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Cash is no longer king due to the coronavirus outbreak — CBDCs might become the new medium, as the race to release the first digital currency intensifies Go to Source Powered by WPeMatico
‘The central bank of central banks’ is advocating for the development of CBDCs amid the coronavirus pandemic Go to Source Powered by WPeMatico
Staying home during the coronavirus epidemic reduces the risk of getting infected with the deadly covid-19. The disease, which has already claimed the lives of over 20,000 people globally, spreads through human contact. Food is one of the few basic necessities that can regularly get you out of your house. That’s why food delivery companies … Read more
On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility of receiving fiat currencies as well. Kobayashi’s … Read more
Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded each week, the challenger bank’s decision … Read more
The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders with more than $250 trillion in global … Read more
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline … Read more
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee … Read more
The Eastern Caribbean Central Bank will start issuing its blockchain-powered CBDC later this year, but will it beat China and others to the punch? Go to Source Powered by WPeMatico
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment has led people to question why gold … Read more
