/EIN News/ — Dubai, May 23, 2022 (GLOBE NEWSWIRE) —

It is almost unavoidable not to hear about cryptocurrencies during the day.

As the talks grow, so does the FOMO making people trying to find their way into the crypto world, whether by trading or by creating their own digital asset. The number of new coins is increasing by day, and for ordinary people it may be overwhelming. There are different recommendations, projects, advices and questions in any crypto related conversation.

Which coin is a good investment? Which coin is good to hold? What is the project behind a coin? How to cash out crypto? Is it possible to buy crypto with cash?

Pallapay is the answer to all the aforementioned questions and much more.

Pallapay is the only legal cryptocurrency OTC in Dubai, UAE, providing variety of crypto related services. Operating…

Read more at www.einnews.com

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Money, as we know it, has evolved from its earliest form of clay tablets and precious metals to coins and banknotes and most recently, digital bank balances. So, will crypto become the next progression in the history of money? 

There are reasons to think it won’t. Governments across the world have plenty of motives to want to defend the status quo, which ensures state-backed institutions have a complete monopoly on everything that makes the economy go round – namely printing money. Yet, crypto has several characteristics that have so far prevented governments from keeping a lid on it. 

Crypto promises to put economic control back into the hands of the masses because it is built on an open, global network that doesn’t recognize any…

Read more at financefeeds.com

I’ve been drawing this and similar charts for months now:

I actually think this will come to rest around $15,000 and $20,000 but the bottom could be around and even below $10,000. Bear in mind the low, however horrible it will look on the chart, will only last for perhaps minutes while the equilibrium low will be significantly higher. As I write, bitcoin

BTC
is at $29,300 having earlier hit $25,300 for a few minutes.

Although that certainly looks like a capitulation there is almost certainly a lot more to come, because the driver for this mover is the draining of U.S. liquidity by the Fed and therefore a super rampant dollar crushing all currencies before it, including the euro and U.K. pound. Then there are the forced sellers in the…

Read more at www.forbes.com

Solana is one of the most interesting altcoins in the cryptocurrency space. Its blockchain is considered the fastest among its competitors, and its projects have gained a lot of traction in recent years. Most of this can be attributed to the crypto’s co-founder Anatoly Yakovenko. As of 2022, Anatoly Yakovenko has a net worth of $200 million according to Entrepreneur.com.

Background

Anatoly was born in Ukraine when it was still a part of the Soviet Union. However, his exact birth date is not known. He has a brother who enlisted in the army to serve in Afghanistan.

At the young age of five, he developed a passion for computers. He became obsessed with programming in his youth, having studied C, his first computer language.

Sometime in the 90s, he moved to the United States in hopes of building a successful career in tech. He studied computer science at the University of Illinois at…

Read more at techiegamers.com

As their country’s economic crisis continues to spiral out of control, Afghans are finding themselves forced to resort to increasingly desperate measures just to get enough food for their families. The crisis is driven by the U.S. refusal to release frozen Afghan central bank reserves, a measure that might restore some semblance of normalcy to the economy. Afghan journalist Masood Shnizai rejoins the podcast to discuss the situation in his country.

[Deconstructed theme music.]

Newscaster: The U.N. says acute hunger has spiked around the world with a number of people facing famine, rising by 3 million over the past year. But this year’s spike is largely due to surging food insecurity in Afghanistan, where more than half the population is malnourished. Aid agencies say millions of children could starve to death.

Ryan Grim: This week, Afghanistan got some rare attention in…

Read more at theintercept.com

On Thursday (May 12), legendary American value investor William H. Miller III shared his thoughts about the crypto market during an interview on CNBC.

Miller is the Founder, Chairman, and Chief Investment Officer of investment firm Miller Value Partners, as well as the portfolio manager of firm’s mutual funds “Opportunity Equity” and “Income Strategy”.

Before starting Miller Value Partners, Bill Miller and Ernie Kiehne founded Legg Mason Capital Management, and they worked as portfolio managers of the Legg Mason Capital Management Value Trust from its inception in 1982.

It is important to point out that Miller is not your average fund manager. As CNBC noted back in June 2018, Miller’s 15-year streak (through 2005) of beating the is S&P 500 is still a benchmark no active manager can touch.”

In his “4Q 2020 Market…

Read more at www.cryptoglobe.com

Macro Snapshot — Egypt’s unemployment rate dips to 7.2%; US economic outlook weakens

Read more at www.arabnews.com

Are you struggling to keep up with the ever-evolving crypto universe? Do you find yourself scratching your head trying to understand the mind-boggling technology behind some of these blockchains? Worry not, as we bring you some of the most widely acclaimed podcasts from the crypto space. These will help you keep track of the day-to-day developments in the nascent industry to help you become a more informed investor.

1. The Pomp Podcast

This podcast is lauded on multiple platforms and is well received by business people as well as investors. The 10- to 40-minute-long podcast focuses primarily on Bitcoin, with scattered attention on other blockchains and cryptocurrencies. The host, Anthony Pompliano (Pomp), invites prominent personalities from finance & crypto businesses to engage them in a conversation involving multiple aspects of the crypto world. Some of the featured guests include…

Read more at www.cnbctv18.com

Seen from the presidency in Bangui, the “historic decision” to adopt Bitcoin as an “official currency” undoubtedly represents “a decisive step towards opening up new opportunities” for the CAR, according to an executive document that we managed to consult. Outside the borders of this state, which is one of the six poorest countries on the planet – where the GDP per capita stagnates at $493, well above Burundi’s score ($239), but not too far from Afghanistan ($518) – the reaction is incandescent.

Read more at www.theafricareport.com