Hey, Your Crypto Newsletter for July 30, 2021

[FeedBinary Newsletter]( You Might Like         [Learn more about RevenueStripe...](   [SIX REASONS TO WITHDRAW YOUR BITCOIN FROM EXCHANGES](   #1 – If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want. You will understand this if you’ve ever wanted to move your bitcoin from an exchange and you were blocked because you needed to provide more identification documents or prove your source of income. You may have been blocked because you reached a 24-hour limit of value you are permitted to withdraw. Your funds may have been unavailable due to unscheduled system maintenance. It is your bitcoin and yet you are in a powerless position. Bitcoin doesn’t actually care who you are or how much you are transacting. You can move 100,000 bitcoin and you’ll be free to do that without any resistance any time of the day, even on Christmas Eve, if the bitcoin was in your possession. [Read More](   Recommended products [Finding a Job in today's economy can be difficult. WantaNewCareer.com provides real-time access to thousands of online jobs]( [Users can signup for this easy one page email submit and get a prepaid visa gift card for Bed Bath & Beyond.](   [The digital currency wars are coming and China is firing the first salvo]( Digital yuan is really about geopolitical dominance, the first move in what will surely be a high-stakes, cut-throat competition with the West This month, U.S. lawmakers warned their athletes attending the 2022 Beijing Winter Olympics: do not use China’s new digital currency, or risk being “tracked and traced.” That elicited a response from an aggressive Chinese spokesman, Zhao Lijian — a flack who so egregiously violates his industry’s rule of not becoming the story that the New York Times Magazine once spent 9,000 words profiling him. U.S. lawmakers should “stop making troubles” and “figure out what a digital currency really is,” Zhao said. That little dustup is amusing, for there is truth to both sides. Yes, China’s central bank digital currency should be cause for concern for the United States. And yes, those U.S. lawmakers should also learn more about the issue. Maybe China will track a week or two of spending for a couple hundred athletes — who cares? That situation would, of course, be bad. But focusing on it misses the bigger picture: the digital yuan is really about geopolitical dominance, the first move in what will surely be a high-stakes, cut-throat competition between the powers. To unpack that, we have to talk about the current state of the world, the so-called liberal international order and Western hegemony. It is upheld increasingly not just by the mailed fist of military might but also the gilded glove of the greenback. [Read More](   [Why a cryptocurrency index is an oxymoron](   It is difficult, if not impossible, to bring transparency into cryptocurrencies by way of indices. It is even more difficult for investors to truly understand the risks which come with investing in an index of cryptocurrencies  Crypto coins Cryptocurrencies have been in vogue lately. While proponents are ‘holding on for dear life’ through the downturn, naysayers proclaim this to be the beginning of the end. The regulators do not know any better. On the one hand, China, Japan, Canada, and the United Kingdom have banned Binance (the largest cryptocurrency exchange), and on the other, we have El Salvador approving Bitcoin as legal tender. Believe it or not, we even have indices and derivatives on cryptocurrency now. The S&P Dow Jones recently became the first major index provider to launch a family of cryptocurrency indices. In the words of Peter Roffman, their innovation head, “We look forward to further expanding our new family of Digital Market Indices and bringing much needed transparency to this exciting market”. This sounds like a noble endeavour. But, a cryptocurrency index is an oxymoron. [Read More]( You Might Like         [Learn more about RevenueStripe...]( Connect with FeedBinary on social media You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 [Unsubscribe](