Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption. In theory, Bitcoin (BTC) should hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it. However, investors aren’t treating it that way. Instead, the cryptocurrency market is mirroring the stock market.   Why is that? Let’s dive into what prevents cryptocurrencies from acting as a hedge against inflation and what needs to happen to make them a hedge in the future. Crypto could be a hedge, but it comes with inconveniences. Cryptocurrencies present a unique solution, given their lack of a central governing bank. You can’t lose trust in something that doesn’t exist.   Its supply is finite, so it naturally appreciates. People using a blockchain with proof-of-stake protocols can access their funds anytime while continuously earning staking rewards on their current balance. This means tha...

  XAU/USD Key characteristics at a glance:  -  Gold stays on the front foot after confirming a bullish chart pattern. -  Softer USD, stimulus hopes battle risks emanating from China, Evergrande to favor buyers. -  US ISM Services PMI for September becomes the key ahead of NFP.   Gold Price Forecast: Bulls Challenging Fibonacci Resistance Gold (XAU/USD) snaps a three-day uptrend while easing to  $1,766, down 0.16%  intraday, during early Monday. The US Dollar Index (DXY) rebound, amid choppy Treasury yields and mildly offered stock futures, could be held responsible for the latest consolidation in gold prices. Although US President Joe Biden’s readiness to trim the demand over infrastructure spending initially favored market sentiment in Asia but fears that the Republicans will reject the move weighed on the risk appetite of late.   Also challenging the mood could be the news from Bloomberg citing another China property developer Fantasia tha...

  The euro (EUR) and US dollar (USD), as the world's two largest and most commonly traded currencies, account for the majority of trades in international finance. Euro to USD (EUR/USD) trading occurs on a daily basis, and the pair is extremely popular; it is the world's most liquid currency pairing. Many businesses operate in both Europe and the United States, with offices in both locations. Fundamental Elements: The vast amount of economic and financial data available on the EUR/USD exchange rate, the diverse range of market participants, and the combination of volatility and liquidity in the EUR/USD market all make trading this pair appealing to newcomers and veterans alike. EUR/USD, which has only existed since the end of the twentieth century, has proven to be a powerhouse in modern forex trading.   This common currency for much of Europe quickly gained traction and established itself as a market leader. Euro trading quickly became a new and exciting financial opportunity...

  The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency. Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen of the country with the regulator.  At the end of last year, the group issued an opinion in which it claimed that trading between cryptocurrency pairs is taxable even if there is no conversion to the real (Brazil's national currency). Although it does not specify what can be understood as "profit," since in the exchange of one crypto asset for another there is no capital gain in fiat currency, it points out that there is, even so, the obligation to pay t...

  Law firm Scott+Scott alleges that Yuga Labs promoted a chance at huge returns on investment to “unsuspecting investors.” A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of the BAYC NFTs and the APE token. 👉  Keep Pushing Your Profitable Trading With   👈 ✅ AssetsFX ✅   It also alleges that Yuga Labs promoted the growth prospects and chance for huge returns on investment to “unsuspecting investors.”“After selling off millions of dollars of fraudulently promoted NFTs, YUGA LABS launched the Ape Coin to further fleece investors.” “Once it was revealed that the touted growth was entirely dependent on continued promotion (as opposed to actual ut...

  The foundation aims to streamline Uniswap's grants program and "reinvigorate governance."The  $74  million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become a reality after their proposal received over  99%  of the votes from UNI token holders.   According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former  Uniswap  Labs executive Devin Walsh, now serving as executive director of UF, shared the results in a tweet on Aug. 24, noting that the proposal to create the foundation “passed its final vote!” According to the Uniswap website, the foundation saw more than 86 million, or  99%  of total votes, in favour of the proposal, with only 770 votes against it. The votes in favour come despite the initial proposal seeing diverse community reaction when it was first announced on Aug. 5.   The voting p...