Consumers: A Hidden Derogatory Term Unveiled by Bitcoin’s Economic Clarity
The term “consumer” has misappropriated the economic behavior of the population. Bitcoin enables its participants to act rationally.Identity is a topic of interest in 2021. Taking steps beyond the self-esteem efforts in the 1980s, the self-categorization movement efforts now seek to find empowerment in political agendas based on race, subculture, religion, gender, and/or sexual orientation. The aim, whether merited or not, is to “secure the political freedom of a specific constituency marginalized within its larger context,” according to the Stanford Encyclopedia of Philosophy. This....
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The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS....
Whenever a major bank advises its customers to spend less and save more, there is always a hidden meaning behind the message. In the case of HSBC, they intend to make consumers more aware of their spending habits and reduce future debts through the Nudge app. But at the same time, money stored in a savings account allows the bank to generate more profit and puts consumer funds at risk. Bitcoin, on the other hand, gives consumers complete financial freedom and does not allow for anyone to create debts in a traditional sense. HSBC Launches Nudge App To Reduce Consumer Spending. Reading media....
Could bitcoin reinvigorate Canada's creaking payment system? A prestigious Canadian economics institute has released a report suggesting that bitcoin could become a "common currency" and reduce payment costs, if only regulators would provide clarity. It unveiled the report just as the Canadian government declared that bitcoin wasn't legal tender. The Montreal Economic Institute, a Quebec-based non-profit research organisation, said that although bitcoin use is still marginal, "recent developments suggest that this use is bound to increase."Citing CoinDesk, the report suggests that merchant....
Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000 […]
Bitcoin is fighting to reclaim the $90,000 level after a sharp drop earlier today, adding fuel to growing fears of a deeper downtrend. Market sentiment has weakened noticeably, with selling pressure intensifying across spot and derivatives markets. Traders remain cautious as liquidity thins and volatility increases, creating an environment where even minor inflows can trigger outsized price reactions. The recent rejection below $90K highlights the fragility of the current structure and raises questions about whether Bitcoin is entering a more prolonged corrective phase. Related Reading:....