Crypto Account Manager

Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank account and $100 via cash monthly. As protests continue to mount worldwide, the signs don’t look good for fiat money or the people who hold it. Also Read: Low Interest Rates Are Crushing Young People and Fueling Global Riots In the Name of Saving Central Banks Unlike a normal business in the private sector, government organizations and the institutions embedded therein are often immune from market consequence. This fact was possibly hinted at by the creator of Bitcoin himself when he included the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” in the genesis block . The Argentinian central bank crackdown on USD pur...

The London-based exchange Cryptophyl is a trading platform focused on the Simple Ledger Protocol (SLP) and bitcoin cash ( BCH ) ecosystem. On October 29, the exchange announced the launch of the first fiat on-ramp to obtain well-known SLP tokens. Also read: Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Purchasing SLP Tokens With Fiat Cryptophyl.com has revealed the public can now purchase SLP tokens using fiat via credit cards, debit cards, and Apple Pay. The Cryptophyl team is collaborating with the payment processor Moonpay in order to facilitate the fiat on-ramp. The SLP token ecosystem has grown quite mature this year and thousands of tokens have been created using the BCH network. Data reveals there’s been 5,400 SLP tokens minted since the inception of the protocol and a slew of tokens have been listed on exchanges. Cryptophyl launched in August and initially offered spice (SPICE) trading with bitcoin cash but the trading platform now has honestcoin (USDH) ...

Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Also read: 4 New High-Powered Bitcoin Miners Revealed Canaan Files for US IPO Canaan Inc., a holding company that owns China-based Canaan Creative, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 for an initial public offering (IPO). “We are offering American depositary shares, or ADSs. Each ADS represents Class A ordinary shares, par value US$0.00000005 per share,” the filing details. The company hopes to raise $400 million. The underwriters named in the filing for the IPO are Credit Suisse, Citigroup, China Renaissance, CMBI, Galaxy Digital Advisors, Huatai Securities, and Tiger Brokers. The company plans to apply to list its ADSs on the ...

The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus. The central banks’ easing policy hasn’t been this colossal in nearly two decades as the M1 money supply has touched an all-time high. Also read: Why Central Banks Are Not Designed for Democracies Expect More Easing as Central Banks Continue Fighting the Fires They Started The central banks continue to print enormous amounts of fiat, slash rates, and do what they can to curb the devastating consequences of poor central planning. In 2019, the number of developed central banks bolstering easing policies makes it seem like a large-scale concerted effort. For instance, almost two dozen central banks are playing the roulette table by manipulating the global economy in a number of ways. Initially, when ...