Central Banks

Balaji Srinivasan Places a Wager on the Possibility of Hyperinflation

Source Node: https://platodata.network/platowire/balaji-srinivasan-places-a-wager-on-the-possibility-of-hyperinflation/
Time Stamp: March 24, 2023 12:00 PM - Modified On: March 24, 2023 - Published By:
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Balaji Srinivasan, a prominent Silicon Valley investor and entrepreneur, has recently made headlines for placing a significant wager on the possibility of hyperinflation in the United States. Srinivasan, who is known for his expertise in cryptocurrency and blockchain technology, has long been a vocal critic of the traditional financial system and its reliance on central banks and fiat currency.In a recent tweet, Srinivasan announced that he had purchased $1 million worth of call options on the cryptocurrency platform Polkadot, with a strike price of $40 and an expiration date of

Caitlin Long asserts that Bitcoin is unstoppable and regulators will struggle to control it, likening their efforts to a game of Whack-a-Mole.

Source Node: https://platodata.network/platowire/caitlin-long-asserts-that-bitcoin-is-unstoppable-and-regulators-will-struggle-to-control-it-likening-their-efforts-to-a-game-of-whack-a-mole/
Time Stamp: March 24, 2023 10:30 AM - Modified On: March 24, 2023 - Published By:
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Republished By Plato

Caitlin Long, a Wall Street veteran and blockchain advocate, has been a vocal proponent of Bitcoin for years. In recent interviews and articles, she has asserted that Bitcoin is unstoppable and that regulators will struggle to control it. She likens their efforts to a game of Whack-a-Mole, where they try to stamp out one aspect of the cryptocurrency only to have another one pop up in its place.Long's argument is based on several factors. First, she believes that Bitcoin's decentralized nature makes it difficult for any one entity to control

ING predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.

Source Node: https://zephyrnet.com/dollar-could-recover-a-bit-on-the-back-of-a-moderate-hawkish-surprise-by-the-fed-ing/
Time Stamp: March 22, 2023 7:11 AM - Modified On: March 22, 2023 - Published By:
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ING Predicts a Slight Rebound for the Dollar Due to Hawkish Surprise from the FedThe US dollar has been on a downward trend for the past few months, with the COVID-19 pandemic and the Federal Reserve's monetary policies being the primary drivers. However, ING, a leading global bank, predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.What is a hawkish surprise?A hawkish surprise is a term used to describe a shift in monetary policy towards tighter monetary conditions. This shift can

Hoskinson attributes banking crisis to money printing and fractional reserve banking, not crypto.

Source Node: https://zephyrnet.com/banking-crisis-hoskinson-blames-money-printing-fractional-reserve-banking-not-crypto/
Time Stamp: March 21, 2023 6:50 AM - Modified On: March 21, 2023 - Published By:
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Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has recently spoken out about the banking crisis and its root causes. In a recent interview, Hoskinson attributed the crisis to two primary factors: money printing and fractional reserve banking. He also made it clear that cryptocurrencies are not to blame for the current economic situation.Money printing, or quantitative easing, is the process by which central banks create new money to stimulate the economy. This can be done by purchasing government bonds or other assets, which injects new money into

Yen Strengthens Ahead of Federal Reserve, Swiss National Bank, Bank of England Meetings and Purchasing Managers’ Index Data

Source Node: https://zephyrnet.com/forex-today-yen-gains-in-rough-waters-ahead-of-fed-snb-boe-and-pmis/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The yen has been strengthening ahead of the upcoming Federal Reserve, Swiss National Bank, and Bank of England meetings and Purchasing Managers' Index (PMI) data. This comes as investors are looking for clues on how central banks will respond to the current economic environment.The Federal Reserve is expected to keep interest rates unchanged at its meeting this week, but investors are looking for hints of future policy changes. The Swiss National Bank is also expected to keep rates on hold, but investors are looking for clues on how it will

XAU/USD Gains 3% and Reaches $2,000: Gold Price Forecast

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The gold price has been on the rise in recent months, and the XAU/USD exchange rate has recently gained 3% and reached $2,000. This is a significant milestone for the precious metal, as it is now trading at its highest level since 2011. The surge in gold prices has been attributed to a number of factors, including a weakening US dollar, increasing geopolitical tensions, and a flight to safety as investors seek to protect their wealth from market volatility.The recent gains in the XAU/USD exchange rate have been driven by

XAU/USD Price Surges Above $2,000 as Gold Gains Over 3%

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The XAU/USD price has surged above $2,000 for the first time ever, as gold prices gained over 3% in the last 24 hours. This is a major milestone for the precious metal, which has been steadily climbing since the start of the year. The surge in gold prices is being driven by a number of factors. Firstly, there is increasing demand for safe-haven assets due to the ongoing economic uncertainty caused by the coronavirus pandemic. With global stock markets volatile and currencies weakening, investors are turning to gold as a

XAU/USD Gains 3% and Nears $2,000: Gold Price Forecast

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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Gold prices have been on a tear in 2020, and the XAU/USD (gold vs. US dollar) is no exception. The XAU/USD has gained 3% in the last week and is now nearing the $2,000 mark. This is a remarkable feat for gold, which has not seen such levels since 2011.The rally in gold prices is being driven by a number of factors. The most important of these is the ongoing uncertainty in the global economy due to the COVID-19 pandemic. As investors seek safe havens from the volatility of stock

BankDanske Bank Forecast: Interest Rate Hikes to Continue Despite Market Volatility

Source Node: https://zephyrnet.com/fed-preview-rate-hikes-to-continue-despite-volatility-danske/
Time Stamp: March 18, 2023 11:56 PM - Modified On: March 18, 2023 - Published By:
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The global economy has been in a state of flux for the past few years, with interest rates fluctuating and market volatility increasing. In this uncertain environment, it is important to understand how different banks are responding to the changing economic landscape. One of the most prominent banks in Europe, Danske Bank, has recently released its forecast for the future of interest rates. According to the bank’s analysis, it is likely that interest rates will continue to rise despite the current market volatility. Danske Bank’s forecast is based on a

Russian Lawmakers Pass Initial Reading of Draft Laws for Regulating and Issuing Central Bank Digital Currency

Source Node: https://zephyrnet.com/russian-lawmakers-approve-first-reading-of-draft-laws-establishing-cbdc-regulation-issuance/
Time Stamp: March 18, 2023 1:00 PM - Modified On: March 18, 2023 - Published By:
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In a move that could revolutionize the way Russia handles its currency, Russian lawmakers have passed the initial reading of two draft laws that would regulate and issue a central bank digital currency (CBDC). This move marks a major step forward for the country in terms of modernizing its financial infrastructure and bringing it into the digital age.The two draft laws, which were passed by the State Duma on April 15th, 2021, are aimed at regulating the issuance and use of CBDCs. The first law outlines the legal framework for

ANZ Forecast: XAU/USD Gold Price to Increase in Second Half of Year with Fed on Hold

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-to-advance-nicely-in-the-second-half-of-the-year-as-fed-pauses-anz/
Time Stamp: March 18, 2023 7:28 AM - Modified On: March 18, 2023 - Published By:
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The precious metal gold has long been seen as a safe haven asset, and its value is often used as a barometer for the health of the global economy. Recently, the Australian and New Zealand Banking Group (ANZ) released a forecast predicting that the XAU/USD gold price will increase in the second half of the year, due to the Federal Reserve’s decision to keep interest rates on hold. The ANZ report noted that gold prices have been on a steady rise since the start of the year, and that this