A few altcoins are looking strong. Is it a good time to buy or is this only a dead cat bounce? Let’s study the charts. Apple CEO Tim Cook said that he is not comfortable with private companies creating their own cryptocurrencies. Therefore, he ruled out plans of Apple releasing its own currency token. Though […]
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Crypto markets failed to continue new recovery trend as 19 out of the top 20 cryptos by market cap are seeing losses. Thursday, Oct. 3 — Crypto markets have again failed to continue their recovery as almost all the top 20 coins by market cap are seeing significant losses. Market visualization. Source: Coin360 After climbing to highs […]
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Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable. As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — […]
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Senior members of the House Financial Services Committee asked the Federal Reserve whether there are plans for launching a U.S. dollar digital currency. Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to […]
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Facebook CEO Mark Zuckerberg outlined the firm’s approach to regulators regarding Libra in newly leaked audio from an internal Q&A session held in July. Newly leaked audio from Q&A sessions between Facebook’s CEO and employees revealed Facebook’s early strategy for Libra launch. One month after releasing Libra’s white paper On Oct. 1, tech news agency […]
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When asked by th U.S. Fed about Libra, some of the nation’s biggest banks say Facebook’s token will reduce their payment volumes. Facebook’s crypto project Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council (FAC). U.S. banks fear Libra will reduce payment volumes After the United States […]
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Is the Fed’s use of QE a growth catalyst for Bitcoin? Max Keiser tells Cointelegraph: “Bitcoin was introduced to battle zombie banks and QE.” In 2018, the executive on the board for the European Central Bank (ECB) declared Bitcoin, “the evil spawn of the financial crisis” — referring, of course, to the economic disaster 10 […]
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Wyoming Blockchain Coalition president Caitlin Long argues that the recent unrest in the money markets shows that Bitcoin is systemically more stable than traditional finance. Wyoming Blockchain Coalition president Caitlin Long has responded to the recent unrest in the money markets by analyzing the systemic fragility of the traditional financial sector as compared with Bitcoin […]
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An ex-Fed official says it makes no sense to end U.S. dollar dominance by replacing it with a digital currency, such as Facebook’s Libra coin. Ex-United States Federal Reserve official Simon Potter stated that the plan to end the U.S. dollar’s dominance by replacing it with a digital currency makes no sense. Central banks unlikely […]
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Bitcoin is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn. Bitcoin (BTC) is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn. As of press time, Bitcoin is circling the $8,400 mark […]
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