US Treasury doubts bitcoin and bets on a digital dollar(bitcoin treasure)
The Secretary of the Treasury of the United States, Janet Yellen, assured that bitcoin continues not to be established as a payment method and she considers it as "an extremely inefficient way to carry out transactions."
This, after the cryptocurrency soared in the past weeks and has been adopted by companies like
Tesla for certain operations; After the dizzying rise, bitcoin now suffers a sharp decline.
In a virtual event held by The New York Times on Monday, Yellen considered that "the amount of energy that is consumed when processing transactions" with bitcoins is "staggering."
"I don't think bitcoin is a widely used transaction mechanism," Yellen said in the virtual interview.
However, Yellen was in favor of continuing to explore the possibility of a “digital dollar”,
maintained by the Federal Reserve and based on blockchain technology like the rest of cryptocurrencies.
In the opinion of the former president of the Federal Reserve, a digital dollar could be
"faster, safer and cheaper to make payments", but there are conditions that must be resolved beforehand.
Yellen said that doubts should be resolved about the impact it would have on the banking system, since it could lead to the outflow of deposits from traditional banks to the Federal
Reserve and perhaps the most appropriate thing is that the central bank is only a wholesaler of this type of digital payment method.
He also recalled that it is necessary to resolve questions about the stability of the financia system and how this new cryptocurrency issued by the US government would affect the fight against money laundering and capital evasion.
The price of bitcoin fell below $ 49,000 on Tuesday, losing more than 12%, after Tesla founder
Elon Musk, turned into an online guru in matters of cryptocurrencies and other types of favorite assets, over the weekend, say that it was overrated.
So far this year, bitcoin has exceeded the $ 58,000 barrier and has appreciated more than 80% thanks, among other things, to the fact that Tesla decided to invest in it. https://bitcointreasure.co
The Bitcoin Treasure is an automatic buying and selling software program run with the aid of using sensible robots that may stumble on an growth or fall in cryptocurrency fees to assist customers purchase reasonably-priced and promote while the rate appreciates.We have been attracted with the aid of using theBitcoin Treasuredue to the fact it's far the maximum famous product amongst comparable options.
We found that hundreds of customers have already signed up and feature energetic accounts.
TheBitcoin Treasureis likewise to be had to customers from everywhere in the international who're making income day by day.It is simple to characteristic its recognition to the convenience at which customers can research and observe the nice techniques to earn greater with the Bitcoin Treasure.We have been additionally inspired with the precise algorithms that may become aware of and are expecting capability traits withinside the cryptocurrency marketplace.Bitcoin Treasuremay be additionally utilized by cryptocurrency traders who need to change complete time with the automatic or guide buying and selling options.
We found that the software program may want to thoroughly control masses of trades and whole transactions quickly.
From our experience, the common time it takes to finish a transaction is quicker than the marketplace with the aid of using 0.1 seconds.
This is a bonus we leveraged and made income on our preliminary funding of $250.
The Rover C4 from OKM is a versatile and easy-to-use treasure detector via touchscreen.
The Rover C4 combines all the positive features of the previous Rover series (Rover C, Rover C II & Rover Gold).
The Rover C4 detects lost treasures such as coins, rings, jewellery, etc.
as well as cavity structures such as tunnels, caves, tombs, chambers, etc.
With the innovative LED Orbit, underground objects are displayed visually.
The display of located objects and cavities during the scanning process takes place via colored light from the circularly arranged LED.
