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Today’s Latest Crypto News Dec-2023

Today’s Latest Crypto News. The crypto market is going to go insane here very soon I just got off the plane in Las Vegas apologize if there’s some background noise but I saw the news when I was waiting to get off the plane and there’s so much freaking stuff that just happened.

I talked about some of the bullish things that have happened behind the scenes about Black Rock being with SEC for the third time and a bunch of these other companies working with them too I talked about how there are some whales smash buying and I wrote in my notes and I wrote in my notes people made so much money on long trades when the market was moving up from to and I said we’re going to make the same amount of money.

Crypto Account Management

There are going to be people that open long trades that make massive amounts of money from just back to where we were and I opened up a long I have some other longs opened as well this is going to be crazy so if you want to sign up with Marjax or underneath the article there’s no KYC and there’s no VPN needed and we’re about to run some trading competitions here very soon based on volume.

So I would go set up your account deposit money in there if you’re interested in that and start trading so you get a feel for the platforms we’re also running some deposit bonuses as well now Crypto News is starting to move up.

There are a couple of reasons for that but I already talked about some of them this morning. If you haven’t seen that News, I would go watch it but first of all, let’s start with a good piece of news but something that’s not huge compared to what we’re about to talk about. Still massive though. On any other day, this would be top news. World’s largest oil company, Saudi Aramco partners with with Japanese finance giant SBI Holdings to explore investing in digital assets.

Today Crypto News

Today Crypto News They are buying crypto just like every other company out there we know that the Middle East is interested in Crypto News we know Guitar specifically recently came out that they may be buying up some Bitcoin we know that these companies these oil companies are invested or trying to invest in new technology like Tesla.

Even some of the BP or even BP and some of the other gas companies oil companies are trying to invest in Tesla chargers for example so it makes a lot of sense to me that they would want to go put some of their old money into something new that can continue to grow in value now we had good PPI this morning zero percent month on month core came in lower than expected.

So we are at a point where inflation looks like it’s dead and we’re hearing from the Fed now that they are leaving rates unchanged and they indicated three cuts coming in twenty-four how nuts is that the pivot has started and I’ll reload this page at the end because I’m recording this right when the Fed speech should be starting Drone Powell has gone from not even talking about rate cuts to now the Fed indicating that they have three rate cuts coming and of course.

Crypto Currency

if the economy still stays strong if or even if it doesn’t right if inflation is still coming down like it has been recently we’re going to see more rate cuts we’re going to see more than they’re even indicating right now I would be surprised if Joan Powell speaks kind of doveishly maybe for the first time talking about rate cuts at this meeting.

We also have news that mortgage refinances have jumped percent. We’re starting to see mortgage rates come down which are kind of tied to prime or what the Fed does but not exactly so we’re starting to see —-year rates come down. We’re starting to see refinances starting which is great because this means that people will have more money to invest or spend. Either way, it’s great for companies and apologize if the camera’s a little bit wobbly.

Bitcoin

I have this sitting on my backpack but this is great news. If more money is unlocked and you know mortgages go down there are more sales there’s more turnover there are more GDPs there’s more money flowing into assets that we invest in and Bitcoin is going to be recorded at fair value under new FASB rules issued today coming from Bloomberg.

This is huge previous companies could only value Bitcoin at the lowest price they bought at which means that they would have to record losses but not gains when the price recovered this is huge we knew was coming I didn’t realize it was today but this means that there are more companies.

Now that can buy Bitcoin they are willing to buy it because they can show gains and losses instead of just constantly racking up more losses so this is all great for cryptocurrency.

FAQs

What is blockchain?

Blockchain is a decentralized and distributed ledger technology that records transactions across multiple computers securely and transparently. It is the underlying technology behind most Crypto News.

How do cryptocurrencies work?

Cryptocurrencies work through a decentralized network of computers that validate and record transactions on a blockchain. Users transact directly with each other, and the transactions are secured using cryptographic techniques.

What is Bitcoin?

Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.

What is market capitalization in the context of cryptocurrencies?

Market capitalization (market cap) is the total value of all coins in circulation for a particular cryptocurrency. It is calculated by multiplying the current price per coin by the total circulating supply.

How can I buy cryptocurrencies?

Cryptocurrencies can be purchased on cryptocurrency exchanges using traditional fiat currency or other Crypto News.

What is an ICO (Initial Coin Offering)?

An Initial Coin Offering is a fundraising method in which new projects sell their underlying cryptocurrency tokens to early adopters and investors in exchange for Bitcoin, Ethereum, or other established cryptocurrencies.

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