Exchanges outdo auctions for governments cashing in criminal crypto, says exec
Governments are increasingly liquidating crypto assets seized in criminal investigations. Go to Source Powered by WPeMatico
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Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of … Read more
Binance exchange partner Simplex rolls out Tether to euro offramp
Over 200 firms in Simplex’s network can enable euro cashouts from Tether. Go to Source Powered by WPeMatico
Will they or won’t they? Central banks eye each other’s digital currency moves
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Go to Source Powered by WPeMatico
ConSensys collaborates with Banque de France digital euro partner
Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space. Go to Source Powered by WPeMatico
Stablecoins race ahead: Fiat-backed crypto booming amid uncertainty
Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market? Go to Source Powered by WPeMatico
Blockchain firm Monerium thinks Europe ‘already has’ a digital euro
The ECB should grant e-money issuers access to central bank reserves, says Monerium. Go to Source Powered by WPeMatico
European Central Bank seeks public input on digital euro
A digital euro would not replace cash, but complement it, says the European Central Bank. Go to Source Powered by WPeMatico
Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the … Read more
At least 3 nations to replace their currency with CBDC by 2030: report
The digital yuan will not unseat the U.S. dollar — at least not right away. Go to Source Powered by WPeMatico
