The optimum amount of digital euros to have in circulation would be between 15% and 45% of quarterly real gross domestic product (GDP), the economists found. Since the eurozone’s quarterly GDP is about 3 trillion euros, Panetta’s suggestion of a 3,000 euro cap would sit pretty much in the middle of that range, at 34%. Source
press release PRESS RELEASE. ROLA, a community-driven platform for the crypto industry, allows users to participate in AI-based predictions on all market aspects while leveraging real-time market insights on top of professional analysts’ knowledge. The ROLA app enables users to consume market insights while improving from the users’ votes. The algorithm thus improves from the signals it receives from the community and, in return, provides accurate predictions. In this way, ROLA is strongly driving a Predict-To-Earn ecosystem. What ROLA Brings To The Web3 Community The crypto community has witnessed projects…
Tezos seems to be heading south. As of this writing, XTZ trades at $1.61 following a 3.10% boost in price seen overnight. XTZ’s relative strength index and volume have declined and isn’t showing any signs of bullish movement. As of press time, XTZ movement ceases to be dubbed as an impulse wave. This means that Tezos is now moving towards a back slide. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Tezos Hints At Bearish Movement The bearish streak has been obvious…
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The Ethereum mainnet is just one testnet merger away from officially transitioning to a proof-of-stake (PoS) blockchain. After multiple shadow forks and testnet merges, the years-long journey has reached the final stage with the announcement of the final testnet merge to the Beacon chain. The transition to PoS began in December 2020 with the launch of the Beacon chain, starting Phase 0 of the three-phase process. Phase 1, the current phase, was slated to be completed by 2021. However, due to numerous delays and unfinished work on the developers’ end,…
The Law Commission of England and Wales is proposing a number of law reforms to provide wider recognition and legal protections for cryptocurrency and digital asset users. The institution is reviewing existing legislation on digital assets at the request of the British government in an effort to accommodate the space as it continues to grow in reach and use. The Law Commission announced the call for public consultation from legal experts, technologists and users on Thursday. The proposal highlights the evolving nature and multi-faceted use of cryptocurrencies, nonfungible tokens (NFTs)…
Total market capitalization increased 6.4%, one of the biggest gains in recent weeks as risk appetite returned among investors as they priced in lower rate hikes ahead. Ether led gains among majors, with Solana’s SOL, BNB, and Cardano’s ADA up 6.4% in the past 24 hours. Elsewhere, Uniswap’s UNI and bitcoin cash added as much as 21%. Source
Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africa’s financial system to channel funds to the group’s affiliates and networks in Africa. The United States government has so far sanctioned four South Africa-based individuals it accused of facilitating the transfer of funds to African terror groups. Millions of Dollars Laundered A new United Nations Security Council (UNSC) document alleges affiliates of the Islamic State (IS) in Africa are using the South African financial system to mobilize and launder millions of dollars. As per a Bloomberg…
From the great migration to the bear market, crypto miners went through many challenges throughout the year including a shift in profitability. However, according to Steve Bassi, an expert in Bitcoin (BTC) and Ether (ETH) mining, crypto mining may still be profitable if we look at its long-term prospects. As the costs of application-specific integrated circuit (ASIC) miners hover around $8,000 to $12,000, and electricity costs take up more than half of the projected income — the current estimated time frame when a miner could cover the cost of one…
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