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8 Altcoins set to EXPLODE HUGE NEWS Best Crypto to Trade amp Invest?

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8 Altcoins set to EXPLODE (HUGE NEWS)! Best Crypto to Trade & Invest?

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8 Altcoins set to EXPLODE (HUGE NEWS)! Best Crypto to Trade & Invest?

The altcoin space is about to get out of control. Here are my top 8 altcoins making huge news for accomplishing huge Milestones, pay very close attention to all eight coins in this list. If you like, crypto, give this video a like comment: what coins we should include on a list like this in the future without further Ado, Aptos is a layer 1 blockchain that uses key elements from Facebook's former blockchain DM launched in October 2022, with a mission to Redefine the web3 user experience today, Aptos is landing some of crypto's biggest strategic Partnerships.

Mastercard, the future of identity is web 3 and Aptos is partnering with MasterCard to make that future a reality with MasterCard's crypto credentials, program, and on-chain identity and verification framework, with a variety of applications in payments, remittances, ticketing, and NFTs as a master card credentials. Partner Aptos will support the infrastructure for identity security, trust, and verification tools that enable the free flow of funds between individuals and across borders.

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So this program kicks off with remittances between the United States, Latin American countries, and Caribbean countries. In addition, Aptos is partnering with the likes of Google, exciting news, Aptos and Google are back at it again this time with Google's web3 startup program. This collaboration will provide startups with the support and resources needed to develop the infrastructure Bridge platforms and Foster the future of Web 3.

The Google Cloud web3 startup program gives Web 3 startups The Tech Community and the resources they need to explore serious Innovation over reliable infrastructure, enabling the evolution of dapp's web retooling services and more at scale. Aptos is on a mission to bring Web 3 to the masses, and this program is a major step toward that goal.

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For more on this Google partnership, let's hear from the co-founder of Aptos himself Aptos is a layer, one blockchain. It's been designed with evolution in mind. Allows you to support all the use cases of web3 to build applications seamlessly when we think about Aptos and how it's positioned in the market as a network. We want it to be a network that stands the test of time. Its infrastructure and infrastructure need to be reliable, it needs to be scalable and it needs to continue to evolve.

I see the Aptos and Google Cloud partnership, giving users and developers infrastructure that allows them to build easily with things like big query developers, and the ecosystem feels very confident. Google Cloud can help us go to market faster in three ways. The first is developer tooling. The second is ecosystem funding and support, and the third is continuing to support the network growth and providing continuous infrastructure and reliability.

Two industries that are really well positioned to take advantage of Web 3 and aptos's network, our gaming and social media gaming experiences continue to push the boundaries to share experiences with people in multiplayer environments across the world, and now you can share digital assets with those players.

altcoins

Gamers, don't want their experience to be disrupted. You need a network that works really well, it has fast throughput, it has extremely low latency and it has infrastructure. That's completely reliable. Google Cloud and Aptos together can provide that. What we're excited about at Aptos is to help bridge these different platforms connecting people together.

That's the original vision of the Internet. Aptos wants to remain a network that can help bring that Vision to life and we're excited to partner with Google Cloud to make that a reality. You might think you know Cardano. I do think you know this Cardano makes our list today because they have a huge development Milestone coming up, it's called Aiken, it's a new programming language. This will take Cardano's capabilities to the next level by orders of magnitude.

I don't think the broader crypto ecosystem truly understands what's about to happen to Cardano over the next few months. Cardano'S core Tech has always been great, but the major limiting factor has been the developer experience. Those shackles are now about to be completely removed, buckle up a new programming language, that's not Haskell. What's all this about to help answer your questions, let me play you a short clip from a fellow YouTuber and crypto educator. Red spark he's more technically minded.

He breaks down what this new Cardano update is all about. Give him a like give him a follow. He puts out great crypto content, Aiken called Dano the Cardinal-specific language written to make smart contract development a lot easier. Now, for those of you who aren't familiar with Akin, it's a new programming language that was developed as it became obvious that programming in Haskell wasn't quite right. The good thing about Aiken is that it takes inspiration from a lot of other well-known languages and really tries to get the best of every world into one package.

Now, if you like this person and thought Cardano's, smart contracts had to be written in Haskell. While this is a common misconception, the current Cardinal node implementation does indeed happen to be written in her school Cardona uses something called a uplc okay. This is what's actually used by Cardinal smart contracts. Haskell simply just compiles down to uplc Haskell compiles into uplc and you can have other languages compiled into uplc. Ublc does not need Haskell, okay, so that's why we're able to have a language such as Aiken?

altcoins

It's just another way of writing code in a language, and then the compiler will take that code and compile it down into uplc, and I've seen some interesting benchmarks with Akin and these other languages that are popping up whereby they actually compile down into much smaller.

A more efficient file than the official Haskell-based Plutus language, which I thought was quite interesting algorand, is an altcoin that if you subscribe to us, you certainly understand the basics of algorand. By now today, I want to highlight a travel app-oriented project building on Algorand, which shares the three reasons why they chose Al Grant to build on instead of Ethereum from Cointelegraph reporter Rachel Wolfson's podcast.

