Macro strategist Lyn Alden says that in a global economy underpinned by an inflationary system, Bitcoin (BTC) stands as world’s best ledger.
In a new interview with Bitcoin proponent Peter McCormack, Alden says BTC is the ideal solution for the problems of the current monetary system.
“One problem is that we have an inflationary system. That’s problematic enough in developed countries. In smaller and developing countries, they have much higher inflation levels on average, and usually within a lifetime they experience hyperinflation. They just lose their savings if they were holding that currency…
Number two is the fact that it’s all mostly permissioned. You need permission from your bank to do things. In some countries, that’s pretty benign. In other countries that are more authoritarian, and according to estimates from Freedom House – the way they depict it – about half the world lives under something that’s classified as authoritarian or semi-authoritarian. So permission systems are obviously a big problem in that regard. source

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The economic situation of the United States has been getting worse in recent times, recording inflation rates that have not been seen in 40 years. Given this, the Fed obviously have their work cut out for them, and they have reportedly begun taking measures against this. Fed Chair Jerome Powell had made a speech a little over a week ago where he had described the Fed’s position as “hawkish” and warned of “pain” to come as measures are put in place.
Market Strategist Warns Of The Consequences
The Fed has not exactly been shy about what the consequences of the high inflation rates and the Fed’s stance would be. The Fed boss had explained that it would take some time to fix the economy and normalize the price volatility, letting everyone know that there would be a price to pay for this. source

In a tweet today, Ripple Chief Technology Officer David Schwartz rejected arguments by Jerry David Chan that Bitcoin home nodes do not matter to the Bitcoin network, saying “miners won’t mine blocks node operators won’t pay them for.”
“Nonsense. You can refuse to accept any tokens rewarded to miners in that block. Miners won’t mine blocks node operators won’t pay them for,” Schwartz tweeted.However, Schwartz responds by noting that it is irrelevant what exchanges do, as the true purpose of home nodes is for users to decide who they interact with on the network. Furthermore, he notes that with the home node, users can ensure that those who do not meet their criteria do not interact with them.https://cryptonews.net/11748587/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Bitcoin’s (BTC) attempts to rally above the crucial $20,000 psychological level have faltered as bears appear too strong in the wake of prevailing macroeconomic factors. Consequently, technical analysis points to a more gloomy future for the flagship cryptocurrency.
In particular, a summary of Bitcoin’s one-day technical analysis as of September 4 points to a strong sell at 16 while neutral levels stand at nine. At the same time, none of the analysis recommends buying the asset at the moment.
A breakdown of the technical analysis shows that oscillators suggest a sell at two while nine are expressing neutrality. Based on the moving average, technicals point to a strong sell at 14, while only one shows neutrality. Overall, the analysis can be considered that Bitcoin is in an oversold state as the market looks for the possibility of a rally. This comes as Bitcoin continues to trade below its 200-week moving average, a metric that has historically given insight into what stage of the top crypto market cycle it is in. The asset has been trading in the zone for nearly two months. https://cryptonews.net/11753513/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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Ethereum price today is $4,747.45 with a 24-hour trading volume of $21,025,252,204. ETH price is down -0.6% in the last 24 hours. It has a circulating supply of 120 Million ETH coins and a total supply of ∞. If you are looking to buy or sell Ethereum, Bitfinex is currently the most active exchange.

We can all see that BNP coins are increasing a lot now.Its price was much lower at one time but now it has increased considerably.It has become more popular to get recognition as a platform. As the days go by it will become more popular and the price will also increase a lot.