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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🇮🇷🇷🇺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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👉🏻 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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Binance
Binance Will List Rocket Pool (RPL) in the Innovation Zone | Binance Support
Fellow Binancians, Binance will list Rocket Pool (RPL) in the Innovation Zone and will open trading for these spot trading pairs at 2023-01-18 08:00 (UTC) : New Spot Trading Pairs : RPL/BTC, RPL/B...
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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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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
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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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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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The USDT dominance has been continuously rejected from the higher levels and till now it has not shown any sign of recovery. If the rejection continues to drop then we can expect USDT.D to even reach close to 4.9%. This will surely be a good thing for BTC and the altcoins.
For now, the USDT.D has support at the 6.4% to 6.5% level and if it has to bounce back then this could be the level from where we can expect a bounce back. Other support levels for dominance are 5.6% to 5.8% and 4.8% to 5%.
We hope that this update was helpful for you all. Stay tuned.Follow us
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🇺🇸 Miami Mayor: High inflation, debt and Fed manipulation "scream for investing in things outside the fiat system."
"It's no wonder to me that🥇 Bitcoin is up 30% this year" 🙌
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"It's no wonder to me that
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Currently we had a big resistance at $22.5k. hopefully, Bitcoin has breaked $22.5k of level.
Now next stop will be
24k-$25k Follow us
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Anonymous Poll
75%
Yes 👍
25%
No 😯
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Token Unlocks shows that AXS, ACA, GAL, RON, YGG, and IMX will be unlocked this week. 4.89 million AXS tokens ($63.18m) will be unlocked on January 23; RON will be unlocked on January 27 about 42.93m (about $24.25m); IMX will be unlocked on January 28.
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