UBS sees 'short-lived' strength for gold, expects prices to drop to $1,600 by year-end
Gold prices have been buoyed in recent weeks as investors seek safe-havens with fears of a Russian invasion of Ukraine rattling global markets.
www.cnbc.com
BITCOIN
- Thread starter Weather Man
- Start date
www.cnbc.com
LoL
Lol, all of sudden you got nothing to say.
Party is over boys....dementia patient will sign the death knell of Bitcoin today.
All it took was for the FED to sign an EO to kill it.
I admit defeat.
RIP Bitcoin
1/3/2009 - 3/9/2022
Lies. Keep trolling them though, this is starting to get good.Party is over boys....dementia patient will sign the death knell of Bitcoin today.
All it took was for the FED to sign an EO to kill it.
I admit defeat.
RIP Bitcoin
1/3/2009 - 3/9/2022
: D
Party is over boys....dementia patient will sign the death knell of Bitcoin today.
All it took was for the FED to sign an EO to kill it.
I admit defeat.
RIP Bitcoin
1/3/2009 - 3/9/2022
I'm confused, market seems to think good for crypto?
Cryptos soar after accidental release of coming executive order
Mar. 09, 2022 3:58 AM ETBitcoin USD (BTC-USD), ETH-USD, LTC-USDCOIN, MSTR, MARA, RIOT, GBTCBy: Yoel Minkoff, SA News Editor101 Comments
Velishchuk/iStock via Getty Images
Whoops! Currencies across the cryptoverse took off overnight after the inadvertent publishing of remarks from Treasury Secretary Janet Yellen (see movement below). In a statement that was posted to the Treasury's website - which has since been deleted - Yellen voiced a balanced approach to the development of the crypto sector, as well as a constructive stance on regulating the industry. The declaration is set to be republished later today, but traders have already made a quick buck off the accidental release.
Excerpt: "A presidential executive order on cryptocurrencies would 'support responsible innovation' as it coordinates U.S. policy across agencies. Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. As we take on this important work, we'll be guided by consumer and investor protection groups, market participants, and other leading experts. Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security."
Some work to form the government's crypto policy has already been done, like last year's stablecoin report from the President's Working Group on Financial Markets. Congressional committees in recent months have also ramped up hearings on cryptocurrency, but the new executive order will coordinate a broader strategy for the nearly $2T crypto market. The Treasury will also work with international partners "to promote robust standards and a level playing field."
Big gains: Bitcoin (BTC-USD) +8% to $41,791, Ethereum (ETH-USD) +7% to $2,730, Bitcoin Cash (BCH-USD) +6% to $300, Monero (XMR-USD) +23% to $199, Litecoin (LTC-USD) +5% to $106, Terra (LUNA-USD) +20% to $97.23, Solana (SOL-USD) +7% to $89.23, Cardano (ADA-USD) +4% to $0.85 and XRP (XRP-USD) +5% to $0.75.
This is the govt recognizing cryto as a legitimate store of value, This is good for crypto. Everyone knows the US is not going to ban crypto. Regulate it, tax it, fk with it - that's called recognition.I'm confused, market seems to think good for crypto?
Cryptos soar after accidental release of coming executive order
Mar. 09, 2022 3:58 AM ETBitcoin USD (BTC-USD), ETH-USD, LTC-USDCOIN, MSTR, MARA, RIOT, GBTCBy: Yoel Minkoff, SA News Editor101 Comments
Velishchuk/iStock via Getty Images
Whoops! Currencies across the cryptoverse took off overnight after the inadvertent publishing of remarks from Treasury Secretary Janet Yellen (see movement below). In a statement that was posted to the Treasury's website - which has since been deleted - Yellen voiced a balanced approach to the development of the crypto sector, as well as a constructive stance on regulating the industry. The declaration is set to be republished later today, but traders have already made a quick buck off the accidental release.
Excerpt: "A presidential executive order on cryptocurrencies would 'support responsible innovation' as it coordinates U.S. policy across agencies. Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. As we take on this important work, we'll be guided by consumer and investor protection groups, market participants, and other leading experts. Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security."
Some work to form the government's crypto policy has already been done, like last year's stablecoin report from the President's Working Group on Financial Markets. Congressional committees in recent months have also ramped up hearings on cryptocurrency, but the new executive order will coordinate a broader strategy for the nearly $2T crypto market. The Treasury will also work with international partners "to promote robust standards and a level playing field."
Big gains: Bitcoin (BTC-USD) +8% to $41,791, Ethereum (ETH-USD) +7% to $2,730, Bitcoin Cash (BCH-USD) +6% to $300, Monero (XMR-USD) +23% to $199, Litecoin (LTC-USD) +5% to $106, Terra (LUNA-USD) +20% to $97.23, Solana (SOL-USD) +7% to $89.23, Cardano (ADA-USD) +4% to $0.85 and XRP (XRP-USD) +5% to $0.75.
Called getting there cut of the pie.
They're already getting a cut, to put it another way, it's about integration of crypto into the currency structure.
Not yet. Its about the capital gains tax money.
capital gains is old news, that has been collected for years.
Unrealized capital gains tax is the new capital gains tax. If that ever passes the markets won't respond in kind.
This is the beginning of the end, of cash monies. This will be the leap into a cashless society.
Be careful what you wish for.
Be careful what you wish for.
That was a weird crypto bounce, gave it back overnight.
I could see stable coins going down on news that the treasury may develop a dollar stable coin.
I could see stable coins going down on news that the treasury may develop a dollar stable coin.
Maybe there is room for multiple stablecoins? They can be secured by various Layer 1 blockchains. For example there are stablecoins on Ethereum. How about Solana, Cardano, Binance etc. Maybe even Bitcoin eventually? One blockchain might not be enough. Maybe treasury hitches a ride with existing blockchain networks, if they are secure enough? I have not looked into this much. Maybe someone else on SVTP has?
What are the Different Types of Stablecoins?
Stablecoins have been around for some time, and now the world is getting to know them. The attention around stablecoins is not limited only to the crypto
101blockchains.com
Maybe there is room for multiple stablecoins? They can be secured by various Layer 1 blockchains. For example there are stablecoins on Ethereum. How about Solana, Cardano, Binance etc. Maybe even Bitcoin eventually? One blockchain might not be enough. Maybe treasury hitches a ride with existing blockchain networks, if they are secure enough? I have not looked into this much. Maybe someone else on SVTP has?
What are the Different Types of Stablecoins?
Stablecoins have been around for some time, and now the world is getting to know them. The attention around stablecoins is not limited only to the crypto
The others just can't compete with being backed by the full weight of the USA. It's like a paper dollar versus a Turkish dollar, the perceived safety isn't even close.
Depends on how much it will cost to use a US crypto and how many more tax forms to fill out vs stablecoin. plus it has to actually be created first.
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bro.. 98countor… trolled SO HARD..
That he got Weather Man to stand up for crypto. Hahahahahha
That he got Weather Man to stand up for crypto. Hahahahahha
Well played 98SVTCoblablabla!
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