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Retail CBDCs, issued directly by a central bank to a country's citizens, who can use them to purchase goods and services, can theoretically cut out traditional intermediaries like commercial banks, Galhau said, addressing a more contentious type of CBDC. Original Source
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Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47 million, but this value did not include the significant loss in liquidating his significant FLEX coin
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Riot, however, decreased its hashrate expectations for the year to 12.5 exahash per second (EH/s). The downgrade follows June's reduced forecast, when it said it expected 12.6 EH/s by January 2023, below May's prediction of 12.8 EH/s. The miner produced 421 bitcoins in June, compared with 466 BTC in May,
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Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax
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“COIN volumes appear to surge during sell-offs, but fail to bounce back during brief rallies,” Dolev said in a note to clients. “As evidence, average daily trading volume on the COIN platform on Bitcoin down-days was 15% higher than volumes on Bitcoin up-days. In recent months, however, down-day volumes are
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The protocol would have automatically liquidated up to 20% of the whale’s collateral if SOL hit $22.30, and potentially led to damage in the broader Solana ecosystem. A governance vote was floated by protocol developers to take control of the account and take adequate risk management steps. Original Source
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The latest moves in crypto markets in context for May 31, 2022. Source
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On Monday, the cryptocurrency and Bitcoin market turned positive, attempting to break out of its current downturn, with market capitalization rising 1.5% to $1.37 trillion. The largest cryptocurrency, Bitcoin , reached $30,554, up 1.2%. Bitcoin Price Sheds Gains The Bitcoin price’s downhill movement is becoming increasingly apparent. A rally towards $33,700 is
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BitMEX, one of the longest-running crypto futures exchange, has pushed its spot markets live. Original Source
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“We also have the capability to offer bitcoin futures and options trading, with such trades executed this week on the CME with Cumberland DRW, marking the first digital asset trades for Nomura,” Rig Karkhanis, the bank’s head of global markets for Asia ex-Japan, said in the statement. Original Source
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