Australia marks first FX transaction using a CBDC as eAUD pilot continues
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain. Go to Source Powered by WPeMatico
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Bank profits at risk from potential CBDC transformation of global economy: Moody’s
CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking. Go to Source Powered by WPeMatico
A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies on the same concepts as other valuation … Read more
Forex vs. Cryptocurrency Trading, Explained
On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how. Go to Source Powered by WPeMatico
Cyprus SEC Flags 3 Trading Platforms That Look Suspiciously Similar
Cyprus’ SEC issues a warning against almost 200 unregistered investment platforms, three of which look almost identical and falsely declared ties to regulated firm BDSwiss Go to Source Powered by WPeMatico
Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals
Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts. Also read: Indian Supreme Court Moves … Read more
The Differences Between Forex and Crypto Trading
Many would argue that comparing cryptocurrency trading with forex is like comparing apples and oranges, but that’s not entirely accurate. On closer inspection, there is a number of similarities between the two. For example, the underlying market dynamics of supply and demand will usually govern the prices of the respective assets. Here traders share their thoughts … Read more
Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities
Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, … Read more
Major Belarusian Bank Starts Offering Bitcoin CFD as Belarus Gets Less Crypto Friendly
A well-known bank in Belarus will begin offering a bitcoin contract for difference (CFD) product through its platform, a joint project with a Swiss bank. Meanwhile, Belarus is growing less crypto friendly, reportedly amending its decree to impose strict KYC rules. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Bitcoin CFD Product Mtbankfx is an accredited … Read more
Research: Bitcoin Exposes Central Banks’ Currency Manipulation and Capital Controls
Now bitcoin can provide economic researchers a new tool for exposing both currency manipulation and capital controls, in a way never thought possible before due to a lack of a perfect benchmark. This is done using similar methods to those arbitrage traders employ, comparing prices in different cryptocurrency markets around the world. Also Read: Cobinhood … Read more
