Cryptocurrency Market Recovering After Massive Correction
Following yesterday’s drop, mainstream media naturally began crowing about Bitcoin’s “bubble” having “popped.” Not so fast, says the market. #NEWS Go to Source Powered by WPeMatico
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Bitcoin Not a Threat to Financial Systems, Says US Chief Financial Regulator
In its 152-page report, the FSOC stated that the virtual currencies are only utilized by a very small number of consumers and therefore pose no systemic risk. Go to Source Powered by WPeMatico
What Is the ARC Reserve Currency?
There have been a few attempts to create so-called stablecoins, which are usually currencies pegged to either fiat currencies or other tangible assets. The ARC Reserve Currency is an asset-backed digital stablecoin. All proceeds from the issuance of these coins will be allocated to fixed income investments. A stable-priced cryptocurrency isn’t necessarily appealing to investors, but it … Read more
UAE and Saudi Arabia Collaborate on Central Bank Digital Currency Research
We have seen several central banks contemplate issuing their own digital currencies. So far, none of these projects have actually come to fruition. A new partnership between the UAE and Saudi Arabia’s central banks may change all that in the near future. Both entities are working on their own digital currency and blockchain-based system. Another Bank-issued … Read more
Woman in Denmark Imprisoned for Hiring Hitman Using Bitcoin
An Italian woman in Denmark has been sentenced to six years in prison for hiring a hit on her former boyfriend using Bitcoin, renewing the debate over the use of Bitcoin in criminal activities. Go to Source Powered by WPeMatico
