The report suggests that, based on the experiment, an intraday, wholesale CBDC could have a positive impact on financial stability and limited influence on monetary policy. But Sylvie Goulard, deputy governor of the Bank of France, said that the scale of the experiment was too limited to arrive at broader conclusions. Source link … [Read more...] about BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
Finds
Grayscale finds that over 25% of US households surveyed currently own Bitcoin
According to a report published by Grayscale Investments on Monday, more than one-quarter of US investors surveyed (26%) said they already own Bitcoin (BTC). Out of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. An additional three-quarters of participants (77%) said they would likely gain exposure to … [Read more...] about Grayscale finds that over 25% of US households surveyed currently own Bitcoin
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
According to traffic-monitoring data from SimilarWeb, the second-highest number of Axie players in the world are in Venezuela, after the Philippines but ahead of the United States, Argentina and Brazil. Axie has about 2.5 million daily players around the world, according to officials at Sky Mavis, the owner of Axe Infinity. Source link … [Read more...] about Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
Data finds institutional investors are choosing Cardano and Ethereum over Bitcoin
CoinShares data brought forth an interesting highlight that discusses investors’ renewed interest in altcoins such as Cardano and Ethereum. It mentions that the inflows towards Cardano have recorded a notable surge this week, nearly equaling the influx of Ethereum and bringing the total year-to-date amount to $108 millionEthereum inflows totaled $17.3 million last week followed … [Read more...] about Data finds institutional investors are choosing Cardano and Ethereum over Bitcoin
DeFi dApps show low growth compared to Ethereum activity, JPMorgan finds
Over the past year, DeFi’s rise has been aggressive in terms of prices; however, this is just the face value as its growth, volume-wise, leaves a lot to discuss. This was revealed by an analysis carried out by strategists at JPMorgan.DeFi’s growth has been slow but steadyAccording to the report, DeFi’s growth, in terms of dollar rise of Ethereum, is up by 780% this year. ETH, … [Read more...] about DeFi dApps show low growth compared to Ethereum activity, JPMorgan finds