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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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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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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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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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 According to a blog post, the commercial paper holdings have been replaced by U.S. Treasury bills.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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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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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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Rising inflation numbers have been well complemented by rising interest rate announcements by most central banks around the…
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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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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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