“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 a 26.2% increase in coin … [Read more...] about Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come
ECB
ECB Sounds Alarm Over Linkages Between Stablecoins and Conventional Financial Markets
The search for higher yields amid rising inflation and falling interest rates, have led investors to take greater risks, exposing a broad section of the market, including crypto, vulnerable to corrections, the European Central Bank (ECB) said.The ECB acknowledged that cryptocurrencies have grown in popularity and relevance, and said that the crypto markets are subject to … [Read more...] about ECB Sounds Alarm Over Linkages Between Stablecoins and Conventional Financial Markets
ECB Hires Former ING Director as Digital Euro Program Manager
The European Central Bank’s (ECB) has tapped ING’s global director of payments, Evelien Witlox, as the program manager for its digital euro, effective Jan. 1, 2022.In her new role, Witlox will work alongside the senior management team of the Directorate General Market Infrastructure and Payments.Witlox will work on the ECB’s investigation phase of the project which will run … [Read more...] about ECB Hires Former ING Director as Digital Euro Program Manager
ECB is looking to design a digital euro more energy-efficient than Bitcoin
The European Central Bank, or ECB, joins the growing club of crypto-friendly financial institutions as it announces the decision “to launch a project to prepare for possibly issuing a digital euro.” The ECB’s official tweet noted:“We will look at how a digital euro could be designed and distributed to everyone in the euro area.”According to a press release on July 14, the ECB's … [Read more...] about ECB is looking to design a digital euro more energy-efficient than Bitcoin