The crypto market is hot again. Now former bankster ex-CEO of Deutsche Bank will join the Maltese Founders Bank. A crypto bank new style… Is this a good or bad development? In my opinion it is nothing wrong with it.
Daily Crypto Vision: Iranians fleeing into Bitcoin on US Sanctions
Tweeting Trump has been upsetting the Chinese and Iranian nations this week. On Iran President Trump imposed sanctions, increasing uncertainty in the Islamitic Oil State in the Middle East. The Iranian rial crashed 10% fueling uncertainty in the country. Many Iranians were fleeing into the Bitcion according to news agency Al Jazeera…
Daily Crypto Vision: Bitcoin struggling with $6k-barrier
Daily Crypto Vision Nobel Prize Winner Stiglitz suggests Crypto-ban
Nobel Prize Winner Joseph Stiglitz stated something very stupid in my opinion: “pose ban on Crypto Currencies”. He stated also:
“I actually think we should shut down the cryptocurrencies,” Stiglitz declared in the video, pointing out his opinion of the major deficiencies of the digital currencies like bitcoin (BTC).
According to Stiglitz, crypto is not the right way to create a more efficient global economy due to a lack of transparency. Indeed, he emphasized that cryptocurrencies accompany illegal financial activities such as money laundering by moving money off “from a transparent platform into a dark platform.”
Stiglitz argued that “there is no need for anybody to go to a cryptocurrency,” claiming that such a currency does not have any of the attributes of what he calls a good currency, while the United States dollar does have all those attributes.” I think that indeed Crypto’s solve many problems that Stiglitz is pointing out.
Daily Crypto Vision: CFTC unoficially gives green light to Ethereum Futures
An anonymous source familiar with the matter stated that the CFTC ‘Can Get Comfortable’ With Ether Futures Product. Yesterday Ethereum shot 10% through the roof thanks to this news. Although this might be good news, it is not really a ‘done deal’. Back in 2017 the CFTC gave also clearance to futures on Bitcoin. After reaching a high of about $20k, the BTC-price crashed 80% in 1 year time…