Ethereum: Deflationary? Yes, but there is more than meets the eye

In January, ETH's supply decreased by 10,145.72 units. February might be marked by a price decline.  According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreasedThe post Ethereum: Deflationary? Yes, but there is more than meets the eye appeared first on AMBCrypto.

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Ethereum supply decrease results in net deflationary value of $16m

The supply of ethereum (ETH) fell in January, resulting in a net deflationary value of $16 million.  ETH net deflationary value falls to $16m According to the Ultrasound Money report, the total supply of ETH is 120,515,722, with an annual…

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M2 money supply could be a better measure of inflation than CPI

When markets turn red and inflation starts soaring, both regulators and consumers turn to CPI as a gauge for the damage done by soaring prices but in the chaos that ensues as markets enter into a recession, one metric always seems to be overlooked — the M2 money supply.

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Ether’s First-Appeared Monthly Deflation: Burning Amount Surpasses 560K, with Negative 30-Day Avg New Increase

Ultrasound. money data shows that this month marks the first time total deflation has occurred in Ethereum in a calendar month. The total ETH supply has decreased by 56955. 01 units, or about $88.

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Ethereum's ongoing price plunge can be a result of this 'ghost from ETH's past'

Ethereum’s [ETH] circulating supply has dropped considerable since the much-awaited Merge. According to data from ultra sound money, the supply of the leading altcoin has increased by just 5,000 andThe post Ethereum's ongoing price plunge can be a result of this 'ghost from ETH's past' appeared first on AMBCrypto.

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The Fed Can't Whip Inflation Alone

The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply.

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What if the Federal Reserve Has Inflation All Wrong?

The dominant U.S. inflation narrative blames pandemic stimulus for rising prices. But what if the money supply isn’t the real problem?

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Bitcoin, Gold and Bonds could dominate 2022 – Bloomberg Intelligence

Inflation is arguably out of control globally, with rates hitting as high as 9% in the United Kingdom while the M1 money supply grows. The post Bitcoin, Gold and Bonds could dominate 2022 – Bloomberg Intelligence appeared first on CryptoSlate.

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Mutant Parrot Society Announces NFT Collection of 10,000 Unique Characters

Mutant Parrot Society, a London-based NFT platform created to combat corporate corruption of the global money supply that has dominated the lives of people has announced the launch of a unique collection of 10,000 NFTs.

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Bitcoin climbs to $41K and flippens the Russian ruble

The Central Bank of Russia reported the country's money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar.

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Ethereum 'likely to capture a portion of the $123 trillion global money supply'

Despite the fact that a bear market might be taking over, fund managers remain hopeful about the crypto-space in the long-term. In fact, the most recent report by Cathie Woods' ARK Investments has claThe post Ethereum 'likely to capture a portion of the $123 trillion global money supply' appeared first on AMBCrypto.

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Ethereum The New Hard Money?

A debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else. The founder of a Bitcoin investments managing platform, Charles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game.

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Carl Icahn Sees Market Crisis Brewing, Notes Bitcoin’s Potential

Excessive money supply and rising inflation could lead to an U.S. market meltdown, he said, a perfect setup for Bitcoin.

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Does Russia have 'plans to change anything' when it comes to crypto-trading

Bitcoin has the potential to undermine the control of central banks over the money supply. China, for instance, has made some of the most aggressive moves against cryptocurrencies in 2021. On the contThe post Does Russia have 'plans to change anything' when it comes to crypto-trading appeared first on AMBCrypto.

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Bitcoin Already Tested 2017 ATH Accounting For Inflation

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Fed weighs on digital dollar

The chairman of the US Federal Reserve System announced plans to explore the possibility of launching a digital dollar to reduce the participation of stablecoins in the US money supply.

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What you need to know about Bitcoin's 'capitulation for the ages'

For the better part of the last two months, Bitcoin held its consolidation range between $32,000 and $40,000, and 15% of the BTC money supply moved in this range during this period. Its hash rate tookThe post What you need to know about Bitcoin's 'capitulation for the ages' appeared first on AMBCrypto.

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Warren Davidson at Bitcoin 2021: “The Fed is Dogecoin-ing the US Dollar”

The Doge community is not going to like this. In a panel at the Miami Bitcoin conference, Representative Warren Davidson spared no bullets. He compared the US Federal Reserve’s rampant money printing of late to Dogecoin’s unlimited and ever-increasing supply.

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USD Stablecoins Reach $100 Billion

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Fed’s Daily Tapering Increases by 23%- Tuesday’s Reverse Repo Removes $432 Billion from Market

Since well before the onset of Covid-19, the U. S. Federal Reserve had initiated monetary easing policies and from then on, the M1 Money Stock supply skyrocketed to levels never-before-seen in history.

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DeFi growth helps push crypto’s share of the global money supply above 2%

The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption.

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Wouldn’t you like to earn money after you dine in or order food from a restaurant or eatery?

Show Me the Money! You can earn Lunch Money when you share your experience on lunchmoney. io Lunch Money is a Cryptocurrency that has a supply of 189 Million tokens, and the price per LMY is currently $0.

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Lunch Money Offers Gig Economy For Restaurants

Wouldn’t you like to earn money after you dine in or order food from a restaurant or eatery? Show Me the Money! You can earn Lunch Money when you share your experience on lunchmoney. io Lunch Money is a Cryptocurrency that has a supply of 189 Million tokens, and the price per LMY is currently $0.

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Jameson Lopp Highlights Bitcoin’s Market Cap In Comparison To National M1 Money Supplies

According to rankings compiled by Casa’s Jameson Lopp, bitcoin would be a top-10 global currency by liquid money supply.

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Bitcoin market cap exceeds Canada's M1 money supply once again

The Bitcoin market capitalization is once again sufficient to cover the M1 money supply of either Australia or Canada.

