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CBDC

Central-Bank-Digital-CurrenciesHello, Welcome to this analysis about Central-Bank-Digital-Currencies in which I will explore the ongoing process by central banks to generate Digital-Currencies that replicate the individual Fiat-Currency, its characteristics, its possible manifestations, and its differences to the classical cryptocurrencies we all know as Bitcoin or Ethereum created in the beginning. Since Cryptocurrency was invented by the esteemed Satoshi Nakamoto publishing the open-source white-paper about Bitcoin as a completely decentralized Peer-To-Peer Digital-Currency which supply is limited and is generated through mining and the Proof-Of-Work concept many other decentralized cryptocurrencies emerged such as Ethereum or Litecoin that approved a secure and stable way of payment solutions operating within the determined blockchains. This completely new form of currency and the digital interface was watched by critics as well as supporters and a hype created with cryptocurrency enthusiasts accelerating the innovation process in cryptocurrency. On the other side, banks and governments watched the Cryptocurrency development not always with a non-critical eye, and especially in this process central banks took a greater study into the technology and the idea came into the foreground for digital currencies held and issued by the central banks that should replicate the real fiat-money which is printed by the central banks and distributed through commercial banks. The digital currencies that should be issued by the central banks became the name CBDC (Central-Bank-Digital-Currency) and today many countries' central banks started to work on pilot projects and prototypes to launch the digital replicate of fiat money, in some countries they are already launched and implemented in the economy. __ - Comparing The Classical Concept Of Cryptocurrency To The Central Bank Concept Of Digital-Currency The main characteristics of the classical cryptocurrency like invented in 2009 are that it is decentralized and that its supply is limited while the bitcoins are generated through the mining process there can be no more than 21 Million Bitcoins at all that defines the value of Bitcoin as miners need to improve the technological alignments to rightly mine the Bitcoins and come up with a mining-revenue to keep the process ongoing. On the other side, there is fiat money which is printed in the central bank printing press and which supply can be multiplied by will especially in times of crisis as it was in the last year the money supply increased exponentially by the central banks, this has an inflationary character and comes up with many other issues as in times of crisis the central banks need to print always more and more money as before. Now the fiat money printed by the central banks is issued to commercial banks with zero interests at this time and from there is supplied to the merchants and persons who taking up credits and which account money is held in a bank account as a "digital back-up" by the printed fiat money, the tendency with this bank account money is also to be multiplied by the banks and moved around in the system to be taken for credits so that one holds money in an account while it is used for the other individual's credit. Now as the central banks working on the digital currencies to substitute the fiat money in circulation the biggest difference is that its supply is not limited like it is in Bitcoin or many other cryptocurrencies, as the central bank fiat money can be printed further this is also the case with the upcoming central-bank-digital-currencies. Besides that the central-bank-digital-currencies are not decentral because they are issued by a central authority like the central bank, the system on which the CBDC is settled can be decentral however on a broader scale it is still centralized by the individual central bank, there is still a difference if the CBDC model is indirect, direct or hybrid nevertheless it is always centralized as the intern blockchain is created by the certain central bank. Another factor is also privacy as the public Bitcoin blockchain does not store any private user information, depending on the model with a CBDC this can be very different as there is indeed the possibility that private user information is stored in the blockchain by the central bank. Taking all these assumptions into consideration it comes to the conclusion that CBDCs aren't the same as the classical cryptocurrencies in common sense, it is rather a system that replaces the fiat money with digital money and gives the central bank much better opportunities to handle, store and track it with a faster network and potential storage of data. __ - Examining Models On How Central-Bank-Digital-Currencies Can Function With the gained assumptions it is important to note that there are different type models under which CBDCs can operate. Every model has its own characteristics and handles money circulation in an altered cycle. Besides that, the different models can have very different effects on the economy and especially on sectors like the banking industry or payment solution providers. Furthermore, the types on how payment data and information is stored differ within these models. It is highly necessary to recognize these concepts to assume how the CBDC infrastructure affects the economical landscape. The Indirect CBDC Model Within this model, the central bank keeps track records of wholesale accounts by the commercial bank as an intermediary between the central bank and the persons or merchants. The consumer as the person or merchant has a claim with the intermediary as the commercial bank and handles payments with the commercial bank. In this case, the intermediary handles all the communication with the consumer as retail clients and its net payment information, sending payment messages and storing the data. It would be a similar model to the actual credit distribution that exists with credits given by the central banks to commercial banks and from these distributed to the persons or merchants. The Direct CBDC Model The Direct CBDC Model functions differently from the Indirect one as the payments are handled directly between the central banks and the persons or merchants, in this case, receives, stores, and processes the information given by the consumer. This model is much more functional and practicable for the central bank as the commercial banks as intermediaries aren't necessary for the gateway. A full-scale implementation of this model will cause a higher decrease in commercial banks at all of which the sector already struggles, the model would further this process. The model would also set the central bank as the central authority handling all the payment relevant mechanisms with the consumer as persons or merchants. The Hybrid CBDC Model In this model the Persons or Merchants have a direct claim on the CBDC with the central bank while an intermediary, in this case, a PSP (Payment-Service-Provider) keeps track of the payments information and handles direct payments, the PSP in this case does not need to be a bank essentially. It is also integrated within that when technical issues come up with failures in the system that the central bank can handle direct payments with the consumers and restore retail balances. This system offers more flexibility at the cost of a more complex infrastructure to operate for the central bank. Besides that, it has a similar negative effect on the banks like the direct model as banks arent necessarily needed for the payment communication. __ It is not unlikely that the development of Central-Bank-Digital-Currencies will keep going within the upcoming times, therefore it is necessary to elevate how these diverging models can affect the actual economy. As many countries moving on with the projects and prosecution of CBDCs these will be realized in a more fulfilled way with a high possibility and it will be an important question on central banks will govern these CBDCs as they aren't decentralized like the cryptocurrency roots they can not be held as a direct comparison to these and are indeed a fiat money replication in digital terms, it will definitely open new doors for the central-banks money policy however what it has for effects on consumers as peoples or merchants is a serious examination. Thank you, for watching, it was important for me to scrutinize the significance of Central-Bank-Digital-Currencies and elevate a perception to this omnipresent topic. In this manner what do you have for an opinion of Central-Bank-Digital-Currencies implementation? Let us know in the comments below. Information provided is only educational and should not be used to take action in the markets.
