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A resurfaced video of Peter Thiel has him forecasting a form of private, cryptographic money back in 1999. Let’s examine Thiel’s early prediction, and measure it against what Satoshi Nakamoto developed 10 years later.   There’s nothing like being ahead of your time. It’s always fascinating to study historical figures who have accurately predicted present realities that once seemed unfathomable. For example, would you believe that Alexander Graham Bell foresaw global warming over 100 years ago? Or that Nikola Tesla…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,139 trillion. Bitcoin is up by nearly 11% after a rejuvenating week. Ethereum gained more than 12% in value over the week. XRP has increased by roughly 14% over the past seven days. Almost all altcoins have registered significant gains this week. The DeFi sector gained almost $6 billion in total value protocols (TVL).…

Binance is the largest and most popular cryptocurrency exchange in the world. The platform remains a top option for anyone looking to get into the crypto space and make money. But, the past few months have been a bit of a challenge for Binance. The company has faced opposition from different governments. Now, all of these appear to be stifling the rise of its coin, BNB. It All Started So Well Binance launched BNB in 2019 as its exchange token.…

Central bank digital currencies (CBDCs) are all the rage right now. These assets have been increasing since last year, and they continue to do so. Today, estimates suggest that countries representing 90 percent of global GDP will launch CBDCs in the next decade. So, what exactly is the impact of these assets on economies? The rise of CBDCs has been inspiring for sure. China started the race, launching trials for its digital yuan in 2020. Even with the global pandemic, problems for the…

The entire world is looking into currency digitization right now. Countries everywhere are launching central bank digital currencies (CBDCs) and switching. The move towards this new development primarily started with China. Xi Jinping's administration had seen CBDCs as a means of transforming its economy. So, in 2019, it began work on a CBDC. Since China started its mission, several other countries have joined in. Many of them have been looking to optimize their currencies and make them more effective. So, digitization seemed like…

The Securities and Exchange Commission still shows no urgency to approve a Bitcoin ETF. They have extended their review of four proposed crypto funds by well over a month, citing the need for further review. Hesitancy on a Bitcoin ETF According to a filing from the SEC this week, the affected funds include the following. The Global X Bitcoin Trust, The Kryptoin Bitcoin ETF The Wisdomtree Bitcoin Trust The Valkyrie XBTO Bitcoin Futures Fund. Global X approval has been delayed…

The environmental impact of cryptocurrencies has been a significant issue this year. While the problem has always been present, it came into the limelight in 2021. Prominent critics of cryptocurrencies have pointed to the environmental impact they have had for years. Mining has been an incredibly challenging one. But, is there a way that digital assets can be good for the environment? A Very nuanced Issue As we said, it’s not a new issue for people to raise the problems…

It is scarce for governance itself to affect cryptocurrencies. For many years, crypto insides have asked for crypto regulations and transparent rules for the industry. While the infrastructure bill won't do that, it will affect the crypto space nonetheless. Currently, the infrastructure bill is in the U.S. House. The piece of legislation carries a great deal of importance to the Biden administration. But, what does it mean for crypto? A Background to the Infrastructure Bill On August 10, 2021, the…

September is done now. It was a pretty mixed month for the crypt industry, with coin prices moving with high volatility. However, many in the crypto market are still confident that things will be better in October. As it has always been, any recovery that comes to the crypto market will hit Bitcoin first. The asset remains by far the most valuable in the industry. So, it will need to lead others that hope to see gains as well. Recapping…