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Channel address: @cryptopowerchannel
Categories: Cryptocurrencies
Language: English
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Crypto news and projects investment 🚀
Admin: @CryptoJohn

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The latest Messages 6

2023-11-14 10:25:39
Arthur Hayes Insists Bitcoin Has 'Proven to Outperform Bonds During Times of War'

On
Thursday, Arthur Hayes explained the precarious balance the Treasury’s Janet Yellen must strike in managing U.S. fiscal health amid rising government deficits. Hayes describes Yellen’s strategic options, including liquidity injections and manipulating Federal Reserve rate expectations, to manage economic growth and government funding. “Inject liquidity into the system so that stocks rise. When stocks pump, capital gains taxes rise, which helps pay some bills,” Hayes detailed in his latest missive called “Bad Gurl.”

Hayes speaks to the rising yields on long-term U.S. debt and the market’s negative response to Treasury strategies. He presents the “bear steepener” scenario as a challenge to financial stability, explaining, “Yields on long-end treasury debt are rising faster than short-end yields,” which could undermine banking solvency. Hayes’ previous work, “The Periphery,” delves into why this steepening is particularly toxic for the banking system. In his analysis, Hayes points out the global reverberations of U.S. monetary policy, suggesting that other central banks will engage in similar quantitative easing tactics. “All other major central banks … will also print money,” he asserts, viewing it as an inevitable response to the Fed’s easing, creating a global ripple of fiscal expansion that may redefine the international monetary balance.
56.9K views07:25
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2023-11-10 15:26:29
Metaverse to help tackle global warming: Study

A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century.

Published in the journal Energy & Environmental Science, the study highlights the metaverse's ability to lower greenhouse gas emissions, decrease atmospheric carbon dioxide concentration.

The study emphasizes the potential benefits of metaverse-based remote working, distance learning, and virtual tourism in improving air quality.

By reducing transportation and commercial energy usage, the metaverse can also contribute to transforming energy distribution, with a greater energy supply directed towards the residential sector.
27.8K views12:26
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2023-11-08 22:01:22
SwissGold Crypto AG Launches Gold-Backed NFTs for Wealth Preservation

SwissGold
Crypto AG, a Swiss-regulated crypto issuer, introduces a novel solution to the wealth preservation challenge in times of inflation and uncertainty: gold-backed non-fungible tokens (NFTs). Gold’s enduring stability, in contrast to depreciating fiat currencies, has made it a trusted wealth preserver for centuries. Following the US President’s 1971 decision to abandon the gold standard, major fiat currencies have suffered substantial devaluation.

As inflation rates rise, interest in alternative assets such as gold and cryptocurrencies has surged. While cryptocurrencies are volatile, gold remains a stable and reliable refuge in times of crisis, hyperinflation, conflict, or natural disasters. Gold used as a crisis insurance should be physically allocated, as the paper gold market, which is many times larger than available physical gold, can lead to shortages during crises. SwissGold Crypto AG offers a secure and flexible means of gold ownership and trading by placing gold bars of all sizes on the blockchain as non-fungible tokens (NFTs). These NFTs are backed by physical gold bars and can be purchased for as low as $60 for a 1-gram gold bar.
70.5K views19:01
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2023-11-07 19:37:04
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87.4K views16:37
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2023-11-04 02:21:58
BlackRock Bitcoin ETF Liquidity Will Be Backed By Industry Giants

Several
prominent market-making firms are gearing up to provide liquidity for BlackRock’s highly-anticipated Bitcoin ETF, pending regulatory approval. Market-making plays a pivotal role in the ETF ecosystem by creating and redeeming shares, ensuring the ETF’s price aligns with the value of its underlying holdings. BlackRock Bitcoin ETF is anticipated to introduce substantial new sources of demand for the cryptocurrency, prompting speculation within the crypto investment sphere and among market analysts about its potential price impact.

