In 2020, the United States Federal Reserve embarked on a massive dollar printing journey, necessitated by the need to deliver financial stimulus packages for the American taxpayers during the wave of the Covid-19 pandemic.The U.S printed 35% of Dollar circulation in 2020Reports even had it that that year’s print represents 35% of dollar print in the history of the United States … [Read more...] about How U.S. excessive dollar printing benefits crypto
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ConstitutionDAO Outbid for First Printing of America’s Founding Document in Sotheby’s Auction
So-called DAOs have banded together before to score auction-block wins. But their trophies usually take the form of crypto, like non-fungible tokens (NFTs), whose ownership can be governed by smart contracts. A Beeple collection commanded a stunning $69 million at a Christie’s auction in March, supercharging the mainstreaming of NFTs in the U.S. and beyond. Source link … [Read more...] about ConstitutionDAO Outbid for First Printing of America’s Founding Document in Sotheby’s Auction
ConstitutionDAO Wins First Printing of America’s Founding Document at Auction
NEW YORK — A slapdash alliance of crypto fans just bought the U.S. Constitution.The group known as ConstitutionDAO placed the winning $41 million bid at Sotheby’s auction house Thursday for a first printing of the Constitution, one of only 13 left in existence. The final price will be higher, a Sotheby’s representative told CoinDesk.Sotheby’s refused to reveal the name of the … [Read more...] about ConstitutionDAO Wins First Printing of America’s Founding Document at Auction
Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement. Source link … [Read more...] about Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets