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Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project
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"Typically, but not always, prices will break above the neckline [resistance] and then return to that level, currently between $24,000 [and] $25,000," Olszewicz said in a weekly market update. "This behavior is described as a ‘throwback,’ which in this case also includes a nearly three-month bullish reversal falling wedge chart
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Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.On June 13 the Treasury Department’s Assistant Secretary for Financial Institutions Graham Steele spoke at a payments-focused conference in Texas about the Federal Reserve’s controversial FedNow system
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Taiwan Mobile’s decision demonstrates the growing interest of conventional sectors in capitalizing on the possibilities of cryptocurrencies and blockchain technology. Taiwan Mobile Co Ltd (TPE: 3045), one of Taiwan’s prominent telecommunications companies, has expressed its openness to potential alliance opportunities with Taiwanese firms specializing in crypto. As reported by Bloomberg, the company
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swarovski may take a leap into the metaverse with recent trademark applications on a range of products filed on May 30. The application covers numerous products, including cosmetics and NFT verified media, signaling the brand’s ambitions
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Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators.PEPE charts flash a classic bearish reversal patternFrom a technical standpoint, the price
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The ECB has finalized its digital euro prototype scheme as it mulls whether to roll out the government-backed token. The European Central Bank (ECB) has finalized a digital euro prototype ahead of a development decision. Later this year, the leading central bank would decide whether to develop the fiat euro as
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Systemic Risk Board has recommended increased disclosures and monitoring as measures to combat the risks associated with the cryptocurrency market. This alarm follows concerns have been raised about the potential impact of a sudden crisis
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“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
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Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security. As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them
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