Editors' picks
COINBASE:BTCUSDEducation
by VincePrince
40
BTC/USDT The September Fall and October Rise.Crypto's Rollercoaster: My Bold Take on What's Next Every time I sip my morning coffee and scroll through the latest crypto news, I can't help but feel a mix of excitement and apprehension. Let me share my two cents on where I think we're headed. Firstly, Binance and its fellow centralized exchanges (CEX) remind me of that popular kid in school who everyone wanted to be friends with. But here's the thing: for the crypto playground to truly flourish, we might need to find new friends. Their towering presence feels like a boulder blocking the path to the much-anticipated spot ETFs. I've got a gut feeling that as long as Binance wears the crown, we might be waiting a while for that ETF approval. Now, remember those days when we'd eagerly trade Pokémon cards in the schoolyard? That's how I view the liquidity game. Traditional finance (TradFi) used to be that kid with the rarest cards, but now, they're holding back. With major central banks acting all grown-up and tightening their grip, the fun days of easy trades seem like a distant memory. For crypto to be the cool kid again, DeFi needs a makeover. It should feel like finding that rare holographic card in your cereal box, not just another common card. Speaking of school, economics class taught me about the ebb and flow of global economies. Right now, it feels like we're in a tough exam period. With interest rates playing hard to get and real yields acting all high and mighty, it's tempting to stash our lunch money (read: investments) under the mattress. But here's my prediction: a few bad report cards (economic data) might just be the summer break we're waiting for. Lastly, remember the drama when someone owed someone else lunch money? That's the vibe I get from the current forced sellers in the crypto market. But gossip has it that once the air clears around these debts, we might see a happier playground. To wrap up my morning musings, crypto feels like that thrilling rollercoaster ride we dared each other to take. It's got its ups and downs, but boy, what a ride it's been! And I, for one, am strapped in and ready for the next loop.
Short
by osodatsismoso
Stellar Lumens - A Hidden OpportunityStellar Lumens - A Hidden Opportunity I cover the chart first and then some positive fundamental's and tokenomics. The LSE:XLM Chart I located and plotted trigger points, boundaries and of course a time structure. There is a clear bull/bear time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number for Bull and Decline periods. Three positive price action triggers are marked on the chart and are confirmed by the following: 1. Break above 10 Month SMA, combined with 2. Confirmed MACD Cross, combined with 3. Both occurring in the bull pattern time window All three have just occurred as of July 2023. IN ADDITION 4. This time we have broken above the POC, and 5. We have broken out of the OBV resistance line. All of the above is extremely bullish for Stellar Lumens XLM for the long term. The risk/return is ideal as a price just under the bottom of the ascending triangle can act as a stop loss for you and the upper end can act as a first main point to take profit. Undesirables: - If we close a weekly candle outside of ascending Triangle, Exit trade. - If we fall below the POC or 10MSMA, reduce position size or hold off until this happens and increase position size. This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above, ideally closing the majority of the position at the first trigger point 0.60c (lock in your stake and some profit). Furthermore, you have to be able to withstand the volatility within the ascending triangle without capitulating your position. There is currently some room to the downside but a lot more to the upside, you need to be prepared for both. Positive XLM fundamentals: Stellar is already being onboarded as a potentially compliant global payments system: Stellar (XLM) like Ripple Labs (XRP) is intending to be a layer 2 international global payments remittances provider and enabler, albeit while Ripple Labs is targeting big business and institutional networks/transactions, Stellar has an incredibly varied pipeline from on/off ramps, asset tokenisation, moneygram conversion and access, and much more. Stellar appears to be targeting the developer, the retailer, the consumer, the international payments community in their transfers/remittances, and the unbanked. The Stellar Blockchain is a decentralized consensus protocol making it very quick and very efficient with a distributed ledger updating globally every 2 to 5 seconds. ISO 20022 is an International Organization for Standardization (ISO) standard for exchanging electronic messages on payments data between financial institutions. They set the international payment standards through the likes of the SWIFT system and for the likes of CITI Bank, HSBC, J.P Morgan and Deutsch Bank. Currently cryptocurrency’s that are ISO Compliant or in the process of becoming compliant include Ripple CRYPTOCAP:XRP , Xinfin Network TSX:XCD , Algorand EURONEXT:ALGO , IOTA and Stellar Lumens $XLM. Why is this so important? Well because ISO compliant payment networks will be the most likely to be called upon for the distribution or enablement of Central Bank Digital Currencies (CBDC’s) and other secondary payment protocols. Private Partnership from the likes Ripple & Stellar will likely be called upon to develop, enable and distribute a new CBDC: We are aware that most governments are in the process of developing CBDC’s and cannot complete this task without private partnerships. For example as early as 2019 the Official Monetary and Financial Institutions Forum (OMFIF) outlined the following observations: “Practically, the operation of a CBDC is likely to rely on some sort of public-private partnership. Central banks could outsource the distribution of the CBDC to private financial institutions, which could also be involved in the onboarding of users” “most central bank respondents suggested they would outsource many of the public facing tasks involved in CBDC management to third parties.” “Some central banks noted that certain functions – such as ‘onboarding and overlay services’, or the actual distribution of the currency itself – could be ‘outsourced’ to private sector participants.” “Among respondents, 64% said ‘intermediation’ functions, such as customer onboarding, which could be ‘outsourced’ to private sector participants, would be important in CBDC implementation” In more recent news the Bank for International Settlements (BIS) AKA the Bank for Central Banks published a report based on surveys and data collection called “Making Headway”, they advised that: o 86 central banks took part in the survey (including the largest) o 15 CBDC’s would be up and operational by the end of the decade 👀 o Confirmed that Central Banks can hold up to 2% of their balance sheet in cryptocurrencies from the January 2025. Considering the BIS is usually very anti crypto this news is significant. Positive Tokenomics Vs competitor XRP: XLM is currently 21st largest cryptocurrency in the world with a market cap of €3.4 billion. XRP by comparison has a market cap of $27.8 billion and is ranked 5th, thus XRP would have a harder time of it in terms of multiplying its larger market cap and price. In November 2019, the overall XLM supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. So XLM has a max token supply of 50 billion whilst XRP has a max supply of 100 billion making it a more price dilutable token than XLM. At present XLM have released 51% of their 50 