Central Banks

Top 5 Cryptos Other Than Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV

Source Node: https://cointelegraph.com/news/top-5-cryptos-other-than-bitcoin-this-week-mar-29-xmr-bnb-ht-cro-bsv
Time Stamp: April 5, 2020 12:27 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it has warned that this move could have a “severe impact on unbanked and older consumers.”  Chamath Palihapitiya, the billionaire CEO of venture capital firm Social Capital, believes that the setting is right for Bitcoin (BTC) to

Top 5 Cryptos Not Named Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV

Source Node: https://cointelegraph.com/news/top-5-cryptos-other-than-bitcoin-this-week-mar-29-xmr-bnb-ht-cro-bsv
Time Stamp: April 5, 2020 12:24 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it has warned that this move could have a “severe impact on unbanked and older consumers.”  Chamath Palihapitiya, the billionaire CEO of venture capital firm Social Capital, believes that the setting is right for Bitcoin (BTC) to

Massive Demand for Tezos could lead to an Unprecedented Price Hike

Source Node: https://insidebitcoins.com/news/massive-demand-for-tezos-could-lead-to-an-unprecedented-price-hike/256601
Time Stamp: April 5, 2020 12:05 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Tezos cryptocurrency has done well in the market, with steady gains since last year. At a point a few months ago, the crypto coin reached an all-time high as its bullish trend reached its pinnacle.Tezos (XTZ) is not about to roll back, with the high level of demand it has received within the past few days picking up pace.The recent slump in crypto demand last month almost cut off its consolidated gains for the past few months. However, XTZ is gradually picking up and showing signs that could lead

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/bis-calls-for-central-bank-digital-currencies-amid-coronavirus-pandemic
Time Stamp: April 5, 2020 12:02 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods.BIS warns of COVID-19 transmission via credit card terminalsThe report notes a significant negative change in consumer attitudes regarding the use of cash in response to the World Health

Revolut Reacts To Corona Crisis, Pushes out New Crypto Support

Source Node: https://insidebitcoins.com/news/revolut-reacts-to-corona-crisis-pushes-out-new-crypto-support/256350
Time Stamp: April 3, 2020 6:46 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Revolut, a digital banking app, has recently rolled out its cryptocurrency services to all of its standard users. This comes alongside a statement from the app itself that it widened its access earlier due to the current global economic crisis.This Is No April Fools’On the first of April, 2020, the UK-based fintech service provider made the announcement that it will allow for cryptocurrency accounts and trading to all of its standard users, with a 1.5% flat fee per trade. Before this announcement, these services were reserved only to its Premium

Unsurprisingly, Markets Are Bearish

Source Node: https://www.bitcoinmarketjournal.com/unsurprisingly-markets-are-bearish/
Time Stamp: April 1, 2020 6:20 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Out of all the hockey stick graphs we’ve been looking at over the last few weeks, the one that really takes the cake is the google trends chart showing the number of people searching for the term ‘unprecedented.’ The levels we’re seeing at the moment, quite frankly, have never existed before. Demand on telecommunications have been unprecedented. The sudden halt in air and even ground travel is unprecedented. And the actions taken by governments and central banks around the world have been well… unprecedented. We’re litteraly living through history at

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Source Node: https://cointelegraph.com/news/feds-quantitative-easing-strategy-holds-long-term-benefits-for-crypto
Time Stamp: April 1, 2020 11:30 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial