French central bank will conduct a series of tests to discover benefits and use cases for Central Bank Digital Currencies. France’s central bank has announced its plans to launch an experimental program to test a digital euro in settlement procedures. Qualified institutions are also invited to participate. According to the Read more…
With governments printing new money at will, Revolut has recognized Bitcoin as an alternative and expanded its crypto offering. UK challenger bank Revolut has expanded its cryptocurrency offering to all of its users as an alternative to government-backed fiat currencies. As governments around the world push stimulus packages, including the printing Read more…
The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, the U.S. is only “largely compliant” with FATF regulations on cryptocurrencies and virtual assets. The assessment considered the degree of compliance of Read more…
Accenture managing director David Treat said that implementing a digital dollar can’t be achieved in a few weeks. One of the directors of the Digital Dollar Project, a non-profit that promotes the implementation of a central bank issued, blockchain-based US dollar, said that a digital dollar isn’t a quick fix to Read more…
Litecoin (LTC) is again facing pressure from traders who wonder if the price will be able to pick up the momentum necessary to recover the losses from the major market crash on March 12. As of press time on Wednesday (10:22 UTC), litecoin was down almost 1% over the past 24 Read more…
Over the past 9 days, Cardano has been showing a mix of price movements and has ultimately turned flat. Alongside, the price of Bitcoin is also showing a flat price movement around $5,000 with a recent dip marked around $4,400. Cardano Price Analysis On the intraday chart, the price of Cardano continues Read more…
Bitcoin halving, the anticipated event in the crypto space, is just around the corner. However, this year’s Bitcoin halving less than two months away is the most anticipated in the short history of crypto space because of the recent price drop of Bitcoin and the miners’ sordid state. Bitcoin miners are undoubtedly the backbone Read more…
The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts. A European Defense Industrial Development Programme (EDIDP) tender, issued March 24, includes a 42-strong itemized list calling for small-to-medium enterprises (SMEs) to offer solutions that drive innovation and adapt technologies for civil and defense purposes. The program will accept Read more…
Major crypto exchange Coinbase has announced that it will allow users to lend out their crypto and gain interest from loans using decentralized finance (DeFi) apps via its Coinbase Wallet app. The development comes as the crypto lending industry continues on a path of dynamic growth, with rapidly increasing interest among would-be Read more…
In a recent TradingView analysis, cryptocurrency analyst Filb Filb drew attention to the importance of $8,000, a price point which he stated has the “worst cluster of resistance seen since the bear market of 2018.” Indeed, he noted that the following technical levels are currently situated at $8,000 (subject to change Read more…