IMF lawyers argue that central banks need reform before they can issue CBDCs

On Friday, the International Monetary Fund published a new working paper on central bank digital currencies, or CBDCs, and their legal ramifications.  In the paper, researchers including IMF legal counsel Wouter Bossu and Catalina Margulis argue that current frameworks are inadequate for issuing public-facing CBDCs. The researchers are particularly concerned about how existing definitions of money can apply to such a new technology, but, optimistically, suggest the problem is simple enough to fix: “The absence of an explicit and robust legal basis for the issuance of token-and/or account-based CBDC can…

How Much ETH Do You Need to Retire from Staking Rewards? Ethereum 2.0 Launches Dec 1st

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Price analysis 11/20: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Bitcoin price is back on the path to a new all-time high and it seems altcoins intend to follow suit. Bitcoin’s (BTC) current rally has largely been led by investments from institutional investors and public listed companies. Data from Bitcointreasuries shows that companies hold about 4.54% of the current Bitcoin supply. A survey of 700 high-net-worth individuals chosen from across the globe shows that about 73% of respondents either own or want to own cryptocurrencies before the end of 2022. The proposed influx of money from large investors could boost…

Capricorn Tarot Reading – You waited long enough!

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Grammy Nominated Hip-Hop Star Logic Dropped $6 Million Into Bitcoin Last Month

During the last few months, a slew of celebrity luminaries, millionaires, and even a number of billionaires have announced taking the plunge into the crypto asset economy. On Thursday evening, the former rapper Robert Bryson Hall II, known professionally as “Logic,” revealed he purchased $6 million worth of bitcoin last month. The retired American rapper Logic has made a name for himself during the last ten years when he started his songwriting and record producing career in 2010. During the last decade, Logic released six studio albums and was nominated…

Search Engine Marketing Data Reveals Highest Retail Interest In Bitcoin Ever

Bitcoin is nearly at $20,000 once again and to the surprise of the crypto community, Google Trends search data now still doesn’t anywhere nearly compare to the search interest back then. However, digging deeper into search engine volume using a plethora of search engine marketing tools, there’s a very different “story” to be told. Here are the reasons why search volume and related terms suggest that there is far more interest now in Bitcoin than there was at the height of the crypto bubble. Bitcoin Blows Up But Fails To…

Billionaire Took a $130 Million Loss in Bitcoin But “Felt So Much Better”

The billionaire CEO of Softbank, Masayoshi Son, doesn’t understand Bitcoin. After investing approximately $200 million, following the advice from Bitcoin booster whose investment firm was acquired by the bank, he found the asset’s price movements distracting and took a heavy loss when he exited back in 2018 as per a Business Insider report on Nov 20. Masayoshi’s Losses Making these comments at The New York Times DealBook Conference, Son said despite his losses, he “feels so much better” and didn’t have to look at Bitcoin’s prices every five minutes. Still, he thinks digital…

US regulator wants to stop banks from blacklisting legal businesses, crypto included

Per an announcement on Friday, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rule-making that would stop banks from denying services to businesses based on sector. In the words of Comptroller Brian Brooks, “Blanket boycotts of entire industry sectors have to stop.” The OCC’s announcement points to political hot-button issues that banks have systematically denied services to, including oil and gas companies in Alaska as well as Planned Parenthood. Speaking to the media, Brooks noted the bipartisan nature of many of these…

Fake Uniswap app on Google Play Store has already lost one user $20,000

A fraudulent mobile application claiming to be the Uniswap exchange has reportedly stolen money from an investor, offering an important reminder of the scams that still pervade the nascent cryptocurrency industry. Alex Saunders, founder and CEO of the Australia-based Nuggets News, recently reported that one of his members lost $20,000 to a fake Uniswap mobile application that was listed on the Google Play Store. The app, called “Uniswap DEX,” was published Nov. 10 by a person or entity called Uniswap Inc. The user reportedly entered in their private key backup…