Why? You guys chose to build on top of Algorand, which is a blockchain network, which is a wonderful blockchain network instead of using something like Ethereum, for instance, mainly because of three reasons.

The first one is the performance. They do have an extremely good performance. The Sigma one is the cost we travel has a very lower Martians. We really needed a network that had really low costs. So that's another reason why we have chosen the algorithm and the third one is that algorithm is a carbon-neutral chain and especially in the travel industry, but we believe that that's extremely important avax makes our list today.

They've been firing on all cylinders for a while. Now we've been keeping you updated on a vax for a while now, yet the price of the token is still disconnected down five percent. Yet over the last 90 days, daily, active users have up Revenue up core development up, do not sleep on polygon.

If you watched our video from just the other day, you understand why a polygon is going to be such a big deal. Their Google partnership accelerates the adoption of core polygon protocols using Google's infrastructure and tools, transforming the blockchain landscape forever, again check out this video.

If you want to learn more about injective protocol, making great strides injective protocol is a decentralized exchange that offers cross-chain margin, Trading derivatives, and Forex Futures Trading. The injective protocol is built on Cosmos blockchain as a layer 2 app.

The protocol uses cross-chain Bridges which allow traders to access cryptocurrencies from other platforms such as Ethereum polka, dot, and Binance, and as I said throughout this bear Market they've been making great strides most recently in just a few days. The injective ecosystem witnessed integration with seller Network Bona Fida deployment, testnet, and smart contracts. Integration with a polka dot project asked our Network and Polka dot assets.

Protocol Talus beginning to create the first nft marketplace with injective unmatched progress, as always by the way make sure you subscribe to our channel daily videos. Just like this keeping you informed on the entire cryptocurrency Market, if you're interested in making money in cryptocurrency subscribe to our channel's daily videos, are you bullish on the altcoin Phantom? I am because a phantom crypto bank is coming. The block bite boys explain this. This has to be very exciting, for all Phantom holders is Phantom opening a crypto bank.

So I hit up Andre this morning and said: hey. Can you tell me more about this and his response to me was if you're asking whether or not Phantom has obtained a banking license and is launching a crypto-friendly Bank. The answer is yes that is happening. So here's what I was given that I can share with you is that it is a crypto-friendly bank. It's going to not really be a retail-facing bank, it's a little way out.

It's probably like a year out like hey. This is actually something that's happening. They've been building this out very quietly for quite some time, very, very intelligent move on behalf of Phantom.

I know no details behind a sort of the setup of the bank itself, but like what an interesting move on behalf of the Phantom Foundation, given all the Regulatory and banking shutdowns we've seen over the last month and a half again, I want to hear from you comment Your thoughts below, let's have a conversation in the comments section. What coin would you add or subtract to today's list?

Make sure you get your tickets to Bitcoin Miami Conference this month. May we will be there using code altcoin daily for 10 off your tickets? Our final pick in today's video is ICP internet computer protocol. Let me know if you want me to do a deeper dive into ICP crypto in the future. It is different from a lot of other blockchains.

Even Mark Cuban recognizes this Warren Buffett. Has this a great thing? First are the innovators then there are the imitators, then there are the idiots did you know Mark Cuban mentions this? One blockchain in particular is different than others. They're all there, all Forks of each other.

altcoins

There's not a lot of innovation. There yeah, you can talk about some of them. You know, maybe the ITP likes to think that they're a lot different in some ways. They are the chains, no, that there is no room for a hundred different blockchains. There is no room for 20 different, horizontal blockchains.

if you want to look at vertical applications that are specific to you know, maybe ICP and others that have specific ways of doing things that have applications that are better suited for those changes. Okay, maybe the total number will grow.

As found on YouTube

Tim Moseley

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DeFi Needs More Than Synthetic High-Yield Products

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DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi

The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.

By Daniel Kuhn

AccessTimeIconApr 28, 2023 at 2:33 p.m. MST

Updated Apr 28, 2023 at 2:54 p.m. MST

NEAR on What's Next for Web3, Protocol Village, Austin, Texas, USA - 28 Apr 2023

Haseeb Qureshi of Dragonfly at Consensus 2023 (Shutterstock/CoinDesk)

 

Haseeb Qureshi is a managing partner of Dragonfly Capital, a well-watched crypto venture firm, and the moderator of one of crypto’s best podcasts, “The Chopping Block.” Both are roles he takes on with equanimity and poise. In the aftermath of the Terra fiasco, Qureshi wrote one of the most lucid articles about why the blockchain collapsed. Following FTX, he corralled his podcasting partners – including his Dragonfly colleague Thomas Schmidt, Gauntlet’s Tarun Chitra and Compound creator Robert Leshner – into doing a series of informative episodes on the fall of FTX. And as a VC, Qureshi has keen foresight but is afflicted with the same problem all humans share: an inability to foreknow.

