MIT, Boston Fed give digital dollar CBDC a modest test run
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs. Go to Source Powered by WPeMatico
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Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode
The number of Bitcoin addresses holding at least 1,000 BTC has risen in recent weeks. Go to Source Powered by WPeMatico
Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended. Go to Source Powered by WPeMatico
US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report … Read more
US Federal Reserve bank at the helm of CBDC research effort appoints new president
Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank. Go to Source Powered by WPeMatico
Avalanche correction risk rises after AVAX price soars 80% from January lows
Strong network growth underpins AVAX’s recent price gains, but a multi-month technical pattern continues to pose downside risks for the Avalanche token. Go to Source Powered by WPeMatico
Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound
Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom. Go to Source Powered by WPeMatico
Fed and MIT’s CBDC research: Distributed Ledger tech has ‘downsides’
The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform. Go to Source Powered by WPeMatico
Canadian Bitcoin ETF sees its third-biggest daily inflow ever
Purpose Bitcoin ETF attracted over 1,000 BTC in inflows on Tuesday, its third-largest daily inflow since launch. Go to Source Powered by WPeMatico
The US Federal Reserve is making some analysts bullish on Bitcoin again
Recent U.S. economic data could spoil the Fed’s hawkish plans for 2022. Go to Source Powered by WPeMatico