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Bitcoin and the Inflation Debate
Inflation remains out of control globally and governments are implementing different measures to counteract it. While interest rates in the US have risen to their highest level in 15 years, tax cuts in the UK are causing the pound to plunge to its lowest level in 50 years against the U.S. dollar.
Faced with this scenario, it becomes necessary to analyze the historical conditions that led to the current landscape and ask the question of whether Bitcoin can be a better store of value than today's fiat money.
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Fed raises the federal funds rate to 3.25%.
In a further 75 basis point increase in interest rates by the U.S. Federal Reserve, the rate at which banks borrow reached 3.25%, pushing the federal funds rate to its highest level in 15 years.
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British pound falls to its lowest level in 50 years
Following statements by the British finance minister about tax cuts in the country, the price of the British pound against the U.S. dollar plunged 2.09%, falling to 1.0568 dollars per pound, its lowest level since 1971.
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Société Générale offers Asset Managers Digital Assets services
France's third-largest bank by market capitalization extended its offering of professional funds based on Digital Assets to Asset Management companies. They will thus be able to act as fund custodians, valuers and liability managers under European regulation.
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Nasdaq to launch institutional custody service for Digital Assets
The second largest stock exchange in the United States, Nasdaq, is awaiting regulatory approval to offer its Digital Asset custody services to institutional clients.
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Southeast Asia's largest lender enables Digital Assets trading for wealthy clients
Accredited investors will be able to trade Digital Assets on Singapore's DBS bank's new platform, previously restricted to corporate, institutional and family office clients.
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SEC Expresses U.S. Jurisdiction over Ethereum
Suggested between the lines in a lawsuit against an investment firm, the U.S. Securities and Exchange Commission (SEC) expressed jurisdiction over Ethereum transactions as most of the nodes of that network are concentrated in the North American country more densely than in any other geography.
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CFTC sues a Decentralized Autonomous Organization (DAO) for the first time
The Commodity Futures Trading Commission (CFTC) sued for the first time a DAO, called Ooki DAO, including governance token holders, for using such a structure to evade regulatory oversight.
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DARPA to investigate the impact of Digital Assets on U.S. national security
The American Defense and Advanced Research Projects Agency, also known for creating the Internet, has hired analytics firm Inca Digital to build a Digital Assets mapping tool to help it weigh its impact on U.S. national security.
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European regulation of Digital Assets is now complete
The Markets in Crypto Assets (MiCA) regulatory proposal has been completed, although the text is still open for comments. The regulation would cover from more traditional assets such as bitcoin, to more novel forms such as stablecoins and even certain types of non-fungible tokens (NFT).
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U.S. regulation would ban stablecoins like Terra UST for two years
A new legislative proposal being pushed from the U.S. House of Representatives would ban the issuance of algorithmic stablecoins such as Terraform Labs' collapsed UST for two years. The proposal would also allow banks to issue stablecoins under regulatory approval.
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Colorado Now Accepting Tax Payments with Digital Assets
The Colorado state tax payment portal now allows payment with Digital Assets via PayPal for a fee of US$ 1 plus 1.83% of the amount paid. All in all, the settlement for the governor's office will be in U.S. dollars.
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Honduran insurance companies integrate blockchain technology
Consultoría Estratégica Empresarial, Seguros Lafise and Cooperativa Sagrada Familia in Honduras have integrated blockchain technology into their operations in order to increase the reliability of the data they share.
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Interpol asks world's law enforcement agencies to find and arrest Terra UST creator
After South Korea issued an arrest warrant for the founder of Terraform Labs, now Interpol notified law enforcement agencies around the world to search for and arrest Do Kwon, creator of the collapsed stablecoin Terra UST.
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Solidus Capital is the leading firm in Digital Assets, which provides exclusive, agnostic, and institutional services such as Liquidity, Custody Solutions, Wealth (Private Accounts and Portfolio Management), Multi-Strategy Funds, Private Placements, and other sophisticated products in conjunction with bespoke accompaniment to High Net Worth Individuals, Family Offices, Companies, Wealth Managers and Banks.
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By relying on Solidus' services, investors avoid the classic fatal mistakes:
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- Lacking information in the context and moments of the market
- Executing operations inefficiently
- Using unreliable service providers and infrastructure
- Closing of accounts and freezing of funds
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Disclaimer
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