This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here.

 

Still, when it comes to understanding the current moment in crypto he’s more or less unmatched. Or, at the very least, he’s not afraid to be a little contrarian. At Consensus 2023, for instance, Qureshi argued that CertiK, an auditing firm with a less-than-stellar reputation, was making a mistake by offering to reimburse victims of Merlin, a decentralized finance (DeFi) protocol Certik had recently audited. “This is explicitly insurance,” Qureshi said, arguing that if this move is repeated it would push premiums for audits without necessarily improving their accuracy because firms would expect to have to make payouts. CoinDesk caught up with Qureshi to talk about the state of crypto venture capital, the regulatory environment and why Ponzi schemes will always collapse.

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Read full coverage of Consensus 2023 here.

How has your investment thesis changed in a non-ZIRP [zero interest-rate policy] environment?

The biggest change has been the demand for [decentralized finance]-sourced yield. This was a big theme of what made DeFi attractive in a ZIRP environment. Now the appetite for risk has totally changed, so in order to gain traction with consumers, you have to do more than just create synthetic high-yield products.

You've said in the past that one of crypto's particular selling points is permissionless innovation. Are there emerging trends that have developed this past year that you didn’t see coming.

Nope, I predicted everything perfectly. I also knew you would ask this question.

Don’t you have a hot take on the Cosmos ecosystem?

The Cosmos community is an army of generals. A community founded on the basis of radical independence from other chains is, unsurprisingly, unable to agree on stuff.

Following FTX there have been numerous calls to rethink crypto's market structure. Are there ways to redesign centralized exchanges (like separating trading from custody or adding a centralized clearing house) that you'd support?

 

Separating trading from custody is the obvious one. Prime brokers like Hidden Road and FalconX are already facilitating this. Post-FTX (and post the Binance Commodity Futures Trading Commission suit), institutional players are no longer comfortable facing risky exchanges directly and taking on counterparty risk. In that regard, we'll see the same disaggregation of financial layers that you see in [traditional finance].

See also: Mike Belshe – The SEC's Custody Rule Would Be a Net Positive for Crypto | Opinion

Do you believe that VCs should be subject to similar lockup periods on token stakes as they currently are on equity stakes?

To be clear, equity stakes are not necessarily locked up. There's nothing that generally stops a company from selling its equity via a secondary transaction (unless the board specifically prohibits such sales). The thing that usually stops them is the reputational damage of doing so. The same is true of tokens. But yes, in general we push for long lockups when we make investments, both for investors and for the team.

In 100 years, will there be more or fewer monies?

Fewer.

Is it better to be able to do what you want or feel compelled to do what you must?

It is better to feel compelled to do what you must. It doesn't feel as good, but it leads to a life better lived.

Are there ways of designing crypto systems that have network effects without "Ponzi-like" attributes?

 

Ponzi schemes don't have network effects (they are not networks). They don't even have economies of scale – that is, they don't get easier to sustain the bigger they get. It's the reverse – the bigger they get, the harder they are to sustain. That's why Ponzi schemes that are small can survive for a while, but the bigger they get, the more likely they are to pop.

Do you think mass automation will finally cause U.S. productivity to increase/time spent working to shrink for most people? Bonus: any thoughts on why the past century-plus of techno progress has not increased leisure time?

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I think it will cause productivity to increase, but I think it will lead to very unequal effects on time spent working. Poorer people will work less, wealthier people will work about the same I would guess, because wealthy people tend to like their jobs more.I think the way we are measuring increased leisure time is not well-measured. We do a lot more leisure at work now than we did in the past. It's difficult to quantify one for one.

Tim Moseley

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Gold Price News: Gold Set for Monthly Gain as Attention Turns to Rate Decisions

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Gold Price News: Gold Set for Monthly Gain as Attention Turns to Rate Decisions

Gold continues to trade just below $2,000 an ounce with the precious metal set to record a second monthly gain on the back of investors’ rush to safe havens earlier in the month.

While gold may have dipped slightly from the highs achieved earlier in April, there remains plenty of support for the haven asset while market confidence is still so fragile. A broadly positive set of corporate earnings has failed to have a detrimental impact on the gold price – illustrating investors’ medium-term concerns about the health of the global economy and the banking sector.

As we look ahead to May, next week’s Federal Reserve interest rate decision on Wednesday followed by the European Central Bank on Thursday is likely to set the early tone for gold. While both banks are expected to increase their rates by 25 basis points, the commentary that supports these moves will have a significant impact on how long gold can remain at these elevated levels.

After a strong run in March and April, gold investors will be hoping that next week’s hikes, particularly that of the Fed, are close to the final ones in this current cycle of increasing interest rates. If that does prove to be the case, then gold has sufficient support to keep it trading in the high $1,900s for the foreseeable future while hints of further hikes needed may push it back down towards $1,900.

Rupert is a Market Analyst for Kinesis Money, responsible for updating the community with insights and analysis on the gold and silver markets. He brings with him a breadth of experience in writing about energy and commodities having worked as an oil markets reporter and then precious metals reporter during the seven years he worked at Bloomberg News.

As well as market analysis, Rupert writes longer-form thought leadership pieces on topics ranging from carbon markets, the growth of renewable energy and the challenges of avoiding greenwash while investing sustainably.

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.

Time to Buy Gold and Silver

Tim Moseley

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Google Cloud to optimize Polygon zkEVM scaling performance

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Google Cloud to optimize Polygon zkEVM scaling performance

 Apr 28, 2023

Google Cloud to optimize Polygon zkEVM scaling performance

 

Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum scaling protocol’s tools and infrastructure.

Polygon’s core protocols, including Polygon proof-of-stake (PoS), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s framework and developer tools. The partnership is aimed at simplifying developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon.

Google Cloud’s partnership with the ecosystem is expected to advance Polygon’s zero-knowledge development. Testing of Polygon zkEVM’s zero-knowledge proofs on Google Cloud reportedly resulted in faster and cheaper transactions compared to the existing infrastructure available.

The Polygon zkEVM beta, an Ethereum Virtual Machine (EVM) scaling solution, was launched to mainnet in March 2023, powering reduced transaction costs and increased throughput of smart contract deployments.

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Related: Polygon’s ‘holy grail’ Ethereum-scaling zkEVM beta hits mainnet

Google Cloud’s Blockchain Node Engine will be used by the Polygon ecosystem to assist with time-intensive processes and costly overheads of acquiring, maintaining and operating dedicated blockchain nodes. This specific integration intends to remove the need for Polygon developers to configure and run Polygon PoS nodes.

Polygon Labs president Ryan Wyatt highlighted the wide variety of benefits to the protocol’s ecosystem through the partnership in a statement coinciding with the rollout of the collaboration:

“Today’s announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi.”

Google Cloud’s APAC managing director of engineering and Web3 go-to-market, Mitesh Agarwal, said its services are improving data availability, resilience and performance of scaling protocols like ZK-proofs.

The partnership will also provide capital resources to Polygon ecosystem developers and companies building Web3 products and DApps. Certain early-stage Polygon Ventures-backed startups will also be able to receive newly launched Web3-specific benefits from the Google for Startups Cloud Program.

Google Cloud’s startup accelerator program now supports 11 major blockchain firms. Meanwhile, blockchain analytics firm Nansen also announced that its data services would be available to projects in Google Cloud’s Web3 startup program.

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable

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Tim Moseley

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Gold a bit weaker following downbeat US GDP data

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Gold a bit weaker following downbeat U.S. GDP data

Gold prices are modestly down in midday U.S. trading Thursday, in the aftermath of a major U.S. economic report that was weaker than expected and falls into the camp of those expecting a U.S. economic recession. Such a scenario would likely mean less consumer and commercial demand for metals. June gold was last down $3.40 at $1,992.80 and May silver was up $0.009 at $24.885.

First-quarter U.S. GDP growth came in lower than expected at up 1.1%, year on year, compared to expectations for a rise of 2.0%. The closely watched PCE price index of the GDP data came in hot at up 4.2%; it was expected to be up 3.7%, year-on-year, versus a rise of 3.9% in the fourth quarter. The hotter PCE number falls into the camp of the U.S. monetary policy hawks, who want the Federal Reserve to keep interest rates higher for longer, to choke off problematic inflation.

Global stock markets were mostly higher overnight. U.S. stock indexes are solidly higher at midday. Risk appetite is better Thursday, but by no means robust, following the big drop in share price of First Republic Bank earlier this week. Also, the specter of a U.S. economic recession is moving closer to the front burner of the marketplace. It could be that the growing U.S. government debt burden and congressional wrangling regarding what to do about it are also crimping investor enthusiasm. Reads a Wall Street Journal headline today: "Banking turmoil is tip of debt iceberg."

  Gold consolidates but remains on a 'golden cross path' higher – NDR's Tim Hayes

The key outside markets today see the U.S. dollar index firmer. Nymex crude oil prices are up and trading around $74.75 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching around 3.5%.

Technically, June gold futures bulls have the firm overall near-term technical advantage. However, a six-week-old uptrend on the daily bar chart has stalled out. Bulls' next upside price objective is to produce a close above solid resistance at the April high of $2,063.40. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the April low of $1,965.90. First resistance is seen at this week's high of $2,020.20 and then at $2,028.00. First support is seen at last week's low of $1,980.90 and then at $1,965.90. Wyckoff's Market Rating: 7.0

]

May silver futures bulls have the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at the April high of $26.235. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at this week's high of $25.435 and then at $25.71. Next support is seen at this week's low of $24.53 and then at $24.25. Wyckoff's Market Rating: 7.0.

May N.Y. copper closed up 115 points at 386.50 cents today. Prices closed nearer the session high and hit a nearly four-month low early on today. The copper bulls and bears are on a level overall near-term technical playing field. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 410.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 360.00 cents. First resistance is seen at 390.00 cents and then at Tuesday's high of 397.00 cents. First support is seen at today's low of 380.50 cents and then at 377.50 cents. Wyckoff's Market Rating: 5.0.

By

Jim Wyckoff

For Kitco News

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Tim Moseley

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Gold weaker as US Treasury yields up-tick

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Gold weaker as U.S. Treasury yields up-tick

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) – Gold prices are modestly down and silver near steady in midday U.S. dealings Wednesday. The precious metals markets are seeing buying interest limited by a rise in U.S. Treasury yields at mid-week. However, losses in metals are being limited by a weaker U.S. dollar index today. June gold was last down $7.20 at $1,997.30 and May silver was up $0.003 at $24.89.

Traders at mid-week are buzzing about First Republic Bank's quarterly earnings report on Tuesday that was worse than expected, including a huge outflow of deposits. Reports said the bank's conference call on its earnings was very brief, with no questions taken from reporters. That prompted a nearly 50% drop in the bank's share price Tuesday, including trading in the stock being halted for a while. Reports today said the U.S. government is not going to step in an assist the ailing bank.

Meantime, U.S. and/or global recession fears appear to be moving back toward the front burner of the marketplace. Diesel fuel prices in the U.S. have plunged in recent months and are about half of what they were one year ago. Such suggests a slowdown in the commercial transportation sector that could be a signal of a slowing U.S. economy. United Parcel Service (UPS) on Tuesday issued a downbeat corporate earnings report, saying “macro conditions” would likely continue to pressure its delivery volume. The metals markets appear to be taking a bearish lean from this situation, on notions of less consumer and commercial demand if the global economy weakens.

Global stock markets were mixed to weaker overnight. U.S. stock indexes are mixed at midday. Focus of stock traders this week is on the release of quarterly corporate earnings reports. So far, they have been mixed.

  QE isn't over and will drive gold to $3,000 and Bitcoin to $100,000 in the next decade – Crossborder Capital

In overnight news, Sweden's central bank raised its main interest rate by 0.5%, saying inflation is still far too high.

The key outside markets today see the U.S. dollar index lower. Nymex crude oil prices are weaker and trading around $76.75 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.695%.

Technically, June gold futures bulls still have the firm overall near-term technical advantage. However, a six-week-old uptrend on the daily bar chart has stalled out. Bulls' next upside price objective is to produce a close above solid resistance at the April high of $2,063.40. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the April low of $1,965.90. First resistance is seen at today's high of $2,020.20 and then at $2,028.00. First support is seen at last week's low of $1,980.90 and then at $1,965.90. Wyckoff's Market Rating: 7.0

May silver futures bulls have the overall near-term technical advantage. However, a six-week-old uptrend on the daily bar chart has been negated, which is one early clue that a market top is in place. Silver bulls' next upside price objective is closing prices above solid technical resistance at the April high of $26.235. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at this week's high of $25.435 and then at $25.71. Next support is seen at this week's low of $24.53 and then at $24.25. Wyckoff's Market Rating: 7.0.

May N.Y. copper closed up 105 points at 385.85 cents today. Prices closed nearer the session low today. The copper bulls and bears are on a level overall near-term technical playing field. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 410.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the March low of 382.20 cents. First resistance is seen at 390.00 cents and then at Tuesday's high of 397.00 cents. First support is seen at this week's low of 383.00 cents and then at 382.20 cents. Wyckoff's Market Rating: 5.0.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Can A Loving God Send People To Hell?

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The world is living on borrowed time, it’s given by God for His purpose.  

Judgement God Images – Browse 2,684 Stock Photos, Vectors, and Video | Adobe Stock

2 Peter 3:9

“The Lord is not slack concerning His promise, as some count slackness, but is longsuffering toward us, not willing that any should perish but that all should come to repentance.”

The world has fallen into darkness, it has abandoned God and instead follows the doctrines of demons and worships idols.  The darkness has become so blatant that men now resemble the days of Noah, evil and wicked, which leads to death and destruction!  They twist the truth to their own wicked desires as they turn good into bad and bad into good.  This is where we are my friends, in a world turned upside down and inside out!

There is no other reason for God to not now judge the world and pour out His wrath, other than Him waiting for more people to come to repentance and accept Him as their Lord and Savior.

The world deserves God’s wrath, it deserves what it strives for, peace with God or friendship with the world and its system, the latter of which is enmity with God!

James 4:4

“Adulterers and adulteresses! Do you not know that friendship with the world is enmity with God? Whoever therefore wants to be a friend of the world makes himself an enemy of God.”  

The time is very close my friends, very close to God’s wrath being poured out upon an evil and wicked world.  We are living on borrowed time!  

The world systems are an illusion, a false reality, a twisted copy of what God Himself has created.  At some point in time all of it will come tumbling down, like a house of cards that it truly is!  Evil, corruption, and perversion!!!

Listen to the Lord, do not be conformed to this world, but be transformed by the renewing of your mind through Christ Jesus!

Romans 12:2

“And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.”

The day of God’s wrath is coming soon.

Revelation 6:17

“For the great day of His wrath has come, and who is able to stand?”

The day of the Lord comes quickly as a thief in the night!  

1 Thessalonians 5:2

“For you yourselves know perfectly that the day of the Lord so comes as a thief in the night.”

The world scoffs at those that warn of God’s coming judgment.

2 Peter 3:3-5

‘knowing this first: that scoffers will come in the last days, walking according to their own lusts, 4 and saying, “Where is the promise of His coming? For since the fathers fell asleep, all things continue as they were from the beginning of creation.” ‘

Yes, all things continue as they have from the beginning, just as they did in the days of Noah when the great flood came and took them all away!  So shall it be at the time of the beginning of the Tribulation period, mocking, scoffing, and living life as they always have, not heeding God’s warnings!

Today is the day of salvation, you might not have another tomorrow!

2 Corinthians 6:2

‘For He says:

“In an acceptable time I have heard you,
And in the day of salvation I have helped you.”

Behold, now is the accepted time; behold, now is the day of salvation.’

Sinner's Prayer

God bless my friends!  Maranatha!  Looking up!!!

Tim Moseley

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Gold consolidates but remains on a ‘golden cross path’ higher – NDR’s Tim Hayes

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Gold consolidates but remains on a 'golden cross path' higher – NDR's Tim Hayes

The gold market could continue to consolidate around $2,000 an ounce as the Federal Reserve prepares to raise interest rates one last time and then hold the line until inflation is under control, according to one analyst.

However, even this new holding pattern doesn't dimmish gold's potential. In a recent interview with Kitco News, Tim Hayes, chief global investment strategist at Ned Davis Research, said the trend in gold is clearly higher. He noted that in his Gold Watch report, nine of the 16 indicators he watches are flashing bullish signals.

Hayes' bullish outlook for gold comes as prices continue to trade on either side of $2,000. June gold futures last traded at $2008.20 an ounce, up 0.42% on the day. Hayes explained that the gold market benefits from solid tailwinds as commodity prices remain elevated and bond yields and the U.S. dollar continue to struggle.

"If we see continuing signs of the economy slowing, and the bond market continues to anticipate that the Federal is going to hold interest rates, then yields are going come down and that would help gold break out and regain its momentum," he said.

According to the CME FedWatch Tool, markets see an 80% chance that the Federal Reserve will raise interest rates one last time by 25 basis points next week. At the same time, markets are pricing in a potential rate cut after the summer.

Although market expectations of a rate cut this year might be premature, Hayes said that just the Fed holding interest rates should be enough to support gold as other tailwinds drive the precious metal.

Along with real and nominal yields, Hayes said that gold investors must keep an eye on the U.S. dollar. While the Federal Reserve appears to be on the cusp of ending its tightening cycle, the Bank of England and the European Central Bank are ramping up their rate hikes.

Hayes said the narrowing divergence in global monetary policy will continue to hurt the U.S. dollar and support gold prices.

"As long as the dollar is under downward pressure, that will be solid support for gold," he said.

  Gold remains well positioned to protect investors from further market turmoil – MarketVector's Yang

As for how long gold's current consolidation phase could last, Hayes said prices have a long way to go before the uptrend is significantly damaged.

Looking at gold's technical picture, Hayes said its bullish uptrend was confirmed in January when the 50-day moving average moved above its 200-day moving average, creating a "golden cross pattern."

At roughly around the same time, the U.S. dollar saw its 50-day moving average fall below its 200-day, forming a "death cross."

"We are nowhere near testing gold's 50-day moving average, but that has to start rolling over to signal that the uptrend has finished," he said. "I think what is probably more like is that we're pausing at these record levels, consolidating and maybe the market kind of works off some of the optimism and then the trend continues – gold's on a solid golden cross."

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Info from Thursday’s GDP and Friday’s PCE report will guide investors

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Info from Thursday’s GDP and Friday’s PCE report will guide investors

This week will contain two exceedingly important government reports on the US economy. These two reports will be exceedingly important in guiding the final decision of the Federal Reserve at the FOMC meeting next week.

Beginning on Thursday the Bureau of Economic Analysis (BEA) will release the Gross Domestic Product first quarter report. An average of the current forecasts is predicting that the first quarter GDP for 2023 will come in at 1.8%. If correct, this would indicate that the economy continues to contract from the 2.6% GDP that was reported in the fourth quarter of last year.

According to Saxo.com, “The advance reading of the US real GDP growth, scheduled to release on Thursday, is expected, according to Bloomberg’s survey of economists, to slow to 2% Q/Q annualized in Q1, down from 2.6% in Q4 last year. Despite inventory drawdown potentially dragging GDP growth, personal consumption is expected to come in strong at 4% Q/Q annualized and be the key driving force to sustain GDP growth in Q1.”

This will be followed by Friday’s Personal Consumption Expenditures (PCE) index, the preferred measure of inflation and wage growth used by the Federal Reserve. Economists polled by Bloomberg are predicting a moderate forecast for the core PCE to show an increase of inflation by 0.3% MoM and 4.5% YoY.

According to the same report by Saxo, “As rent-related components have a smaller weight in the core PCE measures than in the core CPI calculation, the core PCE may not benefit as much as the CPI counterpart from the recent weaknesses in rents. Investors will monitor closely the core service excluding housing sub-index in the PCE report to gauge the underlying consumer inflation trend in the U.S. Meanwhile, the headline PCE deflator growth is expected to slow to 0.1% M/M and 4.1% Y/Y in March from 0.3% M/M and 5.0% Y/Y in February.”

These upcoming reports and their forecasts have led investors to devalue the US dollar which in turn has added strength to gold prices. However, gold futures remain just under $2000 per ounce at the time of this writing.

As of 5:00 PM EST, gold futures basis most active June contract is up $8.10 or 0.41% and fixed at $1998.60. Gains witnessed in gold futures today have an exacting negative correlation to dollar weakness. Currently, the dollar is down 0.45% with the dollar index currently fixed at 101.095. Gold futures have traded to a higher low and a lower high than Friday’s strong price decline. On Friday of last week, gold futures broke below a critical technical and psychological price level of $2000 per ounce. As gold held above $2000 speculators and traders believed there was a strong possibility that gold would challenge the record of $2088 per ounce. Reciprocally, moves below that key technical level garnered speculation of gold prices dropping.

According to the CME’s FedWatch tool, there is almost a certainty (91.4%) that the Federal Reserve will end next week’s meeting with the announcement of a ¼% rate hike. Also, there is a 67.9% probability that the Fed’s terminal target rate will remain between 5% and 5 ¼% with the Federal Reserve not raising rates at the June 2023 FOMC meeting.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

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From CBDCs to Cryptocurrency Regulations: G-7 Plans to Promote Financial Inclusion and Investor Protection

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From CBDCs to Cryptocurrency Regulations: G-7 Plans to Promote Financial Inclusion and Investor Protection.

A closer assessment of the global events on cryptocurrencies today shows a trend toward more regulation and maturity. Many countries see the potential advantages of blockchain technology across many industries. The regulatory environment surrounding cryptocurrencies and blockchain technology is continuously changing as those sectors of the economy continue to develop and find widespread use.

The Group of Seven (G-7) meeting this year will be presided over by Japan to prioritize cryptocurrency regulations. Politicians perceive a greater need to control crypto assets in light of the bankruptcy of the cryptocurrency exchange FTX last year. Although different nations have differing opinions on regulating cryptocurrency, Masato Kanda, Japan's Vice Minister of Finance for International Affairs, told Reuters that the overall consensus is to control the market.

Also, to help developing nations introduce central bank digital currencies (CBDC) following necessary international standards and define G-7's public policy guidelines for retail CBDC. Talks will focus on these issues. Retail CBDCs, instead of wholesale CBDCs are created for institutional uses such as moving money between banks. According to Kanda, the other area of concentration would be on the debt vulnerabilities of middle-income nations like the Gambia, Ghana, Ethiopia, and Sri Lanka.

Kanda noted that while the quick development of digital technology has its benefits, it has also given rise to new issues like cyber-security, the spread of false information, social and political divisions, and the potential for instability in the financial markets.

Brief History of the Group of Seven (G-7)

The group first came together informally in Paris in the early 1970s when leaders from the United States, United Kingdom, France, West Germany, and Japan gathered to discuss the recession and oil problem of the time. The French President Valéry Giscard d'Estaing was then encouraged to invite the presidents of those nations and Italy to Rambouillet in 1975 for additional discussions on world oil, this time with the country's leaders joining the finance ministers, an attendance list that has persisted for several years. Canada was sent an invitation to join the group the following year.

The host of the G-7 summit, also known as the presidency, rotates annually among member countries in the following order: France, United States, United Kingdom, Germany, Japan, Italy, and Canada.

G7's Expansion to G-8

The G-7 had reacted as the world economy changed, particularly when the Soviet Union announced that it would hold its first direct presidential election and commit to building an economy with more open markets. President Boris Yeltsin organized meetings with the G-7 member nations after a G-7 summit in Naples, Italy, in 1994. These conversations became known as the P-8 (Political 8).

An official Group of Eight, or G-8, was established in 1998 when Russia joined the G-7 as a full member at the encouragement of world leaders, particularly U.S. President Bill Clinton. The G-8 ultimately had a brief existence. 

Russia was expelled from the organization in 2014 due to the annexation of Crimea and the unrest in Ukraine. Russia has yet to receive a G-7 invitation as of this writing.


Image Sourced @ Council on Foreign Relations

G-7 Aims to Assist Developing Nations With the Establishment of CBDCs

The Group of Seven (G-7) announced its commitment to promoting financial inclusion for developing nations by using central bank digital currencies. This move comes as a response to the COVID-19 pandemic, highlighting the need for greater access to financial services.

The G7 has recognized the potential of CBDCs to increase financial inclusion and reduce poverty in developing nations. By providing access to digital financial services, CBDCs can help people currently excluded from the traditional financial system, such as those living in remote areas or without access to banking services.

Moreover, CBDCs can facilitate cross-border transactions and reduce remittance costs. This is particularly relevant for developing nations, where remittances play a significant economic role. In 2020, remittances to low- and middle-income countries reached a record high of $540 billion, according to the World Bank.

The G-7's commitment to promoting CBDCs for financial inclusion is a significant step towards a more inclusive and sustainable global financial system. However, there are challenges to overcome, such as ensuring that CBDCs are accessible to everyone, including those without internet or digital devices, and that people will accept it as a means of exchange. From the look of things, most people may want to transact with Bitcoin and not the CBDC, which keeps them under the government's radar.

Moreover, the G-7 must work with developing nations to ensure CBDCs align with their specific needs and priorities. This requires collaboration and dialogue between the G-7 and developing countries and the involvement of the private sector and other stakeholders.


Image Sourced @ Coingeek.com

G-7 Meeting to Focus on Investor Protection

The leaders will advocate stronger laws to safeguard investors and more openness for cryptocurrency firms. Before meeting later this year in Japan, they intend to progress rules to achieve their goals.

Following the collapse of the TerraUSD stablecoin in early May of last year, the G-7 advocated additional and stricter regulations, according to the report published by Reuters. Japan is one of the G-7 nations with stricter cryptocurrency legislation, while the European Union will implement its Markets in Crypto-Assets (MiCA) law in 2024. The primary goal of the MiCA is to protect consumers and investors from the growing risks of digital assets while improving financial stability within the entire crypto market.

The United Kingdom is progressively establishing its crypto framework, introducing a dedicated category for cryptocurrency holdings on tax forms and ongoing preparations for a digital pound. The Congress of the United States is considering various measures. While we wait, the securities watchdog has taken enforcement action against businesses they claim have broken the law on securities. 

Many crypto enterprises have moved from the United States to Singapore, the United Kingdom, Dubai, and the EU due to what crypto industry participants perceive as lacking commitment to establishing clear regulations for crypto businesses in the States.

Recommendations on controlling, monitoring, and overseeing the markets for crypto assets, stablecoins, and related activities are expected to be presented by July and September. But it still needs to be apparent what the outcome would be.

Some time ago, the IMF urged nations to remove cryptocurrencies' legal currency status in an action plan on crypto assets published in February. It is commonly known that the IMF opposes using cryptocurrencies as legal tender, especially in light of El Salvador's adoption of Bitcoin as its official currency in September 2021.

However, the group has been pushing nations to embrace stricter crypto regulations while also developing an open-source infrastructure for central banks to connect their digital currencies and facilitate international trade.

FASB To Act on Travel Rule

The G-7 leaders’ meeting with the Financial Accounting Standards Board means they could impose rules on the international crypto movement. The leaders work in close relations with the FASB to handle stability risks associated with crypto assets.

They asked the FASB to advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers intending to hold crypto-assets, including stablecoins, to the same standards as the rest of the financial system.

The G-7 leaders demand further action concerning the travel rule for cryptocurrency assets. Delegates to the Financial Action Task Force plenary in Paris recently resolved to put revised guidelines for the Travel Rule into effect. These standards will enforce the "transmission of originator and beneficiary information" for cryptocurrency.

The virtual asset legislation implemented in 2019 was followed by these stricter enforcement criteria. This rule at the time included a requirement to gather information regarding the origin and destination of transfers of virtual assets.


Image sourced @ CoinDesk.tv

In line with all the fights against cryptocurrency, one cannot help but think whether the G-7's crypto regulation is a weaponized tool against people's Freedom or whether they are acting in their best interest. Decisions made about the issuance of CBDC will undoubtedly impact our financial system and society as a whole. Stakeholders are essential since an isolated decision-making process would certainly be detrimental.

Therefore, the Freedom of stakeholders should be in consideration in the regulation process to ensure that the inclusivity in payments infrastructure and finance that crypto and blockchain technology take satisfaction in contributing to is preserved. If at all, the G-7 should indeed be acting in the people's best interest.

The influence of CBDCs on nations' economies is extensive and varied. CBDCs may undermine conventional banking practices, but they also give banks much more room to innovate and expand financial inclusion. The adoption of CBDC calls for a transparent legislative environment, financial investment in digital infrastructure, and strong security precautions. Nations will need to adapt and change to compete in a world that is becoming increasingly digital as CBDCs gain popularity throughout the globe.

 

 

About: Prince Ibenne. (Nigeria) Rapid and sustainable human growth is my passion, and getting a life-changing opportunity into the hands of people is my calling. Empowering entrepreneurs provides me with enormous gratification. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

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The Artist that came out of the Winter