🇸🇻 El Salvador approves bill to enable launch of #Bitcoin  bonds 💰


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🔴Breaking : Amazon (AWS) partners with #Avalanche  to scale blockchain adoption.


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📉 The Savings Rate just collapsed down to 2.2%, the lowest level ever.

Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Expect a big decline in consumer spending in 2023.


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🇺🇸 US Inflation Data Update.

US CPI inflation: 6.5%

Food inflation: 10.4%

Electricity inflation: 14.3%

Natural gas inflation: 19.3%


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🪙 Bitcoin is on fire 🔥 crossed $21,000

🪙JUST IN: #Bitcoin surpasses #Tesla⚡️ in market value

🪙 Bitcoin is currently trading around $21k

For the past 3 hours, someone(s) just bought ~$4B worth of $BTC futures in market orders, and $87M short positions liquidated across all exchanges.


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🪙Bitcoin market sentiment turned positive in the US.

It was traded over +1.27% premium per minute on Coinbase as of Jan 13th, 2023 at 19:38 EST.



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India's Central Bank head calls for a ban on cryptocurrencies because "it is gambling," leads to a "dollarization" of the economy, and banks "will lose control" if it grows further.


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🥇 Africa leads the world in Bitcoin  adoption.


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🪙An animation showing how many days Bitcoin's market capitalization has spent in each price range

💭So far, we have spent most of our time between $100 billion and $1 trillion 💰


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🪙BREAKING: Bitcoin    Difficulty hits a new ATH!


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🇮🇷🇷🇺The Central Bank of Iran (CBI) is collaborating with the government of Russia to launch a stablecoin backed by gold.

👉🏻 The goal of this new stablecoin is to enable cross-border transactions instead of fiat currencies, such as the U.S. dollar❗️


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🔶 https://www.binance.com/en/support/announcement/ee74e04671294f8786765415f8c287bb

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🔶Binance will delist $BEAM on January 26, 2023

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🪙Bankers and regulators at WEF event in Davos show concerns about Bitcoin  and crypto adoption and call for "urgent" regulation.


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🦄1inch launched hardware wallet

Join Waiting list Here

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🪙New FTX Chief says FTX could Restart

FTX’s new chief executive, John J. Ray III, said he’s looking into the possibility of reviving the bankrupt crypto exchange as he works to return money to the failed company’s customers and creditors.

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♾ BREAKING: Genesis Global filed for Chapter 11 bankruptcy protection in New York federal district court.

Names among Genesis creditors:

• Gemini: $765m
• Mirana (Bybit?): $151m
• Moonalpha (Babel): $150m
• Coincident Cap (Mex/Finex Leaderboarders): $110m
• Decentraland: $55m
• VanEck: $53m
• Abra: $30m
• Cumberland: $18m
• Stellar Foundation: $13m

✅ Source

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🇺🇸 Total debt: $31.4 trillion

Annual interest paid on debt: ~$1.2 trillion by 2024.

Annual tax revenue: $4.9 trillion

Annual Deficit: $1.4 trillion Loss
Projected 2023 Deficit: Over $2 trillion

The debt will continue piling up to 200% debt to GDP.

The Fed will have to eventually do yield curve control to keep the interest expense from consuming all tax rev.

The likely course of action is for the Fed to copy Japan. Take rates down to 0% again and let all of the debt rollover at yields between 0% to 1%.

That eliminates most of the interest expenses of the govt within a few years.


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🥇 Samsung's #bitcoin   wallet is now available in Australia, Brazil, Canada, Hong Kong, India, Malaysia, Singapore, and Taiwan.


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