Cryptocurrency Analysis and News Portal
Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics. Many other central banks, including the Bank
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Read More
If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said. Original Source
Read More
The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market
Read More
The Bank of England is working on a strict regulatory framework for crypto assets. The Bank of England announced these plans as part of its efforts to prevent the risks to financial stability that the rapid growth of cryptocurrencies could cause. The global crypto sector flourished in 2021, with the total
Read More
That said, overall, the environment for risk assets, including bitcoin, is gloomy, according to Pankaj Balani, CEO of Delta Exchange. "The cryptocurrency could continue to trade sideways until bottom fishing emerges," Balani told CoinDesk in a WhatsApp call. "That looks unlikely as long as macro factors remain bearish." Original Source
Read More
“Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs,” said Marcus Sotiriou, an analyst at the U.K. based digital asset broker GlobalBlock. “Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing
Read More
Crypto assets currently pose limited risks to the stability of the U.K. financial system, the Bank of England said in its Financial Stability Report, released Monday. But their pace of growth means they could become more dangerous as they become increasingly linked to wider financial networks. Source
Read More
Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.Bailey argued that El Salvador’s decision to adopt Bitcoin as a currency was alarming because consumers are likely to suffer from the
Read More
The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.”Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee, gave a speech on Wednesday at the TheCityUK 10th Anniversary Conference.
Read More