Once the new currency is issued, it will be classified as M0 (cash issued by the central bank). Everything indicates that the government refines details, but there is no official launch date yet. The digital yuan will meet all the requirements to be accepted as legal money and will have all the functions of China’s [...]
Ruchir Sharma believes that next year the inflation of the dollar will be noticed. For Sharma, the next few years will be better valued stocks that preserve their value. Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin [...]
Bitcoin does not perform the functions of the currency well, according to the French central bank. The so-called stablecoins and CBDCs are also addressed in the study. The central bank of France states in its most recent newsletter, dedicated to means of payment, that Bitcoin has not fulfilled its initial proposal to “replace legal currencies.” [...]
The company was accused of selling securities-based swaps without proper authorization. Despite moving its operations outside the US, the contracts were offered from San Francisco. The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced this Monday two fines of $150,000 each against the Abra platform. Regulators determined that [...]
Key facts: Payoneer blocked funds affiliated with “Prepaid Mastercard” cards issued by Wirecard. The event reminds us of the typical phrase of bitcoiners “Not your keys not your money”. Freelancers are constantly concerned about their money and it is understandable, with cases like the one that just happened with Wirecard and Payoneer. What could be [...]
Key facts: Wunderbit Trading is integrated to various trading platforms such as: Binance, FTX and ByBit. Wunderbit Exchange allows buy and sell trades with Bitcoin and Ethereum with credit cards and Skrill. The Wunderbit Trading platform is a product of Wunderbit, a Fintech company established and regulated in Estonia. This company makes cryptocurrency trading an [...]
PayPal included blockchain in the Strategic Technology Enabling office. According to anonymous sources, PayPal will offer cryptocurrency trading in the short term. The company PayPal Inc. is looking for an engineer for its blockchain research group, which is part of the Strategic Technology Enabling office. This search coincides with the rumors that this company is [...]
Authorities trace the theft and laundering of cryptocurrencies related to North Korea. The OXT firm performs an analysis of the transactions involved and reveals the laundering methods. A new report delves into the methods used by hackers affiliated with North Korea to launder stolen cryptocurrencies from their victims, primarily from crypto exchanges. Based on the [...]
Tether dominates among stablecoins in terms of bitcoin trading volume. Coinbase remains the leading cryptocurrency exchange for bitcoin in terms of trading volume. On June 2 Coin Metrics released a report explaining various relevant facts about bitcoin market volumes. Given the growing institutional interest in bitcoin, Coin Metrics decided to study the subject from the [...]
Key facts: The hash rate reduction after halving has congested Bitcoin for the past few days. On Wednesday May 20 there was a -6% adjustment to the mining difficulty in Bitcoin One of the first consequences of the third halving in the history of Bitcoin, which occurred just over a week ago, has been the [...]