Cash

People’s Bank of China Continues CBDC Development Talks

Source Node: https://cointelegraph.com/news/peoples-bank-of-china-continues-cbdc-development-talks
Time Stamp: April 5, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the central bank’s achievements with fiat currency, gold, silver, and securities since the end of 2019. Executives analyzed the bank’s present challenges in depth, while acknowledging that their top priority for 2020 is the continued research and development of a CBDC, saying: “The

Bitcoin’s Correlations With Global Financial Assets Soar Amid Coronavirus Crisis

Source Node: https://cointelegraph.com/news/bitcoins-correlations-with-global-financial-assets-soar-amid-coronavirus-crisis
Time Stamp: April 5, 2020 12:59 PM - Modified On: May 21, 2021 - Published By:
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Many investors hold Bitcoin (BTC) as a hedge against the global financial system. However, as the numbers show, Bitcoin has not been spared from the recent COVID-19 financial crisis.This article will analyze the movement of global financial markets and its correlation with Bitcoin during the COVID-19 crisis. We’ll consider the following sources as price measures for the following.The recent crash has really challenged Bitcoin’s claim as “digital gold” and puts its assertion as a financial “safe haven” to the test.Related: Is Bitcoin a Store of Value? Experts on BTC as

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

Source Node: https://medium.com/@viktortachev/the-crypto-lending-industry-a-ticking-time-bomb-rather-than-a-shortcut-to-mainstream-adoption-ec1fafec525a?source=rss-------8-----------------cryptocurrency
Time Stamp: April 5, 2020 9:39 AM - Modified On: May 21, 2021 - Published By:
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In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be

Investors Intensify Their Complaint Against Stock Traders’ Crypto Ponzi Scheme

Source Node: https://insidebitcoins.com/news/investors-intensify-their-complaint-against-stock-traders-crypto-ponzi-scheme/256580
Time Stamp: April 5, 2020 8:45 AM - Modified On: May 21, 2021 - Published By:
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Despite the best efforts of many out there, cryptocurrency investment scams still exist and are running rampant in today’s world. It almost seems like you’ve got one popping up every week.An Age-Old Fraud SchemeAccording to a recent filing with a federal court in Florida, Q3 Investment Recovery Vehicle, a company that represents over 100 investors, has sued a third party company for cheating them out of a deal.As the complaint explains, Q3 I LP was a company that sold itself based on the expertise of its founders. These founders include

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/bis-calls-for-central-bank-digital-currencies-amid-coronavirus-pandemic
Time Stamp: April 5, 2020 12:02 AM - Modified On: May 21, 2021 - Published By:
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The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods.BIS warns of COVID-19 transmission via credit card terminalsThe report notes a significant negative change in consumer attitudes regarding the use of cash in response to the World Health

Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report

Source Node: https://cointelegraph.com/news/retail-bought-37k-bitcoin-price-dip-on-record-76b-volume-report
Time Stamp: April 4, 2020 5:54 PM - Modified On: May 21, 2021 - Published By:
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Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.Cryptocurrency market daily view. Source: Coin360The March 13 market crash that brought the Bitcoin price from $8,000 to a low of $3,800 in 24 hours registered the biggest day for crypto in terms of trading volumes registered at Bitcoin spot markets. On March 13 alone, total daily volumes

Bitcoin Cash Price Prediction: BCH/USD Turns Bullish across $240 Level

Source Node: https://insidebitcoins.com/news/bitcoin-cash-price-prediction-bch-usd-turns-bullish-across-240-level/256563
Time Stamp: April 4, 2020 5:21 PM - Modified On: May 21, 2021 - Published By:
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BCH Price Analysis – April 4The Bitcoin Cash price resumes the uptrend and reclaims the resistance level $240 amid market bullish pressure.BCH/USD MarketKey Levels:Resistance levels: $275, $295, $315Support levels: $190, $170, $150BCHUSD – Daily ChartToday, BCH/USD indicates an upward trend in the ascending channel market, trading above the 9-day and 21-day moving averages. A few days ago, it was revealed that BCH followed a bearish movement but currently the market is planning a volatile move in which Bitcoin Cash may move moderately. Meanwhile, as the daily chart reveals, the BCH

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Source Node: https://cointelegraph.com/news/bitcoin-stays-below-7k-as-tone-vays-predicts-price-breakout-in-april
Time Stamp: April 4, 2020 5:31 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.Cryptocurrency market daily overview. Source: Coin360Vays: I’ll buy BTC at $6,400Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.Bitcoin 1-day price chart. Source: Coin360Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish