Wild $CEL short squeeze. For a while I played with what looked like the surest dump to zero token, got stopped out a couple of times, understood it’s not going down, gave up shorting at 0.8.
Now it’s 2.40, I hope nobody got trapped by adding to a losing position.
#Blockchain for businesses is going great.
That these 100+ companies are exploring #decentralisation and #Web3 applications is one of many proofs that this #technology and architectural approach has a bright future.
BTC mining requires energy but let's put it into presepctive.
If we compare #BTC mining's #energy consumption to the rest of the world (165,317 TWh), it only amounts to 0.16% of the total world energy (266 TWh).
Source: Bitcoin Mining Council October 2022 Report
Core Scientific is going through a rough patch. The Bitcoin miner has filed forms with the SEC revealing that due to several factors, it will not be able to make payments on time. buff.ly/3DdW5Z2
The European Commission will use #NFT technology against counterfeiting by 2023.
The image below is a rough sketch of how it will work.
finbold.com/european-union…
40 companies invested $6 billion in blockchain-related #investments between September 2021 and June 2022.
Google parent company Alphabet is the champion of them all with over $1.5 billion invested across four #blockchain companies !
Not widely reported, but there has been significant progress on crypto regulatory clarity over the past year amongst G20. Lots more green and yellow here compared to a year ago.
Emerging consensus will drive much greater adoption.
Here are the top banks investing in crypto and blockchain companies. Around 23 banks have made at least one investment in blockchain/crypto-linked entities in the cycle from August 2021 to May 2022 #fintech
Historically, real M2 increased at a 3%-4% annualized rate.
The COVID liquidity injection pushed real M2 more than 20% above trend.
To get back to trend, the Fed either has to hold real M2 growth flat until 2025 or sharply contract liquidity over the next 12-18 months.
Crypto-assets are highly risky.
Yet interest in them has grown, with connections with the finance industry increasing. If this continues, crypto-assets will pose a risk to financial stability.
Read why in a preview of our Financial Stability Review ecb.europa.eu/pub/financial-…
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.