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Crypto 100x Investment -crypto100x.net

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At Crypto 100x Investment we have a team of professional investment managers using time-tested financial market investment strategies. Our investment philosophy is based on preservation of investors’ capital and a high level of current income. Investing with Crypto 100x Investment is a great opportunity to protect and to raise your capital.

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US Treasury Secretary Yellen says it has not been decided whether the Fed should issue digital currency

US Treasury Secretary Janet Yellen says she has not decided whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also significant costs.”

Janet Yellen hasn’t decided whether the Fed should develop a digital dollar

Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that no opinion has been formed on whether the Federal Reserve should create a digital dollar.

She explained that the decision would require a broad consensus between Congress, the central bank and the White House. The Secretary of the Treasury believes that more study is needed on the advantages and disadvantages of having a central bank digital currency (CBDC) in the US, including its effects on the banking system. Yellen opined:

I see pros and cons in doing this. And my own opinion is not based on that.

According to the Atlantic Council’s Center for Geoeconomics, 87 countries (representing more than 90% of global GDP) are exploring a CBDC.

Federal Reserve Governor Lael Brainard has urged the Fed to urgently develop a digital dollar. She said in July that she cannot understand why the United States is not actively developing a digital currency for the central bank when China and other countries are. Brainard is President Joe Biden’s nominee for the position of Vice Chairman of the Federal Reserve.

Yellen, who was the 15th chairman of the Federal Reserve from 2014 to 2018, said the US central bank is expected to release a report detailing his work on a CBDC soon. She added that the Fed understands that consensus is needed to proceed.

However, the Treasury secretary said the question of whether the Fed should develop a digital currency for the central bank was not discussed “seriously” at the White House, explaining:

This is an important decision and needs consensus. There are some benefits, but also significant costs ... It can work to disintermediate the banking system. And, you know, we have to figure out the pros and cons. I still don't have a view.

Several Federal Reserve governors fail to see the benefits of the Fed issuing a digital dollar, including Governors Michelle Bowman, Randal Quarles and Christopher Waller. “I remain skeptical that a Federal Reserve CBDC would solve the significant problems facing the US payments system,” Waller said recently.

In September, Federal Reserve Chairman Jerome Powell shared an update on the progress of the digital dollar study. He insisted that the Fed is not behind other countries in the central bank’s digital currency (CBDC).

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Fidelity Canada Launches Cash Bitcoin ETFs and Mutual Funds

Fidelity Canada successfully launched its Bitcoin exchange-traded fund (ETF) as well as the Fidelity Advantage Bitcoin ETF (mutual fund) on December 2, becoming the first of them available in the country. The funds will be listed on the Toronto Stock Exchange (TSX) under the codes FBTC for the Canadian dollar and FBTC.U for the US dollar version.

Fidelity Canada Becomes Largest Asset Manager to Launch Bitcoin ETF

Having had enough of the US Securities and Exchange Commission (SEC) and the agency’s blatant refusal to approve a prominent Bitcoin ETF, Fidelity Investment Inc. migrated to Canada to pursue its ETF plans, and ultimately the business was successful.

In a statement released by the company on Thursday, Fidelity Canada’s senior vice president of products and marketing, Kelly Creelman, expressed the company’s satisfaction even though the Bitcoin ETFs and ETFs began trading on the same day.

Meanwhile, this official launch comes several months after Fidelity officials had a closed-door meeting with the United States Securities and Exchange Commission (SEC), seeking the green light to launch a similar product in the States. -United. However, to date, the SEC has not approved or, as has been seen in some cases, categorically rejected crypto ETFs. The reasons of the SEC mean that these products do not comply with the strict rules of mutual funds.

Meanwhile, also in November, Fidelity Canada was approved by regulators across the country to offer an institutional platform for bitcoin trading and custody.

Now, with over $ 4.2 trillion in assets managed by AUM, Fidelity Investments has perhaps become the largest asset manager to launch a Bitcoin exchange-traded fund (ETF).

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Bank of America sees huge opportunity in metaverse for the entire crypto ecosystem

The Bank of America strategist says the metaverse is a great opportunity where cryptocurrencies will be widely used as currencies. “I really think it’s a great opportunity,” he said.

Bank of America Metaverse Forecast

Bank of America strategist Haim Israel told Insider on Tuesday that the metaverse is a great opportunity for blockchain technology. Moreover, he hopes that the cryptocurrency will become popular.

Israel is the chief research officer at Bank of America and a global strategist. He is also Director of the Global Thematic Research Team at Bank of America Merrill Lynch. He detailed:

I really think this is a great opportunity ... You need the right platforms ... it will definitely be a great opportunity for this whole ecosystem.

The Bank of America strategist predicted that the metaverse is where “we’ll start using cryptocurrencies as currencies,” pointing out that this is where people will finally start to use cryptocurrencies extensively for money. transactions.

However, the research director believes that existing cryptocurrencies are likely to be too volatile for this purpose, hoping that certain types of stable currencies will dominate.

The Metaverse gained a lot of attention in October, when social media giant Facebook changed its name to Meta. Many real estate properties on the Decentraland virtual reality platform were recently sold for $ 2.4 million, and Republic Realm paid $ 4.3 million for a property in the metaverse The Sandbox on Tuesday.

The Bank of America strategist also predicted that traditional payments companies will be much more interested in cryptocurrencies if they are widely used in the metaverse. “I see a lot of collaboration between the two,” he said.

Earlier this month, global investment bank Morgan Stanley said the metaverse is the next big investment topic. Last week, Grayscale Investments released a report indicating that the Metaverse is potentially a $ 1 trillion business opportunity.

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First Bitcoin ETF to pay monthly income in Canada

The target of the Bitcoin Yield ETF employs a derivatives-based hedged call strategy to pay the monthly return to investors.

A bitcoin ETF offering monthly earnings was listed in Canada today.

The Bitcoin Yield ETF target is active on the Toronto Stock Exchange under the symbol BTCY.B.

Objective Investments employs a derivative-based hedged call strategy to pay investors an expected annual return of 8% to 10%.

Canadian investors can now receive monthly bitcoin income through a new exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX), Yahoo Finance reported. The Bitcoin Yield ETF target employs a derivative-based hedged call strategy to pay investors a monthly income.

The fund was created by Purpose Investments, the asset manager that launched the first bitcoin exchange-traded fund (ETF) in North America. The pioneering product launched in February broke records in its opening week after trading $ 80 million in shares in the first hour and $ 200 million in the first day.

The company’s new bitcoin yield offering started trading today on the TSX under the symbol BTCY.B with a handling fee of 1.10%.

Purpose Investments said it could not guarantee the return paid per month due to volatility, but expects an annual return of between eight and 10 percent, according to the report. Income is classified as income in book-entry accounts.

When asked what type of investor the fund would appeal to, Purpose Investments Chief Operating Officer and Product Officer Vlad Tasevski told Yahoo Finance that investors should consider the ETF “if they want to earn income while holding it” as the generator of income. “short-term additional income on an asset that they believe has long-term potential.”

“Given the connection between underlying asset volatility and premiums, cryptocurrency hedged buying strategies offer unique exposure to a single asset class, providing investors with high returns without sacrificing significant price participation.” Tasevski added.