Bitcoin, Ethereum, DeFi & Global Finance News – August 30th 2020
Every week we cover all the latest Bitcoin, Ethereum, cryptocurrency, finance & economics news from across the global. We’ll help you understand the world of investing & trading Bitcoin, cryptocurrency, stock markets, gold, silver, commodities, bonds, property, currencies & more. We also discuss how central banks have forever changed asset markets.
The world of finance & economics has failed so many people. It now faces serious competition from free market solutions, Bitcoin, Ethereum & top cryptocurrency protocols. The best projects are attempting to build a fairer financial system & more inclusive digital world. We’ll keep you up to date with all the latest Bitcoin, Ethereum, DeFi & cryptocurrency trends.
With record debt & rising inequality, the world is headed for another global financial crisis. Central banks are doing everything they can to prevent another economic collapse. We believe central banks & governments will unleash massive fiscal spending, MMT, QE & negative interest rates in an attempt to drive up asset prices & inflate away debt. We believe Gold, Silver, Bitcoin, Ethereum & cryptocurrency provide a great alternative to the current system that allows you to take control of your own wealth & securely custody your data. #Bitcoin #Ethereum #DeFi

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Timestamps:
0:00 Weekly recap & housekeeping

3:10 Australian Macro News segment
5:25 Super contributions record historic fall
7:05 Australia’s climbing household savings rate
9:20 Defaults in China’s $4.1T corporate bond market could hit record by year-end
10:50 Global challenge for USD’s crown has euro set for more gains
12:40 Chances of a double-dip recession
14:10 Shinzo Abe’s legacy
15:25 Fed Chair Powell’s historic address
18:25 S&P 500, Nasdaq close at records
20:15 U.S. pending home sales top forecasts, at highest since 2005
21:40 S&P 500 energy-sector weight
23:15 Massive surge in risk trading
25:05 Amazon debuts Halo smart health subscription service
26:55 European equities at a 100-year low relative to U.S.
28:05 S&P 500-to-money supply
28:40 Fed is telling you inflation asset under-performance is over
30:10 Gold fever in 2020 means ETFs

33:10 Crypto News segment
33:45 FCA eyes extension of money laundering risk reporting to crypto firms
37:35 DAO & NFT infrastructure
40:20 DeFi craze continues
41:25 FTX buys Blockfolio for $150M
43:55 DWeb projects’ progress: Sharder, Golem, Storj, Filecoin
47:50 Rally continues for yearn.finance (YFI)
50:00 Another 51% attack for Ethereum Classic
51:00 Framework Ventures raises $8M to fund DeFi tech studio
52:00 Uniswap introduces Token Lists
52:55 USDC 2.0 introduces ‘gasless sends’
53:25 ConsenSys buys JPMorgan’s Quorum blockchain
55:00 DCG announces new wholly-owned subsidiary: Foundry

55:45 BTC & gold price analysis

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❗ DISCLAIMER ❗

Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.

Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.