Aurelia Butler

In his view, record-high gold prices are not just a reflection of market trends. They signal something more concerning, like higher inflation, unemployment, rising long-term interest rates and maybe even a recession on the horizon.While many are looking forward to the Federal Reserve cutting interest rates next week, which some think will give gold’s ongoing rally a boost, history shows that gold often does well in periods of monetary change. For example, in September 2007, the Fed cut rates for the first time in four years after holding them steady at 5.25%. This led to a 45% surge in gold prices over the subsequent six months.Meanwhile, Bitcoin, while seen by some as gold 2.0, has yet to emerge as such a safe haven in the eyes of the majority of market participants; while it is still seen as the digital gold due to its deflationary nature and scarcity, cryptocurrency as a whole is seen as beta to tech stocks and the riskiest assets.That is why the performance of the NASDAQ may be more important to BTC than the precious metal right now, and why neither tech stocks nor digital assets are guaranteed against a free fall in a recession.This article was originally published on U.Today More

This article was originally published on U.Today More

Among “regular things” such as sexual orientation, gender self-identity, nationality, etc., “serious harm” now can also be caused if a person expresses a lack of confidence in the banking system and spreads “misinformation” about it. This could “bring harm” to the Australian economy.Bitcoin was initially created by Satoshi Nakamoto as a tool for those who do not trust the banking system. Therefore, Jamie Coutts tweeted: “If you live in Australia and own Bitcoin you better wake up. This Orwellian legislation is aimed right at you!”Alex James stated the same thing in his tweet: “Serious harm is…harm to ‘public confidence’ in the banking system. If you’re not confident in the banking system, you are spreading misinfo.”Santiment’s analysts say that after the recent mild rebound faced by Bitcoin, once the combined supplies of Bitcoin and Ethereum miners start growing again, it could be interpreted as a “strong signal the next bull run is approaching.”Over the past week, the world’s flagship cryptocurrency, Bitcoin, has staged an increase of more than 8%, rising from $53,490 to the $57,790 level, where it is changing hands at the time of this writing.This week, as reported by U.Today, Bitcoin miners sold 30,000 BTC worth roughly $1.7 billion within just 72 hours.This article was originally published on U.Today More

The firm is now one of the biggest corporate holders of Bitcoin, a feat it achieved over four years. The company started buying Bitcoin in August 2020 as the COVID-19 pandemic triggered an economic crisis that rendered the U.S. dollar less valuable. Convinced of its bets, the firm has grown its holdings despite criticism and fluctuating portfolio valuation.Since then, the firm has used every opportunity to buy the coin. On several occasions, MicroStrategy even issued Convertible Senior Notes, a debt offering to buy more Bitcoin. Overall, the company’s bets have paid off. In the latest update, Michael Saylor said the company has achieved a BTC yield of 4.4% QTD and 17.0% YTD. Its share price is also one of the best performing on Wall Street at the moment.Metaplanet has a relatively smaller Bitcoin portfolio, but it has remained consistent in its accumulations, just like MicroStrategy. The Japanese firm has also been selling securities to acquire more digital currency.With Bitcoin about 20% below its all-time high (ATH), these HODLers are confident in the prospect of massive returns soon.This article was originally published on U.Today More

Dragonfly Capital’s Haseeb Qureshi, Agora’s Nick van Eck, Founders Fund’s Joey Krug, and 1inch’s Sergej Kunz are among the confirmed speakers.SynFutures (www.synfutures.com), the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit, the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour.Speakers include:Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page. The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict.About Borderless SummitBorderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3.For more information, go to https://lu.ma/borderlesssummit2. About SynFuturesSynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model.Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.ContactCMOMark [email protected] article was originally published on Chainwire More