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Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro landscape. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as a financial advisor
Internet Computer a Two-Day old crypto coin is now Valued at $45b - What You Need to Know!
Early this Monday - May 10,Dfinity has finally debuted ICP coin (Internet Computer) to the public and has already garnered $45 billion USD marketcap with large trade price that already surpasses dogecoin. At the time of posting, ICP coin is ranking in top eight coins in BullsInvest CoinMerketCap, which is a massive accomplishment for the less than a week-old cryptocurrency.
Dfinity Internet Computer Cryptocurrency is one of the top earners for this week, rising up to $45 billion in valuation, only on its 2nd day of release in the cryptomarket.
Talk about a surge in crypto valuation, Dfinity launches its blockchain solutions that aim to rival those that rely on Amazon and Facebook to create their online content that requires the use of servers or the AWS (Amazon Web Services). Dfinity's solution and "Internet Computer" coin is the way to cut costs, says its CEO, and avoid corporations like the big techs.
Dfinity's Internet Computer resembles Ethereum and was initially referred to as ETH 2.0, but the company wants to change this idealism as it aims to move away from the track of the 2nd top-grossing cryptocurrency. While it is hard for new cryptos to make their way into the market, the two-day-old coin is clawing its way up the charts, despite the many competitors present.
Internet Computer is now adding subnet blockchains.— Dominic Williams ∞ (@dominic_w) May 11, 2021
Watch the proposals going through the NNS.
Block rate has reached 8 blocks/shttps://t.co/zfnSopqWon
Dfinity's Internet ComputerAccording to Messari.IO's report, Dfinity has been working on Internet Computer since 2016 but has not yet publicly launched until last Monday, which gave it a surge up in the marketplace. It knocked off Polkadot in the eighth spot and has surpassed the likes of Bitcoin Cash, USD Coin, Ethereum Classic, and SHIBA INU, despite being there longer.
Purpose and History
The main purpose of Dfinity is to introduce a blockchain service for all social media users to enjoy and skip the corporate restrictions with the likes Amazon's AWS and Facebook's services. And while it resembles that of Ethereum's goal, Dfinity aims to make Internet Computer a blockchain of its own, to grow and provide its cryptocurrency to the different internet users.
Currently, Internet Computer (ICP) is at $46 billion in valuation and has a trade price of $366 (as of Tue, May 11) via Coin Market Cap. The cryptocurrency immediately opens up at a massive $300 range and has surpassed that of other cryptos, including Dogecoin.