Search Results for "ec"
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High
Bloomberg predicted in its recent report that Bitcoin’s price in 2020 could reach double of last year’s high of $14,000. It further suggested that adoption is the primary Bitcoin metric, and Bloomberg takes a positive outlook on this end. Bitcoin’s price has seen a 60% decline in 2014, and at the end of 2016, Bitcoin matched the peak in 2013. If Bitcoin chooses to follow the same trend as 2016, with a 75% decline in 2018, Bitcoin is headed towards $20,000, according to Bloomberg.
Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency
Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.
Dogecoin Becomes the 8th Largest Cryptocurrency After a Tremendous 313% Weekly Gain
Dogecoin has skyrocketed to the 8th spot on the crypto market after a tremendous 313% weekly gain.
Long-Term Bitcoin Holders Unfazed by Recent SEC Accusations Against Binance and Coinbase
Data provided by Glassnode reveals that the percentage of Bitcoin supply sent to trading platforms by long-term holders accounts for a mere 0.004% of the total. This figure underscores the significant inactivity of long-term Bitcoin holders amid intensifying market pressures, demonstrating an apparent indifference to the regulatory accusations faced by leading cryptocurrency exchanges, Binance and Coinbase.
FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings
FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with the proposed sales procedure designed to ensure maximum value from the claim amidst Genesis's ongoing legal and financial challenges.
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow
The Federal Reserve is accelerating towards digital payments technology as the COVID-19 pandemic has highlighted the need to provide faster methods of relief. The United States central bank has announced the development of its own platform—FedNow.
Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar
The Federal Reserve Bank is involved in a large-scale research and development regarding digital dollar, says Chairman Jerome Powell.
Switzerland’s New Regulations for Blockchain And DLT Trading Facilities Usher In A New Era Of Clearer And Lighter Regulatory Regimes
A short article piece submitted by Christoph Besmer, Trade Commissioner, Investment Promotion Switzerland.
NHL Partners with Sweet for Digital Collectibles NFTs Marketplace
NHL is looking to invest in NFTs to boost the sports league's growth. The NTF marketplace is expected this upcoming season.
$136M Inflow into Crypto Assets, Bitcoin Remains Preferred Choice
In the latest update from CoinShares, digital asset investment products have seen a significant inflow of $136 million in the past week. This surge marks the third consecutive week of inflows, totaling $470 million, effectively offsetting the outflows observed in the preceding nine weeks.