billion max token supply to the market whilst XRP have released 50% of their 100 billion tokens - 52.9 billion tokens (equating to number greater than the full supply available in XLM). XLM’s price will be greater impacted by demand than XRP due to the lower max token supply, smaller market cap and the fact no more new Lumens can be created, it is a fixed supply. The more participants that join the network and use the network the less Stellar Lumens are available thus creating a demand. From Jan 2020 to present Stellar Lumen accounts have increased from about 4.2 million to 6.7 million. In the same period total transactions increased from <250,000 to almost 1 million. All in this 12 – 18 month trade comes with a lot of positive upside and limited downside. XLM has a reasonable fundamental narrative backing it that could make it central to future payment networks and the XLM tokenomics provide a lot more upside potential than those of its close competitor Ripple (XRP). I am a fan of both offerings however it seems reasonable to have an XLM position if you have an XRP one. Maybe we can be the X-Army and support one another…. Maybe “X” will use both for its payment platform. One can dream. Please have a look at my XPR chart which is similar to the this XLM one, you may find that beneficial too. Hope all of the above helps frame XLM in your minds eye and also provides you with a structure for an XLM trade. PUKA
COINBASE:XLMUSDLong
by PukaCharts
10
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
XRP Apollo 12 MomentOpinion: XRP has always been the choice for future CBDC's and the trial was meant to induce accumulation. Ultimately I believe XRP will sucesfully win and under double jeopardy laws, XRP will become part of the club of 4. ETHEREUM, BTC, EOS and soon XRP. The 4 only cryptos with legal clarity. I am of the view that given enough time XRP 4$ will be looked upon as a buy opportunity. That being said. The current macro-economic outlook is very volatile. Given the current state of XRP from a technical perspective, it is likely to visit the top of the sellers control zone. I have marked these yellow as possible TP levels. (I do not see these levels as a short opportunity) If these levels are broken, I will revise this idea to the upside. PS: This is a continuation of my July 2022 idea on XRP DYOR: XRP and Central Bank Digital Currencies (CBDCs): The World Economic Forum (WEF) has identified XRP as a particularly relevant cryptocurrency within the emerging CBDC space. This is largely due to its potential to facilitate intra or inter-bank payments and settlements in the wholesale CBDC space. RippleNet’s On-Demand Liquidity service, which uses XRP, allows financial institutions to transact in real-time across multiple global markets. This service could also support the direct exchange of CBDCs. According to Ripple, XRP is faster, less costly, and more scalable than any other digital asset, which makes it an excellent tool for bridging different currencies​1​. The XRP Ledger: The XRP Ledger is a decentralized public blockchain that can be managed by anyone who connects their computer to its peer-to-peer network. The XRP Ledger uses a consensus protocol, with validators coming to an agreement on the order and outcome of XRP transactions every 3-5 seconds. Unlike other blockchains, it doesn't require mining, which prevents energy wastage in the transaction process. Its unique properties, such as its fast and efficient consensus algorithm and censorship-resistant transaction processing, are leveraged by thousands of developers. Developers are using the XRPL to build innovative projects and applications across blockchain use cases, including tokenization of assets, online gaming, asset custody, NFTs, and DeFi​2​. The Ripple Team: Ripple's leadership team includes Brad Garlinghouse (CEO), David Schwartz (CTO), Kristina Campbell (CFO), Monica Long (President), and Eric Van Miltenburg (Chief Business Officer), among others. Ripple's board of directors includes Chris Larsen (Executive Chairman), Susan Athey, Brad Garlinghouse, Anja Manuel, Masashi Okuyama, Craig Phillips, Sandie O’Connor, Rosie Rios, Michael Warren Warren Jenson​3​. XRP's CoinGecko Ranking: As of now, XRP is ranked #6 on CoinGecko with a market capitalization of $24,482,619,091​4​. Comparison with Other Tokens (Algorand): The comparison with Algorand in terms of its role in the CBDC field and market capitalization is still ongoing. So far, I haven't found detailed information about Algorand's role in the CBDC field. To complete this research, more time would be needed to further explore Algorand's relevance to CBDCs and compare its market capitalization with that of XRP. Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about cryptocurrencies can change rapidly, and it's essential to stay updated with the most recent developments. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
DXY: CBDC's Total Takeover? 🏛Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. For the past eight decades, the U.S. dollar has been the dominant global currency following the Second World War. It has been widely accepted worldwide, with only a few exceptions, and is commonly recognized by the image of Andrew Jackson and the seal of the U.S. Treasury, making it the most recognizable export of the United States. The U.S. dollar became the reserve currency of the world following the Second World War, mainly because the United States was the dominant global economic and military power at the time. The Bretton Woods Agreement of 1944 also played a crucial role in establishing the dollar's role as the world's reserve currency. Under this agreement, other countries agreed to peg their currencies to the U.S. dollar, which was backed by gold. This made the U.S. dollar a stable and reliable currency for international transactions, leading to its widespread acceptance as a reserve currency. Additionally, the U.S. had a large trade surplus, making it easier for other countries to hold dollars as reserves to pay for U.S. goods and services. The dominance of the U.S. dollar as the world's reserve currency has been a source of both admiration and resentment among other countries and superpowers. Many countries have benefited from the stability and liquidity that the U.S. dollar provides as a reserve currency, allowing them to conduct international trade and investments with greater ease. However, some countries have also experienced the negative effects of dollar dominance, such as the risk of currency fluctuations and the potential for U.S. monetary policy decisions to have spillover effects on their own economies. The U.S. dollar was not only commonly used in international transactions but also widely held as a long-term store of value across the globe. Central banks worldwide held more U.S. dollars than any other currency. This resulted in low borrowing costs for Americans, which allowed middle-class people to buy homes. Furthermore, the U.S. government was able to incur significant debts without apparent consequences due to the dollar's global dominance. Americans may not have been aware of this situation, but it had a favorable impact on their daily lives. Occasionally, the Congress discussed the debt ceiling, but it seemed like an abstract topic that most people did not care about since America controlled the global reserve currency and could print U.S. dollars. This privilege made money cheap, and Americans enjoyed benefits that were not available to other countries. However, the thought of losing this dominance was too terrible to contemplate, and concerns began to arise around the time the Russian military entered Ukraine about a year ago. The consequences of such a loss would be dire, and it was a worrisome issue. The Russian military's invasion of Ukraine was destabilizing, as wars typically are. However, it was the West's reaction to the invasion that raised concerns. U.S. policymakers, led by USA President Joe Biden and supported by Republican senators, seemed intent on not only toppling the Russian government but also disrupting the post-World War II economic order that had benefitted the U.S. for decades. The sanctions weren't expected to harm the U.S. economy more than the Russian economy. Russia's economy is not heavily reliant on financial services but on natural resources such as oil, gas, iron, and coal. Despite the sanctions imposed on Russia, its Ruble remains stable against the US dollar, which suggests that the sanctions did not have a significant long-term impact on Russia's economy. The seizure of Russia's central bank's dollar reserves was intended to collapse Russia's credit system and cause bank runs, but it didn't happen. The USA did not consider the dangers when using the dollar, the sign of security and unity, as a weapon. The result of this is unsurprising, many countries lost confidence in the dollar. And so, Russia, Brazil, Pakistan, India, Malaysia, France, China, and Saudi Arabia are conducting business in currencies other than the US dollar, such as the Chinese currency Yuan. This is happening at a fast pace and shutting out the US dollar, which is losing trust from other countries due to its use as a weapon and excessive printing, leading to inflation and currency devaluation. 💭Final Thoughts 💭 We look to history to speculate on the future. As the saying goes, history repeats itself. During the First World War, the German government borrowed heavily to finance the war effort, resulting in a significant increase in national debt. The government continued to print money to pay for its expenses, which led to hyperinflation and a collapse of the German economy in the early 1920s. In 1923, the German mark was practically worthless, and people had to carry wheelbarrows of money to buy basic goods. This hyperinflation had a devastating effect on the German people, wiping out their savings and pensions and causing widespread poverty and social unrest. The situation stabilized when the German government introduced a new currency, the Rentenmark, backed by mortgages on agricultural and industrial land which restored some degree of confidence in the currency. The German government basically inflated their currency due to excessive debt accumulated from war. The United States has a similar history with wars, relying on the reserve currency status to recover from the economic damage of these wars. However, considering the large economical impact of Russia and BRICS's contribution the the economy, it could be catastrophic due to the current state of the US economy. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the possibility of creating a new reserve currency as an alternative to the US dollar-dominated international financial system. The proposal was discussed at a virtual meeting of the BRICS finance ministers and central bank governors, with a goal to decrease the dependency on the US dollar and increase trade between member countries. However, no specific details were provided yet about the potential reserve currency. However, it's highly likely that this "new reserve" will be in digital form, as a CBDC (central bank digital currency). _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
TVC:DXYShort
by CryptoCheck-
13
Banking crisis + War Provocation = Haiiyaaa! More money printing. More banks facing liquidity shortage. More bank runs as panic and fear kicks in. As mentioned before, Q2 will be bank run galore. Entire 2 year's QT effort by Jerome Powell, is now being reversed in less than a month. Did Credit Suisse got bailout by SNB and UBS recently for almost $105B Swiss Francs? Hmm today $CS is trading at less than $1. Did SVB got liquidity injection by several banks and the government to avoid collapse? Hmm a week ago, SVB just filed chapter 11 for bankruptcy protection. Good read here: lnkd.in Early this week Deutsche Bank is knee weak and now the latest one, Schwab is flying a kite outside during a monsoon storm. Awesome read here: lnkd.in Yo, at the end of the day, I am forecasting that only a handful of banks, like less than 5, will be standing in the coming years. To usher in CBDC, you must herd the sheeps into a smaller ranch to make control and compliance, easier. To usher in CBDC, competition is BAD. Very bad. Competition is antithesis of monopoly. Therefore, Bitcorn? Ethereum? And the other cryptos? Hmm And US is getting more aggressive in provoking war with China and Russia. What has the world got to now.... I remember an old saying, "When all else fail, go to war" By Sifu Steve @ XeroAcademy
NYSE:DB
by XeroAcademy
SP-500 - Banking crisisYou might have wondered about the past ~400 days in the financial market, especially in the US and Europe. Numerous commentaries and opinions have been shared across business-related media regarding interest rates, inflation, oil prices, war, etc. Trust me; you are not alone! Even the most distinguished economic Nobel prize winners have yet to learn why the economic indicators are still stable with so many factors in place. You might have heard of the recent banking failure in the US and Switzerland and that the banking system is so strong that nothing similar to 2008 would happen. But you have yet to hear that this time is expected to be worse!! Milad opinion: In the next 40 days, till the first week of May, we will see multiple failures in the financial system and corporates with weak management, and we will see the tight unemployment rate finally cracking up. But this will be just the beginning of many failures to come. To explain this more clearly, in the past 15 years, we have seen a secular bull market that has pomped the asset prices to a level never seen before, leading to an everything bubble. As a result, we have seen the tech sector and related assets grow to an unsustainable level, and housing prices soar. But this fast growth has come to an end, and in the next 40 days, we will see a downfall of significant indexes to at least 30% to begin with, resulting in a tough landing. The bases are as follows: The banking crisis of 1907 and 2008 indicate a massive downfall of 30% or more, starting shortly after banks' failures. As the Fed Chairman touched on in today's Q&A, the credit market is falling, starting from Credit Swiss, and will be tightened further. This could threaten the housing market, which is already unstable. The 1974, 2002, and 2008 crashes indicate that the final drop should occur here. The downfall for SP500 shows 30% to 41% drop in the next 40 days. A historical unemployment rate study indicates a sudden jump in the following two readings. The bond market inversion (10s-2s) and (10s-3months) indicate that the recession is very close. Analyst Sentiment Measure of earnings among US companies indicates an extreme reading is coming, which means a significant drop in earning expectations. Leading Economic Indicator (LEI) alarms for immediate recession. ISM New orders Leading also indicates an immediate recession. What's next? You can see in recent weeks, the SEC has been questioning different comaniyas, cryptocurrency companies, and people. The regulation of the cryptocurrency market has begun, next is the takeover or liquidation of private banks in favor of the central bank. Then CBDC - FEDnow Starts in June-July. P.S if this prediction comes true, there will be a storm in cryptocurrency, and a drop below 16 is possible, I just keep it in mind. And it will look something like this Write your comments, send them to your friends, I really want to know your thoughts. Thank you MIlad Best regards EXCAVO
TVC:SPXShort
by EXCAVO
14
ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: A Strong Case for XRP ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: A Strong Case for XRP ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PERSONAL THOUGHTS : To me I think we're experiencing an echo cycle of our last bull run, and for the time being at least for now seeing BTC has cleared the 23k level and all signs indicating a continued trend upwards, we can expect and count on maybe really just ~2 more months (March & April) of straight bullish euphoric 'omg this is great' speculative hype driven good times before we reaching some kind of peak. I'm eyeballing for BTC 29k-32k conservatively and 42k-46k if things go wild and run irrationally out of control, as far as potential levels for this peak before we then ever so slowly start turning back downwards. And I say "slowly" start turning back downwards because that turn downwards will be marked by heavy market manipulation and media/news manipulation as institutional money artfully lulls retail investors into the biggest bull trap of our lives, and then suddenly (and somehow magically unexpectedly), this house of cards we've been duped into standing atop, will dumpster fire come crashing down and go violently into the dirt to the bewilderment and surprise of all. What's crazy and alarming to me is that for all intensive purposes the reality for how things are right now being: Inflation and Debt continue to get worse Corruption on all sides & Market Manipulation running rampant The domino tiles of Financial Institutions / Systems / Safeguards & Controls are already falling SEC Versus Crypto Charade is soo far past absurd that daytime soap operas wouldn't even air it We are in a recession right now, but retail investors blinded by greed have been tricked into throwing away logic and are irrationally jumping in deeper and deeper into Crypto Months after this final crash down Q3-Q4 2023 and the shell shock wears off, we will be on a slow and choppy climb back up conveniently and magically just in time for go figure, BTC halving in 2024 and what in my opinion will be the one of the last speculation and hype driven millennial crypto millionaire maker bull runs we can expect to see before the game changes on us entirely in the cycles to follow. I believe that the we are in the midst of and witnessing the masterful long game/end game of coordinated events and manipulation from the powers that be (Government/Institutional Investors|Whales/Exchanges|Banks/Cryptocurrencies) and once the dust settles, policy & clarification w/ regulation implemented, CBDCs will be established, a select few market leaders will emerge, the poor will be poorer, the rich will be richer. And the sad thing is, the parties responsible for the worst of it painted as heroes and the victimized retail investors none the wiser to it all, will somehow end up feeling thankful to these parties for 'saving' them. TIMELINE: 2023 Another Crash & Regulation >> 2024 The Last Great Bull Run >> 2025 & Beyond Adoption/Utility/Stability. FINAL REMARKS : From the dust and rubble aftermath of the above doom and gloom conspiracy theory rant, I believe there are a handful of cryptocurrencies acting out their part of the game here that will be poised to emerge Walmart monopoly style market/industry leaders dominating the rest, namely Ripple XRP and Swift w/ Chainlink LINK. Below I've collected a handful of supporting materials w/ bulleted notes and links to whitepapers, press releases, and noteworthy developments in the global financial industry that for the life of me I can't understand why people aren't talking about it more and/or mind blown freaking out about it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RIPPLE/XRP : Blockchain and Crypto in Payments Whitepaper A special report from the US Faster Payments Council and Ripple on the transformative opportunities of crypto-enabled payments—and what leading providers expect next. Cryptocurrencies and, more generally, the mindset of innovation that led to their creation and growth in the marketplace are exciting for the future of payments. Cryptocurrencies present a potentially compelling blend of flexibility and utility. They appear well-positioned to solve some seemingly intractable issues in payments by filling various gaps in payments flows efficiently and effectively. This report provides an overview of the use of cryptocurrencies in payments today, insights from participants in the faster payments ecosystem, and what the future holds for blockchain and crypto in payments. Table of Contents: - Brief Overview of Crypto Use in Payments Today - Page 5 - Blockchain and Crypto will Enhance Payments Speed and Boost Customer Value - Page 7 - Crypto’s Most Attractive Feature: Cost Reduction - Page 8 - Enterprises Gear Up to Support Crypto Payments - Page 11 - Crypto’s Environmental Footprint Gives Providers Pause - Page 13 - Conclusion: Bringing Blockchain to Payments - Page 15 REFERENCE: ripple.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : Top ISO 20022 Compliant Cryptos • New rules and regulations are coming into play for international and cross-border payments and ISO-compliant cryptocurrencies will be the legal and compliant cryptocurrencies most likely adopted when these regulations are implemented. • Many investors are bullish on ISO 20022 compliant cryptocurrencies as they will be integrated into the global central banking system and could potentially offer a massive price appreciation as these systems come online. • The ISO 20022 compliant cryptocurrencies will form the backbone of the New Financial System, replacing the legacy 50-year-old SWIFT payment system. This will be a new international blockchain-based financial payment system for global central banking and support international and cross-border payments around the world. • ISO 20022 Cryptocurrencies ○ Ripple (XRP) ○ Stellar (XLM) ○ Hedera (HBAR) ○ Algorand (ALGO) ○ Quant (QNT) ○ IOTA (MIOTA) ○ XDC Network (XDC) • ISO 20022 will undergo several changes in 2023. The ISO 20022 Crypto List Committee will expand the list of compliant coins and tokens and revise the criteria for inclusion on the list. In addition, the organization will make changes to improve security measures and reduce fraudulent activities. • New features such as cross-chain interoperability and atomic swaps will likely feature in the new additions, allowing users to effortlessly convert one cryptocurrency into another. • Swift, the world’s leading payment system, announced its decision to delay the implementation of the ISO 20022 standard until March 2023. This international transaction standard has become increasingly popular as it enables data-rich payments compared to traditional formats. As a result, financial institutions worldwide are now considering their options and timelines for completing the upgrade. • REFERENCE: ○ altcoininvestor.com(XRP),IOTA%20(MIOTA) ○ cdn.getmidnight.com ○ www.cryptopolitan.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RIPPLE/XRP : Ripple Powering the Next Evolution of Central Bank Digital Currencies • Digital transformation and disruption, particularly in the financial sector, has accelerated at a speed not seen before over the last decade. We have seen new players emerge to disrupt parts of the stack, like PayPal and Stripe, as well as whole new technology platforms emerge, such as blockchain and distributed ledger technologies. • One area where the pace of change has been most pronounced has been the tokenization of everything — from art with NFTs to property ownership and, perhaps most crucially, with the advent of digital forms of currency, tokens or digital assets, can be considered the avatars of the Internet of Value. When value is represented in a token, translating to the depiction of value on a blockchain, the value can inherit new capabilities. The most important of these are transparency, privacy, and agility. • Whether we realize it or not, we all know and have used a country’s fiat currency. Fiat money is a government issued currency that is not backed by a physical commodity, such as gold, but rather by the government that issued it. As fiat currencies look to evolve and keep up, central banks are looking toward tokenization. Consensus estimates are that 80% of central banks around the world are exploring the use of what is known as a Central Bank Digital Currency (CBDC). • A CBDC is a token issued on a blockchain that represents a country’s national fiat currency. • The market, opportunities, and challenges outlined above are what led us to evaluate the decentralized public blockchain XRP Ledger utilized for Ripple’s CBDC solution, which we believe is well-suited to support CBDCs on a nation state level. The public XRP Ledger platform has supported over 70 million closed ledgers since 2012 across financial institutions around the world. Ripple’s CBDC solution leverages a private version of the XRP Ledger (a public ledger). There is a fundamental reason for that success: trust. Financial institutions trust Ripple for the very same reasons it is well-suited to support CBDCs — it delivers on inclusion, security, interoperability, and sustainability. • REFERENCE: ripple.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play • SWIFT, the interbank messaging system that allows for cross-border payments, is working with Chainlink, a provider of price feeds and other data to blockchains, on a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept. • CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the interbank network to be able to communicate across all blockchain environments. • REFERENCE: www.coindesk.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : Banks’ SWIFT Messaging System to Experiment With Tokenized Assets in Early 2022 • SWIFT is planning a series of experiments in the first quarter around improving the exchange of information between the participants and systems that interact during the lifecycle of tokenized assets, according to a Tuesday announcement. • The experiments will use central bank digital currencies (CBDCs) as well as established forms of payment. • The organization, which links more than 11,000 institutions, aims to support the issuance, delivery-versus-payment and redemption processes, demonstrating how it could support “a frictionless and seamless tokenized digital asset market.” • Following the example of the crypto world, banks and securities firms are offering services whereby fractions of assets are sold as digital tokens to allow for greater liquidity and accessibility. • SWIFT is a global messaging network connecting banks and other financial institutions for cross-border payments. There have been suggestions its usefulness could decline because of the growth in use of digital currency – be it crypto, stablecoins or CBDCs. • REFERENCE: www.coindesk.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : Ground-breaking Swift innovation paves way for global use of CBDCs and tokenized assets • Interlinking CBDCs for seamless cross-border payments • Globally, nine out of 10 central banks are actively exploring digital currencies — often using different technologies and with a primary focus on domestic use. For the potential of CBDCs to be fully realised across borders, these digital currencies need to overcome inherent differences to interact with each other, as well as with traditional fiat currencies. • Swift, in collaboration with Capgemini, achieved CBDC-to-CBDC transactions between different DLT networks based on popular Quorum and Corda technologies, as well as fiat-to-CBDC flows between these networks and a real-time gross settlement system. The success showed that the blockchain networks could be interlinked for cross-border payments through a single gateway, and that Swift’s new transaction management capabilities could orchestrate all inter-network communication. • 14 central and commercial banks, including Banque de France, the Deutsche Bundesbank, HSBC, Intesa Sanpaolo, NatWest, SMBC, Standard Chartered, UBS and Wells Fargo, are now collaborating in a testing environment to accelerate the path to full scale deployment. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : Swift Go sign-ups triple as cooperative makes significant progress on G20 goals to enhance cross-border experience • More than 500 banks in 120 countries have signed up to enable fast, transparent low value payments using Swift Go • Strong adoption increases momentum towards G20 goals of better speed, cost, transparency, choice and access in cross-border transactions • Represents one of many Swift innovations in 2022 as cooperative records 13th consecutive year of traffic growth • To this end, in October, Swift announced ground-breaking innovation after successfully demonstrating how Central Bank Digital Currencies (CBDCs), and tokenized assets, could be exchanged across DLT and fiat-based systems. Swift’s innovation proved that ‘digital islands’ across the world can be connected, realizing the technology’s full potential to enable instant and frictionless payments and securities transactions. The CBDC solution is now being tested with 18 central and international commercial banks. • Furthermore, 2022 is set to be the 13th consecutive year of annual traffic growth on the Swift network, with an average of 44.8 million messages sent across Swift’s system each day by the end of October 2022, an increase of 7.7% on October 2021. The growth underscores the industry’s trust in Swift, which continues to deliver on its day-to-day mandate, with relentless focus on operational excellence. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : Exploring tokenized assets: Collaborative innovation in action • Working with Clearstream, Northern Trust, SETL and others, Swift plans experiments in Q1 2022 to explore how it can support interoperability in the development of the tokenized asset market. • Relative to cryptocurrencies and stablecoins, the current market capitalization of tokenized assets is small but momentum for these digital assets is expected to accelerate rapidly in the coming years. By some estimates, volumes could reach some 24 trillion USD by 2027. • Tokenization can be applied to stocks and bonds, but also to illiquid assets, including commodities, property or even art. For example, a share or bond with a high value per unit (say over $500) can be divided into digital pieces that each have ownership and value. This increases the liquidity of the overall asset, and accessibility, by enabling a wider demographic of people to invest in assets that may historically have been unavailable to them. • Banks and securities firms are responding to tokenization by developing services − including fractionalization, a process whereby assets are broken into smaller value digital tokens − amongst other digital asset servicing capabilities, such as private key safekeeping. Financial market infrastructures also are embracing tokenization by supporting the full lifecycle of digital securities. • As interest increases, Swift is exploring how it can enable and improve interoperability between participants and systems during the transactional lifecycle of tokenized assets. To this end, Swift plans a series of experiments in Q1 2022 leveraging its trusted role as a central platform to explore the issuance, delivery versus payment (DVP), and redemption processes, to support a frictionless and seamless tokenized asset market. These experiments will use both established forms of payment and central bank digital currencies (CBDCs). • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK : Tokenized assets interoperability: 5 key takeaways from our ground-breaking experiments • Here are five key takeaways from our experiments to help you quickly get up to speed on the future of tokenization in financial services. ○ The industry is fast gearing up for a tokenized future ○ The barriers to growth shouldn’t be underestimated ○ Our extensive tokenization experiments have proved successful ○ Swift could act as a ‘single access point’ to various tokenization networks ○ Feedback is essential to define the next steps • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : Swift accepts community request to start ISO 20022 migration in March 2023 • Following ECB’s decision, SWIFT has confirmed the postponement of the start of the CBPR+ co-existence period, to align with ECB’s recently announced new migration date of Target2 platform of 20 March 2023. • In a statement, to be found on Swift announcement released Thursday 27 October, Swift clarified: "An overwhelming majority of our global community has requested that Swift align the start of the global ISO 20022 migration for CBPR+ with the ECB’s updated timetable to ease implementation. • In response, we have taken a decision to accommodate this request, and Swift will begin the ISO2022/MT coexistence period for all users on 20 March 2023 (the end date for the coexistence period will not change running until November 2025)." • At the same time, Swift has reiterated that the revised start date of 20 March 2023 will be definitive. • Swift has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+) and since August, all required capabilities have been deployed and institutions have been able to exchange ISO 20022 messages on an opt-in basis. • On 20 October 2022, the ECB shared its decision delaying the ISO 20022 migration of the Eurosystem by four months. In light of this announcement and in line with our earlier scenario planning, Swift committed to further analyze and validate impacts on the timeline for CBPR+ with a view to maintaining operational and business continuity across the global financial system. • An overwhelming majority of our global community has requested that Swift align the start of the global ISO 20022 migration for CBPR+ with the ECB’s updated timetable to ease implementation. In response, we have taken a decision to accommodate this request, and Swift will begin the ISO 20022/MT coexistence period for all users on 20 March 2023. • At the same time, it is clear from our community feedback that there is strong momentum across the industry to implement and gain value from ISO 20022 rich data, so the revised start date of 20 March 2023 will be definitive. Financial institutions are therefore encouraged to continue preparation for the 20 March start date and consider all potential scenarios in their planning to ensure readiness for the start of ISO 20022 coexistence for CBPR+ from that date. • REFERENCE: ○ www.swift.com ○ www.ingwb.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : What is ISO 20022? • Starting in March 2023, the way the Swift community exchanges payments messages will be transformed with ISO 20022. This will unlock huge opportunities for financial institutions, such as boosting operational efficiency, enhancing customer experience, and enabling innovative new services. • A global and open standard, ISO 20022 creates a common language for payments worldwide. And its higher quality data means better payments for all. Whether you’re adopting ISO 20022 as from the start of the migration period or not, learn more about the mandatory actions you need to perform before March 2023. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : Why adopting ISO 20022 is good for you and your clients • Cross-border payments are entering an exciting new era with the global introduction of the data-rich ISO 20022 standard. To find out what outcomes banks and customers can look forward to, Swift's Stephen Lindsay spoke to Isabel Schmidt, Co-Head of Payment Products, from BNY Mellon at Sibos. • The payments industry continues its rapid evolution. The adoption of the ISO 20022 data standard is helping speed up the move towards greater integration and digitization of the entire payments space. It’s also supporting the drive for enhanced interoperability, and creating more visible, useable data and analytics. All of this is helping banks better understand their customers, how best to serve them, and ultimately creating better outcomes for the industry as a whole. • The starter’s pistol is ready and we’ll soon be out of the blocks for the global migration of cross-border payments to the ISO 20022 standard, beginning in March 2023. We have several exciting years ahead, as we move towards the final destination of having all domestic and cross-border payments using rich and structured data. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : ISO 20022 adoption programme • High quality payments data is becoming a reality. March 2023 marks the start of migration to ISO 20022 (MX) for cross-border payments and reporting (CBPR+), with a coexistence period with MT messages until November 2025. • Whether you’re adopting the standard from the start of the migration period or not, as a Swift customer, the mandatory action you need to perform before March 2023 is to upgrade your messaging interface (to ensure your messages are processed). Testing the receipt of multi-format MX messages (ISO 20022 + MT) generated by the In-flow Translation service on FINplus is also highly recommended. • To ensure you understand how all ISO 20022 changes will impact you and to help you get ready, we’re engaging with our community to outline all you need to know for March 2023. We are here to support your adoption journey as we move towards ISO 20022 go-live and coexistence. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC : ISO 20022 Timeline • Our approach to ISO 20022 adoption: In line with the adoption timeline agreed with our community, we’ll enable ISO 20022 messages for cross-border payments and cash reporting businesses, starting from August 2022, on opt-in basis, and March 2023 for general availability. There’ll be a three-year period of coexistence for MT and MX, allowing early adopters to benefit from ISO 20022’s richer, structured data, and other banks to adopt at their own pace. We’ll also facilitate the interoperability of MX to MT with our central In-flow Translation service. • Go-live on ISO 20022 for CBPR+ and the start of coexistence from March 2023: During the coexistence period, from March 2023, some financial institutions will begin sending ISO 20022 messages to gain the full benefits of richer, structured data. Other banks will migrate at their own pace, relying on central In-flow translation, or local translation services, until their back office is natively ready to process ISO messages. From March 2023, any bank can start sending MX messages, independently of their correspondent’s preferred channel (MT or