Bitcoin 

Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company. As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he previously worked at Morgan Stanley with four out of the five Amber’s founders, and two of them — Wayne Huo and Tony He — used to report directly to Wang. No rest for the crypto market This decision reportedly bought Wang back to work after taking the past three…

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Bitcoin 

‘Time for Plan ₿,’ Says VanEck Exec as Negative Yield Bonds Hit 27%

According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost.  Negative yield bonds dwarf Bitcoin market cap This represents $15 trillion worth of debt. Or as VanEck digital asset director, Gabor Gurbacs, commented Aug. 14, this is 75 times the total Bitcoin market cap. “It’s time for Plan ₿!” he adds. Whilst currently this phenomenon is limited to certain European countries and Japan, all eyes are on the U.S. Federal Reserve to see if it follows the…

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Bitcoin 

Ex-Goldman Sachs Exec Confident ‘Nothing Else Has Payoff’ as Bitcoin

Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin (BTC) is worth betting on in the long term — even if it’s just a 1% chance. This and other insights Pal shared while speaking on the Stephen Livera podcast this week. Pal said:  “I know all these macro guys, they’re all in it. They get it. They get the optionality. They may be complete believers, part believers, partial believers. But…

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Bitcoin 

World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec

Bitcoin (BTC) is a leading indicator of hidden geopolitical tensions, according to a former exec at German multinational investment bank Deutsche Bank. Bitcoin a signal of what’s going on behind the scenes on Chinese trade talks? Peter Tchir, Forbes contributor and a former Executive Director at Deutsche Bank, stated that Bitcoin price movements could be a potential signal of what is going behind the scenes on Chinese trade talks in a Forbes article published on July 30. In the article, Tchir provided his observations of the correlation between Bitcoin price…

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Bitcoin 

Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day. Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people to move their funds from commercial banks to central bank accounts faster, thus destabilizing the system. Another issue that Carstens said arises with CBDC use, according to Bloomberg, is the different impact of interest…

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