3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance
The price of Bitcoin surged past $11,000 but it might be too early to expect a significant rally to begin. Go to Source Powered by WPeMatico
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St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices
The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall … Read more
Stablecoin Competition Heats up as Reserve Tries to Make Its Mark on the Industry
A very peculiar trend has become a lot more apparent in the world of cryptocurrency as of late. The rise of stablecoins has been well-documented, yet it seems a lot more of these currencies are on the horizon. Reserve aims to be pegged to the US dollar and will offer some stiff competition to USDT … Read more
Zimbabwe Exchange Granted “Interim Relief,” Ban Appeal Still Ongoing
Despite reports of the Zimbabwe High Court’s reversal of the Reserve Bank of Zimbabwe’s (RBZ) recently issued cryptocurrency ban, the country’s leading bitcoin exchange, Golix, is yet to restore trading on its platform. In an email recently sent to customers of the exchange, Golix sought to clarify that it has been granted “an interim relief,” … Read more
RBI Crackdown Triggers Migration of India’s Cryptocurrency Industry
The Reserve Bank of India (RBI)’s prohibitive policies regarding India’s cryptocurrency industry has reportedly comprised the catalyst for a migration of Indian cryptocurrency entrepreneurs in search of more amenable regulations. Also Read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police RBI Crackdown Drives Crypto Businesses Overseas The crackdown on cryptocurrencies initiated by the RBI has reportedly … Read more
St. Louis Fed Rejects Notion of Central Bank-Issued Cryptocurrencies
The St. Louis Federal Reserve has published an essay critically evaluating the notion of cryptocurrencies that are issued by central banks. The article is highly dismissive in presenting what it describes as “the non-case for central bank cryptocurrencies,” concluding that “a central bank will not issue cryptocurrencies in the sense of a truly decentralized and … Read more
Nominee to New York Federal Reserve Claims That Crypto Isn’t Currency
The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion that cryptocurrencies comprise currency. Also Read: Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement New York Federal Reserve Nominee Rejects Cryptocurrencies as … Read more
