Elon Musk finally revealed his nuanced stance on cryptocurrencies, saying that they could be a valid replacement to cash and its usage in illegal transactions. After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s…
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Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes. The Hawaii State Senate has passed the first reading of a bill authorizing banks to hold digital assets in their custody. The bill was introduced on Jan. 17 by five state senators, including the only Republican member of the…
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Bitcoin figures continue to highlight the dangers of U.S. economic policy as debt hits record highs of $23 trillion and dollars keep getting printed. The average budget deficit of the United States will “never” be less than $1 trillion per year in the future — or 4.5% of GDP, worrying data on the fiat economy…
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Bitcoin’s consolidation culminated with a downside break below the $8.3K support but bulls are fighting to hold the price above the 200-day moving average. After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA)…
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In the past few sessions, bitcoin price saw an increase in selling pressure below USD 8,650. As a result, BTC/USD declined further and traded below the key USD 8,550 and USD 8,500 support levels. It seems like the price is likely to extend its decline towards USD 8,000 or USD 7,850 in the near term.…
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The Bank of International Settlements’s new survey revealed that only 10% of central banks are likely to issue a CBDC for the general public in the short term. A new survey from the Bank of International Settlements (BIS) revealed that only 10% of central banks are likely to issue a central bank digital currency (CBDC)…
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Ripple’s quarterly sales dropped from $251.51 million in Q2 2019 to just $13.08 million in Q4 2019 due to removal of programmatic sales. Ripple’s XRP sales continued to drop in the second half of 2019, with sales of the token reaching a historic low in Q4. According to a Jan. 22 blog post by Ripple…
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Ripple CEO Brad Garlinghouse predicts that initial public offerings will become a more common feature of the cryptocurrency and blockchain space in 2020. Ripple CEO Brad Garlinghouse predicts that initial public offerings (IPOs) will become more prevalent in the cryptocurrency and blockchain space in 2020. Speaking at the World Economic Forum in Davos yesterday, Jan.…
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Brad Garlinghouse. Source: a video screenshot, Youtube, Bloomberg XRP remains unmoved as the market once again has been hit with speculations about Ripple’s initial public offering (IPO). At pixel time (08:58 UTC), XRP, ranked 3rd by market capitalization, trades at c. USD 0.22 and is down almost 4% in the past 24 hours and 6%…
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At the World Economic Forum in Davos at a digital currency-centric panel, Calibra’s David Marcus focused on the issues of the unbanked as the primary use case. At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of…
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