Central Banks

WIRED Retail trends for the future of ecommerce

WIRED Smarter is returning as a two day virtual festival focusing on the latest innovations and trends shaping the future of business in the retail, money and security sectors. Split into three events, WIRED Retail on Tuesday the 12th October will be of most interest to ecommerce retailers with WIRED Money and WIRED Security taking place on Wednesday the 13th October. Kicking off the series on Tuesday, WIRED Retail will uncover the most exciting trends for the future of ecommerce, showcasing the smart technologies engaging the fast-evolving customer with speakers

ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi

DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak, A qualified actuary (FIA), an award winning C-suite executive, and a successful serial entrepreneur who was awarded CFO of the year in 2018 by Wealth & Finance magazine, listed in the the top 20 individuals behind ICOs in 2017, a track record of

Stocks, Digital Assets, and Commodities Start the Week in the Green

It’s been nearly half a year since Italy first imposed a full lockdown on their citizens, and most of the rest of the world soon followed. The lockdowns proved extremely effective at combating the spread of the virus but also came with a heavy cost. The impact these measures had, however, became completely useless after the restrictions ceased. It’s 48 days until the next U.S. presidential election. Similar to the lockdown measures, a U.S. president is only effective while they are in power, thanks in part due to a rapidly

A Guide to Persistence Protocol $XPRT

The missing link between decentralized finance (DeFi) and centralized finance (CeFi) is that the former interacts only with cryptocurrencies such as Tether (USDT) and Bitcoin (BTC). In contrast, conventional finance mostly deals with fiat. Although it’s easy to convert fiat to crypto, using real-world assets as collateral on DeFi platforms is not. What if there was a way to use real-world assets as collateral on these platforms? This is what the Persistence Protocol is trying to achieve. This platform allows the use of tangible assets to access loans and returns

Bitcoin Rises Ahead of ECB Meet; How Eurozone Could Impact Price?

Bitcoin bounced back on Thursday as the dollar weakened. But the cryptocurrency refrained from making any significant moves ahead of the European Central Bank’s monetary policy resolution later today. BTC/USD surged by up to 1.89 percent to hit an intraday high at $10,417.80. Earlier this week, the pair was trading for as low as $9,819. That signified that traders wanted to keep the price above $10,000, a psychological support level. While BTC/USD showed signs of upside momentum this Thursday, its overall price action remained choppy at best. Bitcoin recovers on

3 Reasons Why Bitcoin Price May Slip Below $10K This Week

A potential catalyst for Bitcoin’s supersonic price rally in 2020 has been the combination of ultra-flexible monetary policies of central banks and massive spending by governments. The prospects of cheaper money have inspired many to seek hedge in what is now the world’s leading cryptocurrency by market capitalization. As a result, BTC/USD jumped from $3,858 to just shy of $10,500 within only five months of trading. Nevertheless, the very same catalysts that pushed the pair exponentially higher are now giving away the signs of withdrawals. Especially this week, investors have started

Poor Man’s Gold Shows Off With 51% Returns YTD

When it comes to precious metals, gold typically gets all the attention. Silver, which is otherwise known as poor man’s gold, may be the tortoise in this race, but it has silently gained more than 50% this year. It’s no secret that investors have been flocking to store-of-value assets since the economic turmoil, including the massive stimulus by central banks coupled with a weaker dollar. Assets like precious metal gold and digital gold bitcoin have been benefitting from the uncertainty, providing investors with a safe-haven in the economic storm. Precious

How Will China’s DCEP Affect WeChat Pay and Alipay?

With the growing interest and adoption of cryptocurrencies, about 80% of central banks worldwide are looking to create their own cryptocurrency. The People’s Bank of China (PBoC) is at the forefront of them all. China’s central bank has been working on its DCEP for about six years now. In 2018, China’s Central Bank former governor Zhou Xiaochua pointed out that it will take nothing less than a decade for its digital yuan to be fully functional. However, several events have propelled this timeline forward. One of which was the proposed

MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use

The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph:“We're trying to build a high throughput, low latency transaction system that could be used by consumers and could handle the security and resilience required for a national currency.”The multi-year collaboration between the two organizations is still in very early stages and not much information is being released to the public. Yet the focus is not on building