Yale economist claims U.S. Dollar will see a sharp decline; Why this bodes well for BitcoinBTC $9388 (-1.2%) • ETH $231 (-1%) • XRP $0.19 (+0.6%)
The world witnessed unprecedented inflation rates throughout the past several months, with the economic turbulence seen recently catalyzing unprecedented economic involvement from governments across the globe – leading many to claim that this has vindicated Bitcoin’s purpose. There’s no doubt that widespread money printing will have grave impacts on fiat currencies across the globe, and one prominent economist is noting that he thinks these effects will be particularly impactful to the Dollar. He believes that its value will fall “very sharply” due to the growing national deficit and waning global faith in American exceptionalism. This could provide Bitcoin with a serious boost, as it is structurally the antithesis of highly inflated fiat currencies like the US Dollar.
More news ⏬Binance UK set to go live this summer with fiat onboarding in GBP and EUR
Binance, one of the largest cryptocurrency exchanges in the world, will be launching a United Kingdom platform this summer. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Ethereum lab ConsenSys announces staking service ahead of ETH 2.0
Development and demand for staking applications are booming ahead of Ethereum’s ETH 2 update, which sees the latter shift to a Proof-of-Stake consensus algorithm. Chainlink (LINK) just got recognized by the World Economic Forum as a “technology pioneer”
Blockchain agnostic platform Chainlink is now recognized as a “technology pioneer” by the prestigious World Economic Forum (WEF), as per a release this week. Global blockchain solutions company and Cardano commercial arm EMURGO is building a blockchain traceability solution for coffee in Indonesia [INTERVIEW]
EMURGO, the global blockchain solutions provider and a founding entity of Cardano, recently announced the launch of the “EMURGO Traceability Solution” – an enterprise solution leveraging blockchain technology to modernize existing supply chain traceability standards and bring added value to supply chain stakeholders and end consumers. Bitcoin’s funding suggest it has room to rally; Will it soon shatter $10,000?
After flashing some signs of intense weakness yesterday, Bitcoin is now expressing signs of strength as it consolidates within the mid-$9,000 region. China: Banks and Alipay won’t shut Bitcoin accounts, 70 percent of firms see blockchain as an economic boost
Reports on China shutting down bank accounts for individual Bitcoin traders and OTC firms are unfounded and untrue, a local investigation found this week. Featured event
The worlds no.1 3D Virtual Blockchain Conference is back. After a successful launch event in April, BlockDown 2.0 brings a host of top speakers like Akon, David Schwartz from Ripple, Jed McCaleb from Stellar & more for its summer edition. With top tier content and a 3D world that is a ton of fun to navigate, BlockDown continues to innovate by providing live translation into the hottest crypto markets - Turkish, Spanish and Chinese for a truly global audience. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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