Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Tether and Cantor Fitzgerald Clash with UN Over USDT: Insights and Responses

Tether and Cantor Fitzgerald have recently found themselves at odds with the United Nations over claims that Tether's USDT cryptocurrency is extensively utilized for illicit financial activities. The UN report pointed to transactions amounting to over 17 billion USDT linked to criminal endeavors. In response, Tether expressed dismay at the allegations and underscored its contributions to supporting emerging economies. Additionally, they extended an invitation to the UN to partake in constructive dialogue aimed at enhancing comprehension of blockchain technology.

Tether and Cantor Fitzgerald's Response to UN Claims:

  • Tether and Cantor Fitzgerald refuted UN assertions of USDT's widespread use in illicit financial activities
  • UN report highlighted transactions totaling over 17 billion USDT associated with criminal behavior
  • Tether emphasized its role in aiding developing economies
  • Invitation extended to UN for collaborative dialogue to deepen understanding of blockchain technology

In light of these developments, the ongoing dialogue between Tether, Cantor Fitzgerald, and the United Nations underscores the importance of fostering open communication and mutual understanding in the realm of blockchain technology and cryptocurrency. As the debate continues, clarity and cooperation will be key in navigating the complexities at hand.

Email Post

Comments

Post a Comment

Trending Stories