Venezuelans are dumping the government-issued Petro, a crypto coin backed by a barrel of Oil, for half its value ($30) at peer-to-peer exchanges like LocalBitcoins. [...] The post Venezuela Petro Dumped at a 50% Discount at LocalBitcoins appeared first on Coingape.
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Top Global Banks including BOE, BOJ, ECB and Swiss National Bank launch a commission to asses the potential use cases of a central bank digital [...] The post Global Central Banks Form Commission To Asses Use Of Digital Currency (CBDCs) appeared first on Coingape.
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In two surprising announcements yesterday, the Reserve Bank of India (RBI) not only reported a failure of another payment bank, but also clarified it’s stance [...] The post India Negative on Crypto Ban, while it’s Payments Bank Industry Reports Losses appeared first on Coingape.
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Since hitting $9,200 late last week, Bitcoin (BTC) has paused, with bulls failing to maintain a momentum that brought the cryptocurrency 43% higher in a month’s time at the peak of the recent price surge. As of the time of writing this, the cryptocurrency has retraced 8…
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Quick Take On Tuesday, Signature Bank reported a $1 billion sequential increase in non-interest bearing deposits Although not specifically disclosed, I suspect a large portion of that came from their Digital Asset Banking team
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Tron, the Justin Sun-led smart contracting platform, has the most active users ahead of both EOS and Ethereum. This is according to a summary by [...] The post Tron (TRX), Not Ethereum (ETH), Has the Most Active Users: Report appeared first on Coingape.
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Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Exchange Commission (CFTC), has revealed more details about his recently launched Digital Dollar Project. The post Former CFTC Chair releases first formal remarks about his Digital Dollar Project at Davos appeared first on The Block.
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Speaking at the World Economic Forum in Davos, Switzerland, billionaire investor Ray Dalio said he thinks the US stock market has more room to grow but encourages investors to keep a diversified portfolio in case of a sudden crash. In terms of diversification, he recommends hard assets,…
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The United States Treasury has announced the return of the 20-year bond, as it faces mounting deficits. With more than $23 trillion of debt owed by the U.S., coming up with ways to rake in interest is becoming a much greater portion of the national budget. The…
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After last week’s surge to nearly $9,200 and the following retracement, Bitcoin has been trading mostly in a range between $8,500 and $8,750. Yesterday, it noted a quick dip to $8,480 on Bitstamp and immediately surged back to over $8,700, which is where it currently stands. If…
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