A report from the digital asset manager argues that tariffs and their contribution towards stagflation could favor “scarce commodities,” while trade tensions may put pressure on demand for the U.S. dollar, potentially supporting Bitcoin adoption.
Which is all well and good, but in the short term, continuing volatility saw Bitcoin dip below $79,000 again Thursday, erasing most of its gains from the previous day.
Trump’s Tariff Chaos Might Actually Be Good for Bitcoin, Says Grayscale
Despite the volatility, the current economic uncertainty may be a benefit for Bitcoin’s adoption, says Grayscale.
Jack Dorsey's Block Pays $40M Penalty Over Lackluster Compliance Program
Block, Inc. has agreed to a $40 million settlement with NYDFS for “significant failures” in its anti-money laundering compliance program
Ethereum Developer Virgil Griffith Freed From Jail
Ethereum dev Virgil Griffith has been released from jail. He'd been serving time for giving a blockchain presentation in North Korea.
Major Australian Bank CEO Apologises After Freezing Customer Funds Over Bitcoin Transfer
The CEO of Westpac's apology comes as the Australian government moves to address debanking concerns for individuals.
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💬 Quote of the Day
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“In our view, disruptions to the dollar-centric international trade and financial system could result in more reserve diversification by central banks, including into Bitcoin.”
