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Day: June 20, 2022

CBDC Tracker shows that 105 countries are investigating central bank digital currencies.

Currently, 105 countries are experimenting with central bank digital currencies (CBDCs). Fifty of them are in the advanced stages of exploring digital currencies (development, pilot, or launch). The Geoeconomic Centre of the Atlantic Council has announced a significant update to its Central Bank Digital Currency (CBDC) Tracker. According to the tracker, 105 countries, accounting for over 95% …

CBDC Tracker shows that 105 countries are investigating central bank digital currencies. Read More »

What’s the Difference Between Inflationary and Deflationary Cryptocurrencies?

Inflation refers to an increase in the price of goods and services. This happens when too much currency is in circulation, causing money to lose its value. On the other hand, deflation refers to an increase in the value of a currency and a corresponding dip in the price of goods and services. Deflation is …

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Top 5 ways to earn passive income from crypto in 2022

Passive income is money generated from ventures in which an individual is not actively involved. For the most part, all you need to do is invest your money or digital assets in a particular crypto investment strategy or platform and watch it generate profit. In some cases, the earnings are fixed and predictable. In others, …

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Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M

Separate catalysts saw the two tokens jump and see volatility over the weekend, with SNX rising as much as 85% in the past 24 hours. Native tokens of Dogecoin (DOGE) and Synthetix (SNX) saw volatile trading over the weekend even as the broader crypto market fell and then staged a brief recovery on Monday. DOGE …

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“Stop Looking at the Graph and Enjoy Life”: El Salvador’s President on BTC Price Slump

El Salvador’s bitcoin-friendly President Nayib Bukele has shared an advice to all Bitcoiners as the cryptocurrency ecosystem has continued to take a deep dive down. Over the weekend, the price of Bitcoin slumped further from its earlier 18-months low to $17,708.62. With the price of Bitcoin going below what was earlier envisaged, altcoins like Ethereum …

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Meta Launches Metaverse Digital Clothing Store

Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse. The company believes that clothing and other accessories will become an important part of the users’ identity expression and that this will entice them to spend money on digital …

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Sterling has further to fall as Bank of England wrestles growth-inflation conundrum, strategists say

KEY POINTS The Bank of England last week delivered another 25 basis point hike to interest rates, a more cautious move than peers such as the U.S. Federal Reserve and Swiss National Bank. Goldman Sachs analysts argued in a note on Sunday that the BoE’s more careful approach to taming inflation in order to cushion …

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Record stablecoin market share points to crypto upside: JPMorgan

Despite the FUD around stablecoins, the percentage of stablecoins in the total market cap has been growing recently, hitting new all-time highs. The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase. The percentage …

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Christie’s Web3 Expert Leaves Auction House to Run CryptoPunks for Yuga Labs

Noah Davis, a key factor in the storied auction house’s crypto embrace, was involved in Beeple’s $69 million NFT sale in March 2021. After acquiring the coveted CryptoPunks non-fungible token (NFT) project back in March, Yuga Labs is bringing on Noah Davis, a key part of the NFT team at auction house Christie’s, to be the …

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MICHAEL SAYLOR LISTS 10 THINGS FOR BITCOIN TO BECOME A STRONGER ASSET

In an interview with Bloomberg, Michael Saylor detailed 10 things that needs to happen over the next decade for bitcoin to become a stronger asset for institutions. Michael Saylor recently appeared in an interview with Bloomberg to discuss bitcoin and regulation. The CEO of MicroStrategy explained he believes bitcoin has 10 things it needs to …

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