The Swiss National Bank (SNB) says it will technically be ready to launch a wholesale central bank digital currency (wCBDC) in January of next year, using Switzerland’s newly-licensed Six Digital Exchange (SDX).While it’s the retail-facing version of a CBDC that tends to grab most attention, the argument for wCBDC, designed to clear and settle wholesale payments, is compelling … [Read more...] about Swiss Central Bank Ready to Run With wCBDC in January: ‘Just Takes a Policy Decision’
Run
If Facebook Can’t Run a Global Currency, Who Could?
This episode is sponsored by Nexo.io.A recent letter addressed to the social media giant from five democratic senators laid it out clearly; There’s simply no way Meta (formerly Facebook) will be allowed, much less trusted, to run a supra-national stablecoin. It’s a stance many agree with but it brings up a larger and much more controversial question. If one of the biggest, most … [Read more...] about If Facebook Can’t Run a Global Currency, Who Could?
Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats
Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its … [Read more...] about Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats
River Financial to Let Clients Mine Bitcoin Without Having to Set Up, Run Machines
The product comes at a time when bitcoin mining has become a lucrative business with high profit margins thanks to a rally in the price of the world’s biggest cryptocurrency by market value. However, the challenges of setting up machines and the lack of access to cheap electricity have made moving into the sector challenging for new entrants. “Chip shortages, supply chain … [Read more...] about River Financial to Let Clients Mine Bitcoin Without Having to Set Up, Run Machines
Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase?
Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues.In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to suggest that BTC’s price is far from its macro top.No Bitcoin bull run ends in “disbelief”Bitcoin has so far failed to crack resistance even at … [Read more...] about Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase?