Coin Bureau Insider

2021-07-13 15:11:25 Hey Guys, Hope you guys managed to enjoy some light night-time reading with those books I suggested. I just wanted to bring your attention to this study by Carnegie Melon. They analysed Futures data from BitMEX and were able to show the asymmetric game… Open / Comment

2021-07-12 19:01:56

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2021-07-12 19:01:49 It's Monday,

My most favourite day of the week! That's because it's the day when I can throw on the suit, tidy the hair, and bring you the latest crypto news!

So much to cover over the past week. Where do we start...

- Banks Cut Off Binance: It's woes continue. Including lawsuits and other troubling developments
- Paraguay Bitcoin Bill: Could they follow El Salvador?
- Circle To Go Public: What this means for Stablecoins
- China FUD: Could they really ban stablecoins? Well, no...
- Ethereum Adoption & Updates: Banks are offering 2.0 staking
- Cardano Smart Contracts Date: Slowly but surely we are getting there
- 400M BTC Recovery Progress: An update on a sorry tale
- Weekly Crypto Market Forecast: Axie Infinity, Kucoin Shares, Flow, Stacks, and Terra are making some exciting moves!

All of that and much more. Hope you guys enjoy! Open / Comment

2021-07-11 18:33:18

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2021-07-11 18:33:12 Happy Sunday Guys!

Getting some really interesting feedback on those banks - thanks for that

Moving on though, it's time for another video - and this one is going to be more interesting than the Euro finals!

Jokes aside, this is a video that I have been dying to do for a few months now and I have finally managed to get to it.

It takes a look at some of the top crypto myths that exist out there. Myths that persist despite the increasing adoption and awareness in the space.

Some of these myths are still being pushed by the mainstream media and used by the no-coiners as a reason as to why they will never touch crypto.

However, there are also some falsehoods that are believed by a significant amount of people who are quite knowledgeable about crypto. People who have been trading and investing in these markets for a considerable period of time.

So, in my video today, I dive into the top 10 crypto myths out there. I explain why they are myths, how they came about and why they persist.

I also have a few top tips that could further help you sidestep some common landmines that are associated with these myths.

Enjoy! Open / Comment

2021-07-10 22:22:51

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2021-07-10 22:22:46 Time for my next video!

As covered in my recent video on the BIS research report, central bankers have a lot up their sleeves when it comes to cryptocurrencies

More specifically, they are dying to issue their CBDCs (aka, centralised shitcoins) to their populations. While the Chinese have already been moving ahead at a breakneck pace, other countries are getting ready to line up their very own versions.

Now, on the one hand this is really quite scary for many of the reasons that I have outlined on the channel.

However, on the flip side, there are certain cryptocurrencies which are quite likely to benefit. They will benefit because of the fact that some of these CBDCs are going to be issued on their blockchains.

These include the likes of Ethereum, Stellar, Algorand and even Cardano.

So, in my latest video I continue our central bank investigation by diving back into their CBDC plans. I will take a look at which countries are considering it and how far along the track they are.

I will also then explore which technology and networks they are considering using and what it could mean for said coins.

So, if you are curious about what CBDCs could mean for you (and possibly your portfolio), you don't want to miss this vid! Open / Comment

2021-07-10 18:43:56 Hey Folks,

This week was quite frustrating for me. It seems as if Barclay's here in the UK started a bit of a trend with their moves against Binance deposits.

There was no rationale for them stopping the deposits. They claimed that it was as a result of the FCA notice. But, as the FCA itself clarified post their nortice, this did not apply to the Binance Global entity - the entity that was still permitted to operate:

https://decrypt.co/74608/binance-not-permitted-to-operate-in-the-uk-british-financial-watchdog

So, there was no real legal requirement for Barclays to do what they did. My feeling is that they felt uneasy about the funds being sent there and were on the lookout for an excuse to stop the payments. This provided it to them.

Other banks were then in a similar position and saw this as the ideal moment to stop the flow.

I was hopeful that other banks would not follow suit. But alas, they did. This included my own bank (Santander) who made similarly patronising claims about protecting our funds.

This is just Binance though as it is still working for my other fiat on/ off-ramps including Swissborg.

I will, however, be looking at other account options to diversify my risk away from one bank. I am actually also considering doing a video on the most pro & anti crypto banks out there. Feel free to comment on this tweet of mine if you would like to opine:

https://twitter.com/coinbureau/status/1413862504661389313

In the end though, the best way to vote is with your funds. While it is a pain to open new bank accounts, they have to understand that we in the crypto community have options...

Now, while regulations seem to be getting a bit tighter in the US & Europe, South America seems to still be bucking that trend. If you watched my recent video on adoption on the continent you will know why.

Two other positive news stories that stuck out for me this week on the continent were those emanating from Argentina and Paraguay.

Firstly, in Argentina, a lawmaker has proposed a bill that would allow employees and service exporters to receive their full or partial salary in crypto.

https://www.coindesk.com/argentine-lawmaker-proposes-bill-for-businesses-to-pay-employees-in-crypto

While it is still just a proposal, if it does come to pass, it could greatly benefit citizens that are used to some of the most volatile monetary conditions in the world.

https://twitter.com/michael_saylor/status/1342103494698926080

Then, over in Paraguay, it seems as if another Bitcoin bill will be presented to parliament this Wednesday.

https://twitter.com/carlitosrejala/status/1413584882060734473

This according to the pro-Bitcoin Senator who has been pushing legislation since El Salvador made its moves over a month ago.

Now I am under no illusion that these are still far from being adopted as law and I am not trying to blow hopium smoke. But what it does show is the green shoots of adoption in the Emerging world - at a time when things are getting more restrictive for us here.

I will be covering this and much more in my newsletter tomorrow! Open / Comment

2021-07-08 18:29:49

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2021-07-08 18:29:43 Hey Guys,

I don't know if you guys noticed a recent report on crypto that was published by the BIS - the bank for central banks.

It was pretty illuminating because it gives us an inside look into the thinking of the central bankers - specifically in the way that they view cryptocurrencies.

There were some real bold claims in it such as "Distrust in Mainstream Finance is not a crypto driver".

With conclusions like that, I just had to dive into the report and see exactly how on earth they could surmise that.

I actually found it to be quite interesting and while many of the conclusions are hogwash, they do have some insightful data.

Of course, like most academic papers, this one was long at over 51 pages.

Given that I had read it, I thought that it was only fitting that I saved you guys the time and did a dedicated video on it.

That is exactly what I have for you today. I break the report down into different sections, fact check some of the claims and give my own analysis and insights into the most controversial sections.

This report could even help us get a sense as to the potential CBDC plans of these central banks.

So, if you guys want to glean some of that invaluable info - this video is def for you! Open / Comment