Central Bank

There’s More To Bitcoin’s Rally Than Just Inflation Fears

Source Node: https://medium.com/the-capital/theres-more-to-bitcoin-s-rally-than-just-inflation-fears-418c7b168753?source=rss-------8-----------------cryptocurrency
Time Stamp: August 1, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.Neil Johnston was a creature of habit, and it was one of the things which his wife of twenty-four years Dorothy, both loved and loathed about him. While Dorothy appreciated Neil’s dependability, she was wondering if things were getting a little stale.So naturally Dorothy grew a little worried when Neil, who would walk through the door almost like clockwork at 7 pm every evening for

Is Bitcoin Becoming A Safe Haven After All?

Source Node: https://medium.com/@thecryptoconsultant/is-bitcoin-becoming-a-safe-haven-after-all-1be6a61f1175?source=rss-------8-----------------cryptocurrency
Time Stamp: April 9, 2020 3:27 AM - Modified On: May 21, 2021 - Published By:
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Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Dutch Brokerage Platform Launches Crypto Trading Across Europe

Source Node: https://cointelegraph.com/news/dutch-brokerage-platform-launches-crypto-trading-across-europe
Time Stamp: April 8, 2020 10:15 AM - Modified On: May 21, 2021 - Published By:
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In response to the growing demand for cryptocurrency trading, Dutch retail brokerage platform BUX launched its commission-free cryptocurrency trading platform BUX Crypto.In a statement published April 8, the company announced that BUX Crypto is now available across 25 European countries.BUX stated that its new offering aims to bring new traders into cryptocurrency markets by simplifying the crypto trading process. BUX CEO and founder Nick Bortot said:“We see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple and affordable for

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

Source Node: https://coinfomania.com/deutsche-bank-bitcoin-center-of-all-currencies/?utm_source=rss&utm_medium=rss&utm_campaign=deutsche-bank-bitcoin-center-of-all-currencies
Time Stamp: April 7, 2020 8:44 AM - Modified On: May 21, 2021 - Published By:
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As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Source Node: https://cointelegraph.com/news/most-of-chinas-dlt-firms-that-closed-in-2019-were-scams-or-poorly-planned
Time Stamp: April 6, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research.Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws.Short-lived companiesThe report found over 70 blockchain projects that shut their doors last year. Among them over 70% of the projects reportedly did not survive their first year and 30% did not last 6 months. The research reads:“A considerable number of which were

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-6-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 6, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies.The sharp selloff on March 12 was a good example of panic and the sharp correction was quickly followed by a phase of cherry-picking by long-term investors. Since bottoming out on March 13, most major cryptocurrencies have rebounded

Bank of Korea Launches Experimental Trial for National Cryptocurrency

Source Node: https://coinfomania.com/bank-of-korea-experimenting-cryptocurrency/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-korea-experimenting-cryptocurrency
Time Stamp: April 6, 2020 5:15 AM - Modified On: May 21, 2021 - Published By:
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The central bank of South Korea has announced the launch of its Central Bank Digital Currency (CBDC) pilot project to determine the requirements of issuing a government-backed cryptocurrency in the future.  According to a report by Yonhap today, the trial which commenced last month is a 22-month program focused on the technological and legal provisions needed to launch a CBDC. The Bank of Korea (BoK) believes the possibility of issuing a CBDC in the future is slim because of the increased demand for fiat currencies, the competitive nature of the global

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