Weekly Crypto news July 16th 2022
MammyCrypto
Hello, it is time for another weekly crypto news where we peak at the latest and most relevant headlines. Overall the crypto markets have been consolidating, or better moving sideways and waiting on their perfect moment to pump, bounce or dump. Consequently, we are all feeling a bit lost. The lack of future perspective is truly detrimental to the global economic scenario, and we all have this strange feeling that the worst is still to come. Reading the news is one good way to maintain informed and get a glimpse of the direction we are heading.
Are we in a recession? That's the most popular question lingering in the mainstream news. Talks about increasing interest rates, and an exorbitant inflation rate in the USA are part of our daily lives now. And nobody knows what would be the safest place to put your money in. Looks like everything is crashing simultaneously. No safe place, no safe bet. Well, that sure looks like a recession to me.
What I noticed is that the general population here in America is changing behaviors. Americans are finally concerned about their debt and are looking into saving and truly changing their behaviors to accommodate this glimpse of living in a third-world economy.
It has been 25 years I have been living in the USA and it is the first time I see lines being formed on the low-priced gas stations. Yep, the struggle is real here and we are feeling in ours pockets, and in the fact that this summer we cannot afford airline tickets to their favorite destination spots. Imagine what is actually happening in the 3rd world countries that currency devaluated at an exponential rate? The struggle is very real and a good percentage of people are hungry and looking for alternatives to survive simply.
I sure hope one day we, the people, can overcome these policy problems, and I find bitcoin and blockchain technology to be one of the greatest instruments we have to get there. Let's work together for a better future and until then let's keep ourselves informed so we can together make decisions aimed to make this world a better place.
Sunday July 10th, 2022: US dominates crypto ATMs installations and BTC hash rate worldwide - https://cointelegraph.com/news/us-dominates-crypto-atms-installations-and-btc-hash-rate-worldwide
Monday July 11th, 2022: GameStop goes live with public beta of NFT marketplace - https://www.theblock.co/post/156986/gamestop-goes-live-with-public-beta-of-nft-marketplace
Tuesday July 12th, 2022: Bank of Indonesia: Crypto Could Strengthen the Global Financial System but There’s a Catch - https://cryptopotato.com/bank-of-indonesia-crypto-could-strengthen-the-global-financial-system-but-theres-a-catch/
Wednesday July 13th 2022: Brazilian Congress Postpones Crypto Bill Vote Until After October Presidentia Elections - https://www.coindesk.com/business/2022/07/06/three-execs-leave-jpmorgan-this-week-to-join-crypto-firms/
Thursday July 14th 2022: Celsius Bankruptcy Filing Shows $1.2 Billion Hole in Its Balance Sheet - https://decrypt.co/105136/celsius-bankruptcy-filing-1-2-billion-hole
Friday July 15th 2022: Bitcoin is now in its longest-ever 'extreme fear' period - https://cointelegraph.com/news/bitcoin-is-now-in-its-longest-ever-extreme-fear-period
Saturday July 16th 2022: Enjoy your Saturday.
All my best Michelle M
Social Media links: https://cointr.ee/mammycrypto
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