News with the tag "Digital Currency"

Europe needs to embrace a digital version of its currency (or a digital euro) to stand strong against the rising popularity of stablecoins and the widespread use of payment systems from the United States. That’s the message from Philip Lane, the Chief Economist at the European Central Bank (ECB). Ac...

The supply of Ethereum on cryptocurrency exchanges has declined to a level not seen since November 2015, a key indicator of the dramatic change in how investors are storing the digital currency. Based on recent data, around 8.97 million ETH are in their possession now. This shortage comes as the pri...

The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital Dollar Project States U.S. Currency Must Modernize to Pre...

President Donald Trump recently addressed the Blockworks Digital Asset Summit in New York City, outlining his ambitious aspirations to establish the United States as an important force in the cryptocurrency sector , with Bitcoin (BTC) at the forefront. Trump’s Vision For Maximizing Federal Holdings ...

Get ready for a major leap in the world of digital currency! South Korea is stepping up its game, and it’s big news for anyone interested in the future of finance. The Bank of Korea (BOK) is all set to launch its Central Bank Digital Currency (CBDC) pilot program, and it’s got a catchy name – ‘Hanga...

Mt. Gox, the Bitcoin exchange that is now insolvent, has transferred 11,833.6 BTC, totaling approximately $931 million, to new addresses, in a significant development within the cryptocurrency community. The prospective impact of this action on the broader crypto market has sparked discussions. Rela...

The recent decline in the price of Bitcoin to $80,000 has prompted speculation regarding whether this represents a sign of frailty or an opportunity to invest. Market watchers differ in opinion. While some view the drop as a passing setback, others see it as an opportunity. One analyst predicts that...

In a significant development for the crypto market in the United States, acting Securities and Exchange Commission (SEC) Chair Mark Uyeda announced plans to revise a controversial proposal requiring digital asset exchanges to register under alternative trading system (ATS) rules. Uyeda Critiques Reg...

XRP could be on the verge of a massive price jump, according to analyst Egrag Crypto. The well-known chartist has identified what he calls the “Kangaroo Phase,” a consolidation period that might lead to a breakout. Based on historical trends and key technical indicators, he believes XRP could reach ...

The United States’ financial regulators are stepping up their discussions about how to regulate crypto. Discussions have been taking place between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) staff members with the goal of improving coordination. Carol...