IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s […]
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Traditional finances could be dramatically changed in the near future, and central bank-issued digital currency is the first step. Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along […]
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Bitcoin may be highly volatile, but it offers less systemic risk than assets in legacy markets like stocks, says Scott Melker. Crypto trader Scott Melker says that while stocks and Bitcoin (BTC) have appeared to move in tandem since Black Thursday: “They are not correlated assets”. In a Twitter thread for his 84,000 followers, “The […]
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Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such […]
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The trading range of most major cryptocurrencies has tightened, meaning a sharp directional move could occur within the next few days. Lately, a great deal of attention has been focused on the correlation between Bitcoin and the S&P 500, meaning crypto traders need to keep track of the fundamentals of the equity markets. Global markets […]
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Amid record correlation between Bitcoin and the S&P 500, the IMF has predicted the worst global downturn in almost a century. The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by ‘the great lockdown’ will get much worse before it gets better. With Bitcoin (BTC) experiencing a […]
Continue ReadingThe current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars. Cryptocurrency market daily overview. Source: Coin360 Fed rolls out trillions in loans Data […]
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Saga has listed its SGA token on Celsius network, allowing up to 9.9% interest. Crypto lending platform Celsius Network has listed startup Saga’s SGA stabilized asset, unlocking the potential for token holders to earn interest. “Saga has partnered with leading cryptocurrency interest income platform, Celsius Network,” Saga founder Ido Sadeh Man told Cointelegraph. The collaboration […]
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Tokenization is a prevalent topic in the crypto industry, but where does it currently stand, and what are the tech and regulatory issues it faces? With ongoing talks of Central Bank Digital Currencies and now even a possible digital dollar, tokenization continues to be a hot topic both in the crypto world and in traditional […]
Continue ReadingInternational Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency. In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and […]
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