Analysts at thAmerican multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted. According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer deposits from eurozone banks, Reuters reported Wednesday. This share may be far higher in smaller countries like Latvia, […]

Following the Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs, there have been speculations that Ethereum might be next in line to be branded as a security.  Ripple’s motion to compel the SEC to produce internal documents relating to Bitcoin, Ethereum, and its XRP have fueled these speculations. The payment giant Ripple wants the SEC to reveal said documents […]

Bitcoin Cash (BCH) has been in an upward correction for the past three days as the price reached the high of $640. BCH is falling as bulls fail to break the previous lower high of $640. Since May 27, the crypto has been falling as price makes a series of lower highs and lower lows. If buyers breach the $640 […]

The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic Investors On Tuesday, the Ethereum-based […]

A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments. UK investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year, compared to 5% who invested in stocks and shares ISAs (individual savings accounts). A stocks and shares ISA […]

Vohra believes the gap between these two domains represents one of the biggest adoption challenges for decentralized technologies. “We are uniquely positioned to solve the biggest problem,” he said, adding: “There are around $300 trillion dollars of real-world assets which are illiquid. Pandora’s vision is to bridge those off-chain assets to the on-chain ecosystem with an effective business model.” Pandora’s […]

Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies.  In a Tuesday virtual hearing of the U.S. House of Representatives’ Task Force on Financial Technology, Waters said “cryptocurrencies and other digital assets” were an important issue for […]

Bitcoin is a form of electronic money. That means it only exists in digital tokens. You can pay another person directly using Bitcoin without involving a third party like a bank. However, Bitcoin lacks an intrinsic or legislated value. What individuals are willing to pay for Bitcoin is what it is worth. And this differentiates Bitcoin from national currencies that […]