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Showing posts with the label economy

Crypto might fluctuate due to Israel-Palestine war, analyst says

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As Israel announced a state of war with the Palestinian armed organization Hamas, speculation is rife about the potential impact on Bitcoin and the broader altcoin markets. During geopolitical upheavals like wars or military conflicts, market volatility usually spikes. While commodities like oil and gold often see a price rise, investors generally shift away from riskier assets, including stocks and cryptocurrencies. Meanwhile, crypto firms have launched humanitarian aid initiatives for displaced Israelis, echoing similar efforts in Ukraine earlier last year. You might also like: Crypto firms assemble aid fund amid Israeli-Hamas war Short-term volatility predicted by crypto analyst Miles Deutscher, a well-known crypto analyst , recently shared insights on X (formerly Twitter) about the potential impact of the Israel-Palestine conflict on the S&P 500. How will markets react to the Israel conflict? Well, the unpredictable and fast-changing nature of such events make i...

Macro factors to spark next crypto bull market in Q2 2024, Real Vision's Raoul Pal says

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Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick in in Q2 next year when the Bitcoin halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that, despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.  According to Pal, the Bitcoin halving cycle coincides with the macro cycle, which means every halving so far has taken place in a similar macroeconomic environment: monetary expansion and low interest rates. “Macro is actually the dominant factor and the halving is a false narrative, but it doesn't matter because it still works,” Pal said in an interview with Cointelegraph. Among the main catalysts favoring crypto next year are central banks cutting interest rates and potential fiscal stimulus that could precede the U.S. presidential election.  Regar...

What needs to happen to have an effective blockchain creator economy?

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Making the blockchain space more welcoming to creators can open up more use cases. The blockchain space has long been an attractive medium for creators of all kinds. From digital artists to software developers, blockchain tech has something to offer. However, one big challenge still remains in the space - most blockchains follow the ‘to each their own' concept. Interoperability in web3 is still scarce, which limits creators and makes the entry point for many a bit steeper. One of the main elements that creators of all areas are still seeking is the opportunity to collaborate freely and effortlessly. What needs to improve? As things stand at the moment, blockchain developers scarcely have the opportunity to build collaboratively. While a team of devs can come together and work on a single project, the opportunity for cross-chain collaboration is virtually nonexistent. Developers select a blockchain they’d like to work on, and there is little room for integrations beyond that protoc...