The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, […] Source CryptoX Portal
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…
So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader patterns as more defensive strategies are sought. Analysts from the…
Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold could reach up to $16,000 per ounce if it returns to its historical average relative to U.S. treasuries, and even […] Source CryptoX Portal
Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run. How XRP Price Could Replicate 2017 Price Gains Dark Defender claimed in an X (formerly Twitter) post that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of…