McFinance Newsletter

 Hello McFinancers! The latest in financial news: an article about SWIFT helping countries and banks with connecting CBDCs, the rise of meme coins, and the testing of computer-brain interfaces. SWIFT Helping CBDC Interoperability This week, a notable development emerged in the realm of financial technology: SWIFT (Society for Worldwide Interbank Financial Telecommunication) revealed its collaboration with governments and banks to foster interoperability among various Central Bank Digital Currencies (CBDCs). SWIFT's efforts encompass refining both the technological infrastructure and communication protocols while ensuring strict adherence to anti-money laundering laws and sanctions. The surge in interest among bankers in CBDCs can be attributed to the influence of Bitcoin. Recognizing Bitcoin's ability to facilitate near-instantaneous, verified transactions operating round the clock, bankers envision blockchain technology as a catalyst for transformative change within the bankin...

 Hello McFinancers! The latest in financial news: BlackRock has their first tokenized fund with the SEC, Houston starts a government guaranteed-income program, and the recent dip in Bitcoin and the crypto market. BlackRock’s Tokenized Fund In the recent week, BlackRock has taken a significant step forward by filing a request for a tokenized asset fund, specifically designed for the BlackRock USD Institutional Digital Liquidity Fund. This pioneering move sees BlackRock joining forces with Securitize, a leading platform in the blockchain space, to orchestrate and oversee the fund's operations, aimed at integrating tangible assets into the realm of blockchain technology. With an initial starting value of $100,000, this endeavor marks BlackRock's second foray into the realm of crypto-related funds, following their establishment of the Bitcoin ETF. Dubbed BUIDL, the fund is slated to be operational on the Ethereum main network. At present, BUIDL boasts a maximum supply of 50,000,000...

 Hello McFinancers! We hope that everyone has finished adjusting to the time change in the US due to daylight savings. The latest in financial news: The release of the year over year CPI numbers were released this week, Ethereum has completed its Dencun update, and Metamask is working with Mastercard to test on-chain cards. Changes In The CPI In the past week, the US Bureau of Labor Statistics (BLS) unveiled the latest CPI (Consumer Price Index) figures at 3.2%. This surpassed analysts' expectations, who had forecasted 3.1%. However, Truflation, an independent research firm, presents a contrasting perspective, asserting that the US CPI stands at 1.99%. Notably, Truflation offers a daily CPI update, whereas the BLS calculates and releases its data monthly. The US CPI serves as a pivotal gauge of inflation for both investors and governmental bodies, providing insights into market fluctuations. Given the Federal Reserve's diligent monitoring of inflation trends, potential adjustme...

 Hello McFinancers! The latest in financial news: President Biden had given his State of the Union address this week and we wanted to cover some major parts from his address. While there are multiple topics that President Biden referred to in his speech, we want to focus on three main parts: Global conflicts, Economic Improvement, and the Government deficit. You can watch the actual address here if you would like. Global Conflict Throughout his address, President Biden addressed various international conflicts, shedding light on the ongoing war in Ukraine and the necessary equipment needed to defend against Russian aggression. He also touched upon the conflict between Israel and Hamas in the Gaza Strip, highlighting the resulting humanitarian crisis. Additionally, the President emphasized the competitive landscape between the United States and China, positioning the US as the primary contender in this global rivalry. The conflict in Ukraine, which began with Russia's invasion in F...

Hello McFinancers! Today we wanted to take a special look at crypto with the massive rise in Bitcoin over the past week. So this week, we are dedicating our news to some hot topics regarding Bitcoin. The latest in financial news: JPMorgan analyst says that Bitcoin halving will have positive effects on Bitcoin mining companies, Bitcoin miners block the US government attempt to monitor energy usage for miners, and a surprise on a massive owner of Bitcoin is revealed. JPMorgan Analyst Look To Bitcoin Mining Companies Roughly every four years, Bitcoin undergoes a halving event, resulting in a 50% reduction in the amount of newly minted Bitcoin. This April marks the latest halving, diminishing Bitcoin production from 900 to 450 Bitcoin per day. As renowned economists suggest, this decrease in supply typically triggers a surge in prices. In the past week, analysts from JPMorgan, led by Nikolaos Panigirtzoglou, have asserted their belief that the upcoming halving will drive an increase in the...