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2023-05-20 14:17:16 Jerome Powell and His Hour of Glory

Briefly:
Inflation is too high and we will work to get it back to 2%.
The banking system is more stable than ever.
The national debt ceiling problem hasn't been solved yet
Maybe the rate doesn't need to be raised as high as previously planned because it would hit banks and markets.
Perhaps a further reduction in demand will not come from a rate hike, but from changes in the labor market (rising unemployment).

Bottom line: shaved both ways, but the likelihood of another Fed rate hike has dropped from 45% to 15%

@Cryptocurrency_Inside Open / Comment

2023-05-20 13:36:37 Biden's statement about the default situation:

House leaders in Congress understand that a U.S. default cannot be allowed because the consequences would be catastrophic;

Biden is confident that he will be able to reach an agreement with Republicans to raise the debt ceiling and prevent a default

Money printer go BRRR

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2023-05-20 11:30:07 Indonesia's Governor, Ridwan Kamil, announces the country is fully open to Bitcoin!

The fourth most populous country in the world is open to Bitcoin investment, adoption, infrastructure and more, shared Ridwan Kamil alongside Samson Mow at #Bitcoin2023.

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2023-05-19 23:13:28 Global crypto headlines of the day:

Asian crypto investment company Hashkey Group plans to raise up to $200 million in funding.

Apple has banned its employees from using ChatGPT and is developing a similar technology.

Leading ASIC manufacturer MicroBT has released three new miners, including the most powerful machine on the market, capable of reaching 320 TH/s.

Presidential candidate Robert F. Kennedy Jr. made a thought-provoking statement about Bitcoin and democracy during his recent speech.

Justin Sun just announced that Huobi is ready to support Central Bank Digital Currencies (CBDCs) and specifically mentioned the Hong Kong e-HKD.

@Cryptocurrency_Inside Open / Comment

2023-05-19 16:30:21 Trading and investing: What’s the difference?

Crypto newcomers often get these two terms mixed up. So, let’s learn the difference.

The two are quite distinguishable: Trading is short-term investments, and investing is the same but for the long term

Traders open and close a lot of deals in a single day. For instance, they buy a cryptocurrency only to sell it a few hours later to lock in a profit.

Trading is highly time-consuming—and can fray a lot of nerves

Investing, meanwhile, focuses on the long game. Investors usually analyze a project’s fundamentals while considering its potential in the market. Thus, investors buy a digital asset specifically to hold it for a long time, from a few months to a few years or longer

In short, investing is a better strategy for crypto beginners than trading.

However, neither of these strategies insulates you from losses. Always remember to invest at your own risk!

@Cryptocurrency_Inside Open / Comment

2023-05-18 21:23:48 Global crypto headlines of the day:

Montenegrin prosecutors have lodged an appeal against the verdict to liberate Do Kwon on bail, demanding his remand into custody.

Visa has deployed its inaugural ERC-4337 standard smart contract (an account abstraction) on the Ethereum Goerli testnet.

ApeCoin DAO has ratified a community proposition, entailing the launch of Ape Accelerator to bolster projects utilizing APE tokens.

Coinbase Cloud, a blockchain infrastructure provider for crypto companies, joins Chainlink as a node operator.

Coinbase is rolling out its subscription-based service, Coinbase One, in thirty-five different countries.

@Cryptocurrency_Inside Open / Comment

2023-05-18 16:59:33 Crypto speak: Crypto winter

During “crypto winter,” the markets go cold, so to speak, for an extended period: Prices drop, and investors shy away from funding projects.

Naturally, when prices take a tumble, panic ensues among investors. When these sudden drops in value pin the market with downward pressure, it can last months—even years—testing the patience of even the most seasoned traders and investors.

The term “crypto winter” was inspired by the idea of “nuclear winter,” which is the hypothetical scenario after nuclear annihilation and the protracted period of darkness and cold that would follow. Therefore, a crypto winter represents troubling times in crypto markets.

In case you were curious about the current state of the crypto market, we’re neck-deep in a crypto winter

However, the good news is that the crypto markets also follow similar patterns to the four seasons we experience climate-wise. If we’re in a crypto winter at the moment, it’s only a matter of time before things start heating up again

@Cryptocurrency_Inside Open / Comment

2023-05-17 21:54:09 Global crypto headlines of the day:

Uniswap will be launched on Polkadot through Moonbeam Parachain.

Ripple bought Switzerland-based crypto custody firm Metaco.

Near Protocol plans to integrate with the Wormhole bridge for secure cross-chain transfers.

China's first state-owned firm Greenland plans to apply for a virtual assets license in Hong Kong.

Axie Infinity is now available on the App Store.

According to local media, Pakistan plans to ban cryptocurrencies and block crypto exchanges.

During a press conference, President Biden said that the U.S. is not going to default.

Coinbase will add support for SUI. Trading will begin on May 18.

@Cryptocurrency_Inside Open / Comment

2023-05-17 17:03:52 Basic concepts of investing in cryptoproject tokens | Part 1
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Investing in tokens is not the stock market. Investor protection is out of the question here. We send our hard-earned $$$ buying another altcoin of progressive Dapps or incredibly fast blockchain, hoping to get rich quickly. Fast riches are what bribe us the most, so we are willing to take those risks. But how do we keep those risks to a minimum? Here are a few conclusions.

First of all it is worth understanding that there is speculation and investment:

Speculation - when we see a short-term benefit in some token and buy it in order to exit at a certain point (on news or an event) and take a profit. It can be buying before an IDO, before an update, before a burn, or just for a short-term perspective before some expected trend.

Investing is investing money in fundamentally strong projects for the long term. This is where we believe in technology, and try to find our future Apple and Microsoft in the web3 world.

Speculation interests us mostly in a bull market, when you can find interesting ideas in the moment and win back deals. In a bull market, every news and event gives a good jump for a token, which almost never happens in a bear market. But the time to invest is always a bear market.

Right now, we think it's a pretty good time for fundamental investments over the long term. We have some interesting conclusions on this topic. Put your strong and we will post them tomorrow.

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2023-05-17 16:35:01 Tether will allocate up to 15% of profits to purchase $BTC to hold in reserves.

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