Right on time, here I am for commentary on some of the week's news!
Governments are trying to regulate cryptocurrencies and now they are also trying to induce the shut down of mining plants in Russia. What can be the decentralization future if centralized entities keep inserting themselves into the discussion? What are the boundaries between regulation and a decent degree of freedom?
https://en.cryptonomist.ch/2022/07/09/bear-market-j-p-morgan-predicted-btc-bottom/
Are these the same people that in 2017 said that JP Morgan was against cryptocurrencies? Unfortunately a couple of years later they created their token and their blockchain. This case recalls at my attention what happened with the Swiss Franc in 2015.
https://cryptonews.com/news/bitcoin-outperforms-gold-by-wide-margin-after-strong-week.htm
Store of Value, Risk-on vs Risk-off. The origin of the potential decoupling of Gold and Bitcoin. Beyond a sudden increase in Gold supply thanks to the new mineral area found in Africa. We are going to talk about Gold soon. Stay tuned!
https://en.cryptonomist.ch/2022/07/08/cardano-confrontation-debate-proof-of-stake/
Cardano also enters the confrontation/debate on Proof-of-Stake and this is a great news, where company will explain to governments the difference between a passive income and the blockchain validation.
Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan. This is a “no-news” since smart contracts are simply programs executed in an automated way. Do not get fooled by marketing with crypto-terms
