ZyCrypto: Russia Turns To Stablecoins In Droves As Sanctions Bite Even Harder
Saturday, 15 October 2022 20:58
Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian banks from the network plays a role in the spike in stablecoin use. A recent study shows that Eastern Europe has recorded the…
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ZyCrypto: RBI Releases Concept Note on Its CBDC, Pilot Project is in the Offing
Saturday, 15 October 2022 21:08
On Friday, the Reserve Bank of India (RBI) released a concept note on the planned launch of CBDC or digital rupee this year. It said a pilot project with specific use cases would be launched without giving a timeline. Indian Finance Minister Nirmala Sitharaman, in the annual…
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ZyCrypto: Massive Volatility Coming For Bitcoin – Here’s Why
Saturday, 15 October 2022 22:24
In a tweet on Sunday, economist and crypto analyst Alex Krüger disclosed that Bitcoin investors should expect massive market volatility as the BVOL index closed below 25. “Every time $BVOL closed below 25, an explosive bitcoin move soon followed,” Krüger tweeted. “Twice up, once down (Nov 2018).”…
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The Block: ‘We end up winning more’: Anchorage boss Mónica sees bank charter as key to weathering crypto winter
Sunday, 16 October 2022 08:00
Crypto startup Anchorage is weathering the bear market without dipping into its $350 million in fresh funding, thanks to its bank charter. The post ‘We end up winning more’: Anchorage boss Mónica sees bank charter as key to weathering crypto winter appeared first on The Block.
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cryptodaily.co.uk: Tether Cuts $30 Billion Of Commercial Paper From Reserves
Friday, 14 October 2022 08:53
The world’s largest stablecoin, Tether, completed a significant milestone today, announcing that it had slashed its commercial paper holdings to zero. According to a blog post, the commercial paper holdings have been replaced by U.S. Treasury bills. The move sees $30 billion of commercial paper removed from…
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Pomp: Bitcoin's Volatility Is Near All-Time Lows
Thursday, 13 October 2022 12:29
Listen now (2 min) | To investors, One of the most surprising data points over the last few weeks has been bitcoin’s stability against the uncertain and chaotic macro backdrop. The asset, which is historically considered highly volatile by legacy investors, has surprised many people. I asked…
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Bitcoin Magazine: Bitcoin Tumbles To $18,100 Following Hot U.S. Inflation Report
Thursday, 13 October 2022 15:08
U.S. core CPI hit a 40-year high in September, while all-items inflation exceeded expectations at 8.2%. Bitcoin fell to $18,100.
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Watcher Guru: US inflation falls to 8.2% in September
Thursday, 13 October 2022 11:42
Rising inflation numbers have been well complemented by rising interest rate announcements by most central banks around the…
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Medium: Blockchain.com Gains Regulatory Approval From Singapore’s Central Bank
Wednesday, 12 October 2022 14:10
Cryptocurrency exchange, Blockchain.com has announced it received regulatory approval from Singapore’s central bank to offer payment…Continue reading on Medium »
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Bitcoin Magazine: How Bitcoin Can Help The 10 Million Unbanked Citizens Of The Philippines
Wednesday, 12 October 2022 13:51
Problems with corruption and the economy in the Philippines are emblematic of much of the developing world. And Bitcoin can help.
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