Discussing trade wars and stringent immigration policies, Draper said the U.S. empire was voicing the “last roar of the dying lion,” and was making a final claim to “relevance” on the world stage. “The rest of the world is saying, ‘Hey, look, we got global trade. We’re gonna go wherever we feel that there’s enough freedom and trust.’” Source link … [Read more...] about Tim Draper on Bitcoin and the Collapse of Fiat
Collapse
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy.” Steve Hanke Wants Countries to Adopt Currency Boards Instead of Gravitating … [Read more...] about Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
Turkey considers crypto regulation following the collapse of two exchanges
Turkish authorities are planning to start regulating the cryptocurrency space in the country after two local crypto exchanges allegedly conducted an “exit scam” within a week, as per a report on business news outlet Bloomberg yesterday.As CryptoSlate previously reported, major Turkish crypto exchange Thodex, which held at least $2 billion worth of its users’ crypto in custody, … [Read more...] about Turkey considers crypto regulation following the collapse of two exchanges
‘Silent crash’ as price floors collapse across NFT space
If prices plummet in an illiquid market, how soon before anyone notices?While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has … [Read more...] about ‘Silent crash’ as price floors collapse across NFT space