Day: December 9, 2021

More Downside For Bitcoin? CPI New Numbers Could Call For Early Taper

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The stock markets and Bitcoin’s price performance might be hitting a bumpier road after the next Consumer Price Index release. During the year the Fed has been clear about an upcoming tapering, and now that new –and higher– CPI metrics are expected, the taper is likely to fasten its pace and the markets to suffer. The central bank is expected to start reducing its net asset purchase month by month by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities. This has raised fear over the traditional…

Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial – Finance Bitcoin News

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Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies An experiment carried out by the monetary authorities of France, Switzerland and the Bank for International Settlements (BIS) has indicated that central bank digital currencies (CBDCs) can be used effectively for international settlements between financial…

MicroStrategy purchases $82M in Bitcoin, now holds 122,478 coins

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Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec. 8 for roughly $82.4 million, making its total holdings 122,478 BTC. With the recent buy, MicroStrategy’s holdings are valued at more than $5.9 billion, representing more than $2.2 billion in gains. MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price…

What Kickstarter Going Decentralized Means for Web 3

But crypto adds a radical new element in that these free software projects are designed for anyone to use, basically without restriction, and, more importantly, are uncensorable. Kickstarter as an entity will not let you donate to a North Korean startup, no matter how benign the project. With ethereum or bitcoin, it’s completely your call – so long as you’re willing to pay the fees (and comfortable evading sanctions). Source

Gate.io Boasts Widest Variety of Cryptocurrencies Out of Top Exchanges

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December 8, 2021 – Singapore, Singapore Gate.io, one of the world’s leading cryptocurrency exchanges, has established itself as the platform with the widest variety of coins and tokens on offer. Established in 2013, the exchange has become known for having over 1,100 coins and tokens listed with nearly 2,250 tradable pairs and a futures market with over 200 pairs to trade on. Marie Tatibouet, chief marketing officer at Gate.io, said, “Over the last few years, we set out to build one of the most comprehensive platforms available in the cryptocurrency…

SushiSwap CTO resigns citing internal structural chaos

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Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the 13th largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring now is unlikely to result in a resolution that will leave the DAO as much more of a shadow than it once was without a radical structural transformation.” In the interest of the Sushi Community…