According to Prime News, the Bank of Russia has announced that it is working on launching a prototype of its central bank digital currency (CBDC) and start piloting as early as the end of 2021. The new information got disseminated by Alexey Zabotkin, the Deputy Chairman of the Bank of Russia, in an online event […]
In a filing with the SEC yesterday, JP Morgan Chase & Co. announced that it has set up a structured investment vehicle that gives its clients exposure to cryptocurrencies. The company explained that “the notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC,” adding that the payment is “fully and unconditionally guaranteed […]
According to a recent report by popular South Korean newspaper house Dong-A, cryptocurrency investors in the country transacted about $7 billion per day from January 1 to February 25, 2021. Kim Byeong-wook, a Democratic member of the parliament, arrived at that figure by collecting data from Bithumb, Upbit, Korbit, and Coinone, some of the most […]
Will the 2020 United States presidential election upheave the markets? Part 2 What really happened in the markets when the results of the last US presidential elections started coming out? This piece is sequel to the article titled: “Will the 2020 United States presidential election upheave the markets?”. I said nothing new, nothing unprecedented would […]
With three and four-digit annual percentage yields, Big Data Protocol (BDP) has become the latest talk of the town in the DeFi sector, as the total liquidity on the protocol has surged to $6.1 billion only two days after liquidity mining incentives were launched. The DeFi protocol announced its fair launch on March 6 that […]
As one would expect, a change of administration in the world’s largest economy holds so much weight for emerging technologies like blockchain and cryptocurrency. A change in policies and regulations can either boost or frustrate the growth of the cryptocurrency industry. With that in mind, America’s top blockchain group, Blockchain Association, is taking no chances […]
The Kentucky House Budget Committee has approved a bill in a recent 19-2 vote to remove sales tax on electricity for cryptocurrency mining operations in the state. Given the explosive growth of blockchain technology and the increased use of cryptocurrencies across the globe, Kentucky lawmakers are searching for ways to court miners and boost mining […]
Trading markets today move more quickly than ever before. Whether in forex, cryptocurrency, stock exchanges, or anywhere else where significant activity takes place, traders need to be engaged if they’re to take advantage of movement. Partly, this means staying available to trade whatever market is at hand during peak hours (or at least those most […]
Rising global yields remain in the spotlight today, with Germany’s 10-year bond yield hitting -0.234 and the UK 10-year bond yield hitting 0.818. Earlier in Asia, Japan’s 10-year-old JGB yield closed at a high of 0.152. The 10-year US yield is also trading above 1.45. In the foreign exchange markets, the euro is trying to […]
