, none is as powerful as the man at the helm of the Federal Reserve: Jerome Powell aka. J Pow.

Few people realise how important the Fed's policies are on the economy. They can literally make decisions without congressional oversight that last for years.

And, when it comes to cryptocurrencies, how the Fed views the sector has immense implications for its growth going forward.

So, in my video today, I decided to investigate the Fed's thinking on cryptocurrency. How has Jerome Powell viewed crypto over the years and has his view of the crypto market changed?

Moreover, is the Fed really considering a CBDC and how quickly could this come?

I cover all of this and much more. It was interesting to make, and I hope you guys find it just as exciting to watch,

P.S. Hope you like the disclaimer Open / Comment

2021-07-31 18:18:13

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2021-07-31 18:18:09 Hey Folks!

It was almost a year ago that I made a video on FlexaCoin. This was about the time that we were seeing a transition from their native FXC token to AMP.

At that time, AMP was trading for half a cent. A lot has happened on the project since and this has propelled the price of AMP to over 7 cents today.

So, it was only fitting that I did a much-needed update. That is exactly what I have for you guys today.

For those viewers that are new to the project, I take you through exactly what it is, its main use cases and how it is trying to revolutionise crypto merchant adoption.

I also dive into the tokenomics and try to analyse what the new Amp use cases mean for its long term price potential of AMP.

There were also several questions that I raised in this updated review that are pivotal to understanding AMP and its broader adoption in the crypto space.

So, if you were considering AMP at all, this video is definitely for you. Open / Comment

2021-07-29 22:13:13 Hey Guys,

I just tweeted the below:

https://twitter.com/coinbureau/status/1420804062224830474

It was in response to some comments that Elizabeth Warren made about Bitcoin not being an inflation hedge. Indeed, this is a common criticism that is often leveled by some.

They point to the day-to-day volatility of Bitcoin and say that it cannot be seen as a store of value and hence a protection against inflation.

That is a strawman argument, and this is mainly because inflation is a longer term risk. You don't feel its full effects in a week or a month. You feel it over a year or more.

Therefore, Bitcoin should be judged on its effectiveness in holding value for longer term time periods. We only need look at its performance over 5 years and 10 years.

And, while we are on the topic of inflation, the Fed had an FOMC meeting yesterday. Here is a link to the statement from Jerome:





It's good to see that he is at least acknowledging the inflationary pressures in the economy. He also mentions some of those major bottlenecks that I talked about in one of my recent videos.

Of course, he has decided to keep the Fed Fund's rate at 0% - so easy money continues into the near future.

Tbh, I see his predicament. If he fights inflation he could potentially impact on growth. And if he raises too much alarm about inflation, it could severely impact on inflation expectations. And, as we know, inflation expectations breed further inflation.

However, I would counter that the genie is already out of the bottle.

It will be interesting to see what the July inflation readings will look like Open / Comment

2021-07-29 18:52:12

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2021-07-29 18:52:06 Hey Guys,

It seems as if there is more and more talk being centered around stablecoins in the crypto markets. And one of the most pivotal uncertainties that currently exists with them surrounds their collateral.

More specifically, what is the collateral that backs these stablecoins and how liquid could this collateral be in an even that requires mass redemption?

Not all collateral is created equal and some assets that are held as collateral to "back" these stablecoins may not be that easy to sell.

Of course, most people out there will always point to Tether and the questions that surround its collateral disclosures. However, the question also applies to larger stablecoin issuers. Issuers that could also be in the sites of those regulators.

So, that is exactly the topic I explore in my video today. I dive right into the stablecoin collateral and how it is being disclosed. I analyse which issuers have the most liquid collateral and how this collateral could handle mass redemption events.

I also have a few thoughts around any potential stablecoin regulations that we could see coming - so this is something that you def don't want to miss.

Enjoy! Open / Comment

2021-07-28 18:08:51

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2021-07-28 18:08:43 Hey Folks,

It's time for another video!

This is one that has also being quite highly requested by my viewers and that is a comparison between lending platforms.

While I have covered lending platforms before (both centralised and decentralised), I have not been able to drill down into the nitty gritty.

Well today, I will be doing just that as I compare BlockFi with Celsius - two of the largest centralised lending platforms on the market.

This is also a particularly relevant video given what is going on with BlockFi with their regulatory tussle / potential IPO.

In the video, I compare them side-by-side and look at their pros / cons. I cover the following:

- Interest Rates
- Security
- Coin Support
- Regulations
- Features
- etc.

I also have a few tips and tricks to share when it comes to using these platforms - so you guys won’t want to miss it.

Hope you enjoy! Open / Comment

2021-07-27 22:32:08 Hey Guys,

Although markets have had a nice recovery over the past few days, I think it is still important to be aware of the risks that lie ahead for the crypto space.

As I mentioned in my email newsletter this week, one of the biggest risks we face right now is what could happen with stablecoin regulations.

There is no doubt that there are moves afoot.

Firstly, about two weeks ago you have had the Fed chairman railing against stablecoins in a testimony on capitol hill:

https://www.cnbc.com/2021/07/16/jerome-powell-promotes-cbdc-digital-dollar-warns-against-stablecoins.html

Then, about a week ago you had the meeting of the President's Working Group on stablecoins that included Janet Yellen, Powell, Gary Gensler et al. Yellen made it clear that stablecoin rules were needed:

https://www.reuters.com/technology/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19/

As I mentioned in my weekly news, no concrete potential rules were laid out. However, they are going to be coming back with proposals and you can bet your bottom sat they will be more restrictive.

Of course, proposals have be voted into law still. However, if you look at some of the sentiment in Congress - it's pretty likely they will support these proposals.

I mean, here is Elizabeth Warren practically telling Yellen that she wants her to focus on regulations:

https://www.cnbc.com/2021/07/27/elizabeth-warren-presses-yellen-financial-regulator-to-manage-crypto.html

And, against all this backdrop, we got the news that Tether executives are facing charges by the DOJ for possible bank fraud

https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud

It's important to point out though that these are old charges and its most likely FUD. However, it doesn't seem to be a complete coincidence that this "news" broke at such a time.

I should also point out that Tether has disclosed that a voluntary audit is "month's away":

https://www.coindesk.com/tether-executives-cnbc-tech-check

Perhaps they just did it because they wanted to further improve transparency. Or perhaps this action was spurred on by the murmurings they are seeing coming from Washington and abroad.

It will be an interesting next few weeks in the crypto markets.

I will be looking at this topic in a lot more detail in some upcoming vids - so stay tuned! Open / Comment

2021-07-27 18:38:46

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