According to CoinDesk, market giants such as Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading have engaged in discussions with BlackRock regarding their potential role as market makers, as revealed in a BlackRock presentation reviewed by a well-informed source. Estimates of ETF demand vary significantly, with factors like the size of the gold ETF market and existing product demand influencing the projections. Bitcoin’s market dynamics, characterized by opacity and price movements primarily driven by investor sentiment, add further complexity to the assessment. As anticipation builds around BlackRock Bitcoin ETF and its potential market-making partners, the crypto investment community remains watchful.
19.3K views23:21
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2023-11-01 02:44:22
Bitcoin Difficulty Soars to Record 62.46 Trillion, Miners Unfazed Amidst Tight Competition Between Foundry and Antpool

After
a 6.47% increase on October 16, Bitcoin’s difficulty has risen again. On October 29, 2023, at block height 814,464, the network saw a 2.35% boost in difficulty, moving from 61.03 trillion to a new high of 62.46 trillion. This development has made mining bitcoin block rewards more challenging than at any previous point in history. Despite this increased complexity, bitcoin miners remain unfazed, sustaining a total hashrate of just above 450 exahash per second (EH/s). Currently, block times remain below the ten-minute average, with data indicating speeds ranging from nine minutes.

Furthermore, nearly 17 pools boast upwards of 1 EH/s of hashpower dedicated to mining bitcoin. On October 30, 2023, around 26 mining pools are operating with approximately 1 petahash per second (PH/s) of hashpower. A mere 48 hours ago, Antpool held the reins as the predominant mining pool. However, recent statistics reveal that Foundry has taken the lead, boasting 27.02% of the total hashrate, while Antpool follows closely with 26.58%. Together, these two pools govern a staggering 53.6% of the network’s entire hashrate. Over the past week, Foundry and Antpool have been locked in a close race in terms of hashrate, with Foundry slightly ahead on October 30, with 120 EH/s compared to Antpool’s 118 EH/s.
20.4K views23:44
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2023-10-31 18:59:33


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30.4K views15:59
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2023-10-28 11:44:12
Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says

Bitcoin
's (BTC) supply has become increasingly constrained with exchange balances dropping to a five-year low and making the asset primed for a potential "supply shock," Matt Weller, global head of research at Forex.com, said in an interview with CoinDesk TV Thursday. The level of available bitcoin on crypto exchanges – liquid tokens investors can easily buy and sell – has dropped 2.3 million, its lowest reading since April 2018, Glassnode data shows. That's down from 2.6 million a year ago and 3.2 million at its peak in May 2020.

Meanwhile, there's roughly 3 million tokens that haven't been moved in ten years, said Weller. That compares to the current overall supply of 19.5 million and bitcoin's maximum-ever supply of 21 million. "That's suggestive of a potential supply shock," Weller said. "With lower supply on the market, it only takes a small bump in demand to really drive prices higher at a rapid rate." Weller said that spot ETFs, unlike futures-based products, could "fundamentally alter the supply and demand picture" for bitcoin, making it available for a new set of investors. That's especially so now that bitcoin has regained its "uncorrelated asset" lure by decoupling from equities and rallying as U.S. stocks have entered correction territory, he added.
45.9K views08:44
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2023-10-26 17:07:45
Digital Art Collective Wildxyz Introduces Curatorial Board to Grow Experiential Art Program

Digital art collective Wildxyz is introducing The Wild Curatorial Board, a group of 10 artists who will advise the company’s artist residency program and help develop the future of experiential art.

The artists selected to join The Wild Curatorial Board include Deafbeef, Casey Reas, Holly Herndon & Matthew Dryhurst, Mitchell F. Chan, Nancy Baker Cahill, Harm van den Dorpel, Gabriel Massan, Maria Paula Fernández and Serwah Attafuah.

With experiences across digital, generative and AI-based art, the board will help mentor artists in Wildxyz’s residency program. They will also select outstanding collections to earn Wild Signature status, a distinction marking achievements in creating experiential art.

Douglass Kobs, CEO of Wildxyz, told CoinDesk that the board will help carry forward the company’s mission of becoming a patron of digital and experiential art.

“Everything we do at Wild is geared towards supporting and uplifting forward-thinking creatives and artists as they define the next era of the spatial internet,” said Kobs. “We also want to foster an incredibly safe, collaborative, rich space for collaboration – making Wild a place where you can truly do your best work.”

In March, Wildxyz raised $7 million in seed-funding to build out its residency program focused on experiential art. In May, Wild Curatorial Board artist Harm Van Dorpel teamed up with vehicle manufacturer Mercedes Benz and digital art organization Fingerprints DAO to create an NFT collection inspired by automotive concepts.
22.5K views14:07
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2023-10-25 14:31:43
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34.9K views11:31
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