Day: August 18, 2023

implementing CBDC won’t tag significant economic risks

According to Colombia’s central bank research, adopting a central bank digital currency (CBDC) is expected to have limited economic impacts, underscoring the importance of incorporating attractive attributes tailored to essential user segments. The paper indicates that the central bank is still debating whether to issue a CBDC while acknowledges the potential benefits of implementing transaction constraints to regulate usage. The working paper titled “Expected Macroeconomic Effects of Issuing a Retail CBDC” by Banco de la República, Colombia’s central bank, concluded that introducing a retail CBDC would not entail substantial macroeconomic risks. The report further…

Ethereum surges 11% after report SEC is set to approve Futures ETF

boss

The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block the applications of nearly twelve companies, including ProShares, Volatility Shares, Bitwise and Roundhill, that have filed to launch Ether (ETH) futures ETFs in recent weeks. Breaking The SEC is expected…

Why Is Dogecoin Price Down Today?

boss

The Dogecoin price is down around 5% in the last day following the general market crash. The meme coin which had seen improved sentiment did a quick 180 and started to bleed. However, while the Dogecoin price could only be following Bitcoin’s descent, are there other factors driving the decline? Why Is Dogecoin Price Falling? One reason that the Dogecoin price is down today is due to its proximity to Shiba Inu. The latter saw a highly anticipated Shibarium launch go awry on Wednesday, sparking rapid declines among the meme…