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Bitcoin Market Cap Exceeds Australia’s M1 Money Supply

Bitcoin, the world’s largest cryptocurrency, now has more value in circulation than Australia’s entire M1 money supply. In February 2021, bitcoin breached the $1 trillion market cap threshold for the first time ever.

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What barriers prevent LINK's price from surging past this important resistance?

Chainlink is currently trading at $27.32 based on price data from coinmarketcap.com. The asset is currently under a massive supply barrier, based on data from @intotheblock. In/ Out of the money aThe post What barriers prevent LINK's price from surging past this important resistance? appeared first on AMBCrypto.

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Microsoft President Says Governments Still Best-Placed to Issue Currency

Micorsoft in the Public Interest Brad Smith, President of Microsoft Corp., says that he believes governments she be the only entity issuing digital currencies to protect the public interest. Smith made the comments during a conference hosted by the Bank for International Settlements in which he said: “The money supply almost uniquely needs to be … Continued The post Microsoft President Says Governments Still Best-Placed to Issue Currency appeared first on BeInCrypto.

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US Drug Enforcement Administration: Cryptocurrency ATMs Are Used to Laundry Money

In 2020, drug traffickers continued to adopt cryptocurrency-related technologies, in large part due to the coronavirus pandemic, which disrupted supply chains of illicit substances.

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ECB Seeks Veto Power Over Emerging Stablecoins in Europe

Because stablecoins derive their value from official currencies, central bankers are especially wary of them. They fear this relationship could affect control over payments, banking, and the money supply.

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Analysts Speculate Money Boom as M2 Supply Follows Upward Trend

According to financial analysts, the money supply has seen a 26% increase since February 2020. The last time that level of increase transpired was over 70 years ago. Facing Unique Financial Times Bitcoin, which several analysts term as a ‘speculative asset’, has recently had price surges, reaching new all-time highs in just a couple ofRead More

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Ex-OCC Chief Brooks Calls Tesla’s Bitcoin Buy a Bit ‘Scary’ for Rest of World

Brooks said the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.

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“Bitcoin is Not a Currency,” says Michael Saylor to Forbes Chairman; Declaring BTC Not an Alternative to the Dollar

Besides being “steak one day, dog food the next, and caviar the day after,” Steve Forbes says Bitcoin’s limited supply makes it not fit to be money. The post “Bitcoin is Not a Currency,” says Michael Saylor to Forbes Chairman; Declaring BTC Not an Alternative to the Dollar first appeared on BitcoinExchangeGuide.

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Bitcoin’s limited supply limits it from meeting the need of a growing economy – Steve Forbes

It is a popular opinion that bitcoin’s limited supply makes it more valuable and superior to other asset classes and fiat money. There are only about 18. 58 million bitcoins currently in existence. Out of this, 14.

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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy. ” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money.

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Grayscale Bitcoin Trust Adds 200% More Bitcoins Than Miners Manage to Mine

Flagship product of Grayscale Investments has no plans to stop eating Bitcoin (BTC) supply. But who gives them money? See the report

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How Money Printing Really Works

We all know that money printer go brrr. But how does the fiat money supply really get increased and what does this mean for our economy? The post How Money Printing Really Works appeared first on Bitcoin Magazine.

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M1 Money Supply Arms Race: Bitcoin Overtakes 23 Countries In 2020 Alone

2020 will go down in history for various reasons. While the pandemic took center stage, the emergence of Bitcoin, stimulus money, and unprecedented fiat money printing have been critical themes economically.

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$500M in Bitcoin leaves Coinbase as institutions buy more than miners sell

Big money is still scooping up the available Bitcoin supply despite short-term bearish signals, data shows.

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BlackRock CIO on Bitcoin: There’s ‘Clearly Greater Demand than Supply’

As Bitcoin continues to hover around $23,000, everyone finds the leading digital asset valuable one way or the other. Recently, Guggenheim Investments' Scott Minerd called for a $400,000 price target for Bitcoin driven by the digital asset’s scarcity and “rampant money printing” by the central banks.

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Guggenheim Pumping its Bitcoin Bag with $400,000 Moon Target

Less than three weeks after filing for buying 27,700 Bitcoin, 0. 15% of the digital asset’s total circulating supply, Guggenheim Investments has started pumping its bags. According to Scott Minerd, chief investment officer at Guggenheim, Bitcoin’s scarcity combined with the Federal Reserve’s “rampant money printing” will push the price of Bitcoin to about $400,000.

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Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply

While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months.

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Why New Bitcoin Investors Shouldn’t Be Deterred By The Scarce BTC Supply

Bitcoin has recently caught fire with institutions, corporations, and hedge funds in 2020, as a defensive strategy to protect wealth against the non-stop money printing press that was turned on after Black Thursday.

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Diehard Bitcoin Believers are What makes BTC so Valuable: AngelList Founder

The world’s largest cryptocurrency is known for being programmable money and a limited supply of 21 million BTC. The digital gold is slowly climbing up the ranks of the largest asset by market cap.

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Bitcoin Overtakes the Base Money Supply of United Kingdom and Russia Combined

Bitcoin is now more liquid than the cash supply of a global reserve currency, the Great British Pound (GBP). According to the Bank of England, there are 88 billion GBP...

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Report: Bitcoin Surges With Rising Real Interest Rates and Economic Stimulus While Gold Performs Better With Rising Inflation

A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising.

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Sorry, Governments, We’re Entering the Era of Private Money

Whether the U.S. government likes it or not, the world is demanding crypto-dollars and the private market is ready to supply them.

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Bitcoin, USD velocity both crash — but BTC price reacted differently

Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows.

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Cryptocurrency News Roundup for August 17, 2020

More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto.

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