MX). • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|CBDC : How ISO 20022 Will Take Ripple to the Next Level | A win for ISO 20022 will be a huge win for Ripple • Ripple (XRP-USD) is banking on the ISO 20022 banking standard, which is set to launch for all compliant entities to use in November 2022 Rescheduled to March 2023. • If adoption picks up, the standard could become the global banking language connecting all of the world’s banks and financial service companies. • Ripple is betting on the standard’s success by becoming a member of the ISO 20022 committee, building its crypto’s fundamental value by proxy. • Dozens of companies and banks now hold membership in the technical committee tasked with expanding ISO 20022’s reach. Interestingly enough, RippleNet also appears as one of the only crypto-centric companies to hold membership. Of course, the pair are a match made in heaven; the cross-border payments crypto and ISO 20022 both seek the same ends of making cross-border payments cheap, easy and automatic. As one of the largest crypto projects with this explicit goal, it’s a no-brainer for Ripple to get on board with the growing influence of traditional banking on digital assets. • REFERENCE: investorplace.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|CBDC : ISO 20022 Registration Management Group member list • The RMG has 37 delegations from the following Member Entities • RMG Member List Below • REFERENCE: www.iso20022.org Member entity Company ACTUS ACTUS Financial Research Foundation ACTUS Tahoe Blue Ltd ACTUS Ariadne Australia NPP Australia Limited Austria Bank Austria UniCredit Bank of England Brazil IPMF Global Brazil BM&FBovespa Canada Payments Canada Commodity Futures Trading Commission China People's Bank of China China China International Payment Service Corp Clearstream Clearstream Denmark The Danish Bankers Association Denmark Mastercard Depository Trust & Clearing Corporation European Central Bank European Payments Council Euroclear Finland OP Bank Group Central Cooperative FIX Protocol Ltd Brook Path Partners France Societe Generale France BNP Paribas Germany EURO Kartensysteme GmbH Germany BaFin India RBI ISDA/FpML ISDA ISITC State Street ISITC Fiserv ISO 20022 RA SWIFT Italy CBI Consortium Japan Bank of Japan Japan JP Morgan Chase Korea Bank of Korea Korea KATS Mastercard NACHA, IFX Forum The Netherlands Dutch Payments Association nexo standards Norway Bits AS Norway DnB NOR Bank OMG RippleNet Singapore Zensung PTE Ltd Singapore TechCreate Solution Private Limited South Africa ABSA Bank Sweden Swedish Bankers Sweden Swedish Standards Institute (SIS) SWIFT Switzerland Swiss Association for SWIFT and Financial Standards (SASFS) United Kingdom The Investment Association United Kingdom Pay.UK United States JP Morgan Chase United States Bloomberg Mojaloop Foundation VISA International ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ XRP IN THE NEAR TERM IDEA BTC IN THE NEAR TERM IDEA
Long
by Trevictus
3
USDC(Stablecoins)👉🏻 Bankfalls 👉🏻FED Regulation 👉🏻 CBDCUSDC USDC - US, peg lost Price is recovering and is now $0.95 This happened because Silicon Valley has a big problem, i will not go into details of this problem and how much collateral is lost. The fact is that the price of USDC was dropping to $0.86 and the price has not recovered yet to 1$ I am writing this post on Sunday because tomorrow is Monday and there will be an emergency FED meeting and the most interesting Scenarios : 1. the USDC is recovering and all is well, but confidence in this stablcoin is lost. Because, I will note so far the price has not recovered, ok there is a liquidity gap in steiblocoin pairs, but here is a different situation. 2. What if the price doesn't recover What to do? -Where to move to USDT? There is a scenario, when most of people go to USDT and then collapse the exchange rate of USDT (apocalypse Scenario). - Go to cash - Speculative option (not financial advice) Short USDCUSDT using Bitcoin Inverse contract with 1x leverage. The underlying asset for collateral will be BTC and the trading pair will be to the dollar. Of course you will pay a funding. If BTC goes down, we will have a profit from the short that will compensate for the downside movement. If it goes up, and since the underlying asset is BTC, then at closing the position the price in dollars will be exactly the same. We can look at the chart of the UST The decline to 0.65, recovery to 0.92 and then you see what happened. Of course, these are two different companies, different approaches, different backgrounds. USDC is much more serious But if you have some large part of the USDC you decided to speculate and earn 10%+ and you are not calm, shouldn't you just get rid of that asset without putting your deposit at great risk. Any Stablecoin is now a risk you take on yourself. Considering perfect storm scenarios. And where it all goes, and the direction this CBDC is headed . As the FED says it doesn't see any advantage in digital assets Why the Fed hates cryptocurrencies and especially stablecoins www.cnbc.com Required reading👆🏻 Many banks involved in cryptocurrency transactions were caught twitter.com What's next This is probably the first time you will see this company FedNOW - is a service developed by the Federal Reserve for depository institutions in the United States. It will allow individuals and businesses to send instant payments. Banks will be able to create products based on the FedNow platform. FedNow is scheduled to launch between May and July 2023. In this case you don't need banks when you have a FED _federal reserve system account FedNOW will provide the end user wallet in FED "A dollar in CBDC form is a liability of the central bank. The Federal Reserve has to pay you back." The plan became clear? This is all to finish off both banks and most of the crypto market will be the regulation of the cryptocurrency market I'm all about regulation in this article 👇🏻 The show must go on Tomorrow is Monday, opening of U.S. markets, urgent Fed meeting, it will be fun. I want to add a positive, if there will be a collapse, and it will happen sooner or later, we will see on the market will be inefficiencies on which arbitrage teams, and other market participants will be able to make big money. Our team has been tracking some inefficiencies since 2019 the result was on the falls in March 2020 and May 2021. What will happen to bitcoin. We can see that when the USDC went down the price of bitcoin relative to it became higher than to the pair USDT. Bitcoin is digital gold, at the beginning of the digital age. Crisis is always a time of opportunity. Best regards EXCAVO
KRAKEN:BTCUSD
by EXCAVO
7
December 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, Ethereum balance on exchanges reached a 4-year low of 19,523,141.398 ETH. Bitcoin is down 0.25% over the last 24 hours and fell to an intraday low of $16,636.31. The price of Bitcoin has not changed too much during the weekend. The 20-day EMA has started to turn down and the RSI has dipped below 43, indicating that bears are in command. If the price sustains below the 20-day EMA ($17,034), it could decline to $16,000. Today’s Cryptocurrency Headline Central Bank of Kazakhstan Plans to Launch CBDC Between 2023 and 2025 The National Bank of Kazakhstan (NBK) successfully completed the second phase of testing the Central Bank Digital Currency (CBDC) platform. The country's primary motivation for conducting studies on CBDC was to test its potential to improve financial inclusion, promote competition and innovation in the payments industry and increase the nation’s global competitiveness. Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX