Bank of America: coming “recession shock” possible boon for crypto

The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” … Read more

Analysts: Inflation will go down, act accordingly

If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate. The question is if Fed’s measures will be enough to push back inflation to normal levels? According to a blogpost from analysts Bitmex Research, … Read more

University of Sydney study says Ethereum would become a ‘better inflation hedge’ than Bitcoin

“Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block. 2 min read →

This asset might fight Bitcoin’s SoV status and it’s not Gold!

The idea of a store-of-value asset has been evidently discussed in the cryptocurrency industry. It is a popular term in the traditional economic landscape. SoV narrative picked up more steam over the past two years, with the pandemic crippling the wider financial ecosystem. Right now, fear of inflation is looming large, and with negative interest … Read more