Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a market worth of $745 billion as of…
Latest Bitcoin News While speaking at the Economics of Payments IX to mark a decade after the fall of the Lehman Brothers—an investment bank and a casualty of the Great Financial Crisis, Benoît Cœuré, the European Central Bank executive board member and the chair of the Committee on Payments and Market Infrastructures at the Bank…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
A crypto analyst has sparked fresh debate after warning investors to consider swapping their Bitcoin (BTC) for XRP. He argues that the shifting global reserve standards could reshape which digital assets gain institutional favor, potentially positioning XRP as a stronger candidate for long-term adoption. The analyst’s comments align with the central bank’s strict reserve policies,…
Rudd identifies a number of biases, inaccuracies, and flawed assumptions in the ECB’s treatment of Bitcoin, specifically in how the ECB positions Bitcoin as a speculative asset that lacks intrinsic value and presents risks to the financial system. This critique serves not just to counter the ECB’s claims, but to illuminate broader debates on Bitcoin’s…
On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points (BPS) in a move similar to the one taken by the United States Federal Reserve. The US Federal Reserve, on Wednesday, increased its fund rates by an additional 25 BPS,…
U.K.-based startup SETL was granted a license from the Autorité des Marchés Financiers, the French financial watchdog, to run a blockchain-powered central securities depository (CSD). Blockchain Settlement Startup Promises to Help Cut Collateral Held up in Payment Systems As one of Europe’s biggest securities settlement systems, France will be at the forefront of “market plumbing” processes, where…
The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In…