Author: Coindesk
Longer term, though, it appears that at least a modest series of rate cuts across all major central banks except the BOJ are the new norm. In addition to developments at the Fed and BOE, the European Central Bank trimmed its policy rate earlier this summer and the Bank of Canada has cut twice in the past few months. Read the full article here
But even controlling for experience, women still out-earn men in crypto. The authors suggest that a plausible explanation consistent with the data is that in crypto, women are “lindy.” To be lindy is to have overcome some hurdle which predicts your future success. This idea implies that women who have overcome hurdles in the crypto industry possess unobservable qualities like resilience and high competence, which, combined with their time in the industry, result in higher pay. Read the full article here
“The Bank of Russia will be able to conduct not one, but three experiments from September 1 of this year: on the use of cryptocurrency for settlements in foreign trade, on the conduct of exchange trading in cryptocurrency, and on the creation of an electronic platform for operations with cryptocurrency based on the NPS,” a separate Ria Novosti report said. Read the full article here
“Freedom from government isn’t what he’s proposing,” the op-ed states. “He wants all future bitcoin to be made in America, which is a limit on freedom and would require a much bigger electric grid since bitcoin mining is energy intensive.” Read the full article here
“Blockchains are the most advanced tool any organization can leverage to maximize efficiency, maintain compliance and protect consumer data – vital components for a government serving its constituents,” said John Wu, president of Ava Labs, an Avalanche ecosystem development organization. Read the full article here
Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose the reserve on Saturday at the Bitcoin Nashville conference. She came onstage just minutes after former U.S. President Donald Trump, the Republican nominee in this year’s presidential race, delivered a speech on blockchain policy before the cheering room, filled to its 8,500-person capacity. Read the full article here
However, the investment banking firm Oppenheimer (PT: $282, outperform ) added a bit of optimism, saying that the upcoming election could act as a positive catalyst for the stock. “Since our meetings with legislators in May, our thesis has been that Coinbase would benefit the most in our coverage if former President Donald Trump is re-elected. Recent events including Trump’s continuing to speak in Bitcoin conferences in-person only increase our confidence,” the firm’s analyst wrote. Read the full article here
And based on his Saturday speech, Trump is on board too! On-stage he said, “And so, as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration … to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future … This will serve, in effect, as the core of the strategic national bitcoin stockpile.”“Most of the bitcoin currently held by the [government] was obtained through law enforcement action. You know that. They took it from you. Let’s take that guy’s life.…
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges “are going to be crucial,” as it remains open to “everything that is possible to help solve this situation.” Read the full article here
“After careful consideration, DraftKings has decided to discontinue Reignmakers and our NFT Marketplace, effective immediately, due to recent legal developments. This decision was not made lightly, and we believe it is the right course of action,” the email said. Read the full article here