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Showing posts with the label federal reserve

Federal Reserve Digital Assets: BFT, XRP, XLM, & HBAR

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The latest Federal Reserve digital assets have started a transformative shift as the nation’s central bank officially recognizes the powerful Byzantine Fault Tolerant (BFT) consensus mechanisms through a pioneering research paper. Right now at the time of writing, this game-changing acknowledgment strengthens the position of XRP, XLM, and HBAR in the blockchain security landscape, while also establishing a remarkable pivot in how financial institutions approach the entire spectrum of digital payment systems. ️ FEDERAL RESERVE OFFICIALLY EMBRACES BFT, CEMENTING XRP, XLM, AND HBAR’S ROLE IN SECURE PAYMENTS️ The Federal Reserve has officially acknowledged the efficiency and scalability of Byzantine Fault Tolerant (BFT) consensus models in a research paper discussing a secure payment… pic.twitter.com/2pJ0j2Nx8U — SMQKE (@SMQKEDQG) February 21, 2025 Also Read: Gold Prices Hover Near Record Peak How Federal Reserve Digital Assets and BFT Could Revolutionize Blockchain Security with XRP,...

WuBlockchain Weekly: Bitcoin Market Cap Surpasses Silver, U.S. Advances Initiative to Include Bitcoin in Strategic Reserves, Elon Musk to Lead the Department of Government Efficiency (DOGE), etc

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1. Bitcoin’s Market Cap Surpasses Silver, Reaching $1.751 Trillion link As Bitcoin approaches $90,000, its market capitalization has reached $1.751 trillion, surpassing silver’s $1.734 trillion, placing it eighth among global assets by market value. Often dubbed “digital gold,” Bitcoin’s current market capitalization is roughly one-tenth that of gold. According to the latest report from QCP, Bitcoin’s price has surged 30% since the election, with its market cap hitting $1.73 trillion — exceeding silver, yet still far below gold’s $17.5 trillion. If just 1% of the capital in the gold market were to flow into Bitcoin, its price could rise to $97,000. At present, the futures basis for late November has surpassed 18%, while demand for long-term call options (with strike prices at $110,000 and $120,000) remains robust. This trend indicates a growing appetite for leveraged and margin instruments among investors, preparing the ground for a potential further breakout. 2. Powell: Gradual Policy...

Bitcoin price sweeps lows, but analysis still predicts a $25K dive

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$30,000 and $25,000 form the upside and downside BTC price targets as Bitcoin stays caught between a resurgent U.S. banking crisis and the looming Fed meeting. Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multi-day lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: "Big volatility on the horizon" Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to the $28,000 mark on Bitstamp. The previous day’s Wall Street open had brought the latest wave of downside volatility, with the pair dipping below $27,700. This followed a leg lower immediately after the weekly and monthly close, with $30,000 and upward feeling increasingly out of reach. Market participants’ BTC price targets reflected the mood. Michaël van de Poppe, founder and CEO of trading firm Eight, argued that a rematch with both $25,000 and $30,000 was still on the table. “Nothing is for certain, but sweep done on Bitcoin,” he told T...

Ether price holds $1,820, but pro traders are skeptical about further gains

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Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000. The Ether (ETH) price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as ETH gained 20.8% in three months while the S&P 500 stock market index stood flat. However, according to ETH options and futures metrics, the gains were not enough to make professional investors bullish. Worsening macroeconomic conditions have driven cryptocurrencies’ positive momentum in 2023, including the ongoing banking crisis. According to Arthur Hayes, former CEO of crypto derivatives exchange BitMEX, if the government refuses to bail out First Republic Bank, it could set off a dangerous chain reaction of insolvencies. Recession risks increased after the U.S. economy grew at a modest 1.1% annualized pace in the first quarter, well below the 2% expected. Meanwh...

'Forget a pivot' — markets won't see Fed rate cut boost in 2023, says analyst

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Bitcoin, stocks or else, there is now no light at the end of the Fed rate hike tunnel in 2023, says Jim Bianco. Bitcoin (BTC) and other bulls will not benefit from a major change in United States inflation policy in 2023, one analyst says. In a Twitter thread on Dec. 20, Jim Bianco, head of institutional research firm Bianco Research, said that the Federal Reserve would not “pivot” on rate hikes next year. Bianco: Japan YCC move "matters for all markets" In light of the surprise yield curve control (YCC) tweak by the Bank of Japan (BoJ), analysts have become all the more bearish on the prospects for risk assets this week. As Cointelegraph reported, the move spelled immediate pain for the U.S. dollar, and with the Wall Street open in sight, equities futures were trending down in step at the time of writing. For Bianco, the fact that the BoJ was now seeking to follow the Fed in tightening policy to ward off inflation meant that the latter was unlikely to loosen its own policy...