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According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai. Go to Source Powered by WPeMatico
According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology … Read more
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Go to Source Powered by WPeMatico
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in … Read more
More proposals and currency concepts are emerging as Asia ramps up its efforts to distance itself from U.S. dollar hegemony. Go to Source Powered by WPeMatico
A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected. Go to Source Powered by WPeMatico
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the impact of the Silvergate collapse on crypto. Go to Source Powered by WPeMatico
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” Go to Source Powered by WPeMatico
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of … Read more
A 5.5% weekly decline in the total crypto market capitalization might have sucked the wind out of some altcoins, but it has done little to alter traders’ bullish point-of-view. Go to Source Powered by WPeMatico
