BIS Expects COVID-19 Crisis to Boost CBDC Development Worldwide
The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. Go to Source Powered by WPeMatico
Bank for International Settlements Calls CBDCs a Potential ‘Sea Change’
The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19. Go to Source Powered by WPeMatico
Bithumb Exchange to Reportedly File for IPO in South Korea
The South Korean exchange is reportedly looking into a stock market launch despite local regulatory uncertainty. Go to Source Powered by WPeMatico
Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic
Australia’s Securities and Investment Commission says that between March and May, investment scams of all types rose by 20% as compared to the same period in 2019. Go to Source Powered by WPeMatico
Bitcoin Price Dips as Two Mining Pools’ Daily BTC Outflows Hit $68M
HaoBTC and Poolin shift over 7,000 BTC as bullish tendencies appear to fade and BTC/USD falls back to $9,500. Go to Source Powered by WPeMatico
Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged
The number of Bitcoins held on exchanges continues to decline despite growing open interest in the futures markets. Go to Source Powered by WPeMatico
Messari: 1% Allocation From Institutions Could Drive BTC to $50,000
Crypto research firm Messari has estimated that Bitcoin could trade for $50,000 each if institutions allocate a low-single-digit portfolio percentage to BTC. Go to Source Powered by WPeMatico
Ousted Bitmain Co-Founder Offers to Buy $4 Billion in Shares
Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. Go to Source Powered by WPeMatico
CoinMetrics Finds the ‘Coinbase Effect’ is Actually Pretty Lame
CoinMetrics has found that the impact of Coinbase Pro listing announcements is overstated, producing price performances ranging from -1% to +14% over 20 days. Go to Source Powered by WPeMatico
