The winning candidate’s primary task will be to monitor the latest developments related to electronic money, but also research “the development of a CBDC” The Bank of Canada is looking to hire an economist who has a deep knowledge of financial technology and digital currencies, potentially signaling the latest in a series of steps towards […]
Continue Reading
The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.” October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in […]
Continue Reading
Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally. After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. […]
Continue Reading
Stone Ridge follows MicroStrategy in going big on BTC as a report puts the indirect cost of Coronavirus at $16 trillion. Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its […]
Continue Reading
Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets. A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken. Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the U.S. Dollar […]
Continue Reading
Japan is getting more serious about the digital yen. Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official. Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes that Japan must revise a […]
Continue Reading
In a recent document from the Bank of Japan, the central bank stressed the need for offline availability. The Bank for International Settlements (BIS), in collaboration with a group of seven central banks, published its first joint report into central bank digital currencies on Oct. 9, focusing on the foundational principles and core features of […]
Continue Reading
The report is a major step towards pushing central bank digital currencies forward. With Central Bank Digital Currencies a point of focus across the globe, a number of countries’ banking authorities have jointly produced a document discussing the currency type at length. The Bank for International Settlements told Cointelgraph in a statement that a group […]
Continue Reading
Answers on money printing and rising markets during a pandemic. Over the years, technology has improved by leaps and bounds, therefore making life more cost-effective and efficient. Such technological improvements, however, may not save citizens money as intended, due to inflationary efforts, according to Diginex CEO Richard Byworth. “Technology is just so deflationary on many of […]
Continue Reading
Blockchain and cryptocurrency have great potential to help us, especially in these challenging times of the global coronavirus outbreak. In March 2020, COVID-19 was declared by the World Health Organization to be a pandemic. Just over six months after that declaration, there have been almost 33 million cases of the disease worldwide and nearly 1 […]
Continue Reading