Tag: monetary policy

Grayscale, the subsidiary company of Barry Silbert’s Digital Currency Group, launched the Ethereum Classic Trust to the public market on April 26.  According to the company, the aim was to enable institutional and conventional investors to utilize a strictly regulated traditional investment vehicle to invest in the altcoin. The market, which anxiously awaited for the launch of Ethereum Classic Trust,…

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Ethereum Classic (ETC), the spinoff project of the original Ethereum network created in response to the decision to bailout investors of the DAO, is fully detaching itself from the traditional Ethereum model, starting with the elimination of the original monetary policy, with the idea first floated in late 2016. The Ethereum network produces nearly 13 million new ether annually, without…

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A recent proposal by Matthew Mazur for the Ethereum Classic network, ECIP 1017, looks to adjust the monetary policy to make it more like Bitcoin’s, introducing a finite supply and a reduction in the block reward over time. On December 13, the ECIP 1017 proposal was presented, along with a discussion on Monetary Policy in the cryptocurrency space at the…

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Governments and central banks are trying to put an end to cash to introduce negative interest rates and actively engage in the development of digital currencies for a simple reason: reduce the anonymization of money. Despite the falsified claims of economists, banks, and financial institutions, bitcoin is not anonymous by nature. In fact, one can argue that it is the…

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Yesterday’s Fed statement was noticeably positive, more so than previous statements, on the assessment of the US economy and this may act as a drag on BTC-USD. The statement highlighted   “strong job growth in June” and “some increase in labour utilization in recent months”.   The statement also highlights that while household spending has grown strongly, business investment has…

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