Daily Archives: 3. Januar 2023

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IMF Warns of Impending Economic Recession: Bitcoin’s Role in a Downturn Uncertain

• Kristalina Georgieva, an executive at the IMF, has warned of an impending economic recession, predicting a difficult 2023 for economies across the world.
• China’s economic growth is predicted to fall below other global economies, and the Ukraine-Russia war will have a substantial negative impact on EU’s economic growth.
• 50 percent of the EU is expected to enter a recession this year, but the US is likely to avoid it due to its resilient economy.

The International Monetary Fund (IMF) has warned of an impending economic recession, with Kristalina Georgieva, a top-level executive, predicting a difficult 2023 for economies across the world. In a recent interview, the IMF executive stated that China’s economic growth this year will drop below other global economies, a first in 40 years, with the ongoing Ukraine-Russia war also having a substantial negative impact on EU’s economic growth.

The IMF chief also predicted a tough year for emerging economies, saying that the slowdown in top economies will affect these markets as well. She believes that 2023 will be more challenging than 2022 in all aspects of economic growth, with 50 percent of the EU entering a recession this year. However, the US is likely to remain resilient due to its strong labor market.

The IMF has advised governments to take proactive measures to counter the effects of the impending recession. These measures include fiscal stimulus packages, increased liquidity, and increased lending to small businesses.

The IMF also warned of the potential effects of the recession on cryptocurrency markets, including Bitcoin. While there is no historical data to compare Bitcoin and the crypto market’s performance during a recession, the consequences of the FTX crash are still ravaging the Bitcoin and crypto markets.

It remains to be seen how Bitcoin and other cryptocurrencies will fare in the face of an economic recession. Some investors are hopeful that cryptocurrencies can be used as a hedge against inflation, while others remain skeptical. Only time will tell if Bitcoin can become a real hedge to inflation in the midst of an economic downturn.

VeChain & SYME Unlock Billions In Debt-Free Capital For SMEs With Inventory Monetization Platform

• VeChain and SYME’s Inventory Monetization Platform have completed their first successful transaction.
• The platform is poised to help SMEs unlock massive debt-free capital using their inventory.
• The platform is one of the first “true sale” inventory monetization services, allowing companies to release cash from the value of inventory in warehouses and in transit without debt.

VeChain, a distributed ledger technology (DLT) provider, has recently completed the first transaction on Supply@ME Capital Plc’s (SYME) Inventory Monetization Platform. This revolutionary platform is poised to take over the trillion-dollar inventory monetization market. VeChain’s DLT is playing a key role in helping SMEs unlock massive debt-free capital using their inventory.

SYME’s Inventory Monetisation Platform is one of the first “true sale” inventory monetization services. This term refers to the sale of a receivable in a way that the receivable is protected from claims against the seller’s assets. This is especially useful in the event of insolvency. It also allows companies to release cash from the value of inventory in warehouses and in transit without debt. This is a major benefit for SMEs, as it allows them to access capital in an efficient and secure manner.

The success of the first transaction on SYME’s platform has been well-received by the VeChain community. A tweet shared by VeChain supporter ‚PERE_Mainz‘ noted that the platform already has a steady pipeline of new clients, referring to a LinkedIn post shared by London-based investment management firm Fintech Investor. This is a testament to the potential of the platform and its ability to revolutionize the trillion-dollar inventory monetization market.

Furthermore, VeChain’s DLT continues to make headway into providing supply chain management solutions. With the help of the Inventory Monetisation Platform, companies can digitize their assets and streamline their supply chains, improving efficiency and transparency. This is a key step in advancing the global economy and helping SMEs unlock valuable capital.

In conclusion, VeChain’s DLT and SYME’s Inventory Monetization Platform have successfully completed the first transaction. This platform is poised to take over the trillion-dollar inventory monetization market and help companies unlock massive debt-free capital using their inventory. It is a testament to the potential of the platform and its ability to revolutionize the global economy.

BlackRock and Valkyrie Invest Millions in Bitcoin Space

• BlackRock and Valkyrie Investments have made large investments in Grayscale Bitcoin Trust and Core Scientific, respectively.
• Valkyrie is launching a new fund, Valkyrie Opportunistic Fund, LP, with the aim of capitalizing on GBTC’s discount on the value of its Bitcoin.
• BlackRock has committed $17 million to Core Scientific, as part of a $75 million loan convertible note holders secured by the miners.

Crypto asset manager Valkyrie Investments and BlackRock have both made major investments in Grayscale Bitcoin Trust (GBTC) and Core Scientific, respectively. The former is popular for launching a Bitcoin trust and Bitcoin-related exchange-traded-fund (ETF) in 2021 and currently manages $10 billion in assets. This is compared to Valkyrie’s total assets of $180 million. Despite the difference in asset management, Valkyrie believes it can effectively sponsor and manage GBTC.

Valkyrie also announced that it is launching a new fund, Valkyrie Opportunistic Fund, LP, in order to capitalize on the GBTC’s discount on the value of its Bitcoin. The fund aims to provide GBTC redemptions at net asset value (NAV) for customers, with a fee of 75 basis points as opposed to the 200 basis points.

On the other hand, BlackRock has sought to commit $17 million to Core Scientific. According to the US Securities and Exchange Commission filing, this is part of the $75 million loan convertible note holders secured by the miners.

The investments made by Valkyrie and BlackRock indicate that there is still strong interest in the crypto market. While the current market conditions may be difficult, these investments demonstrate that the Bitcoin ecosystem is still growing and evolving. It remains to be seen how these investments will affect the crypto market in the future, but in the meantime, it is good news for those who are invested in the space.