Cryptocurrency News Market

Sweden’s Central Bank To Begin Testing National Cryptocurrency

The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine Read more…

Bitcoin Cryptocurrency News

How Stock Market Bubble Fears Could Fuel Crypto Investment

Crypto markets have corrected today but stock markets continue to surge despite mounting warnings of economic despair ahead. When the bubble bursts will investors turn to digital assets as a safe haven? Stocks Up Amid Virus Fears, Crypto Dumps The current scenario on Wall Street is deceptively bullish in a country where red lights are Read more…

Bitcoin Cryptocurrency News

US Household Debt Hits Record Level, Is Bitcoin The Solution?

Recent reports indicate that the level of household debt in the US has reached a record high of over $14 trillion. Dollar devaluation and a flawed banking system has been the catalyst but can bitcoin be the solution? Deepening Debt Crisis According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, total US Read more…

Bitcoin Cryptocurrency News

Germany To Issue Crypto Regulations On January 1 2020

The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation Read more…

Blockchain Cryptocurrency News

Will China Win the Blockchain Race Leaving the US Behind?

China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent Read more…

Cryptocurrency News

ECB to Set Objectives for Own Digital Currency, Lagarde Suggests

The European Central Bank (ECB) should determine objectives for its digital currency taskforce by mid-2020, ECB President Christine Lagarde said during her first policy meeting. What’s the Purpose of a Digital Euro? Earlier today, the ECB’s Governing Council met to decide the benchmark interest rate and the monetary policy. After the event, new ECB President Read more…

Bitcoin Cryptocurrency News

European Central Bank President Envisions Direct Digital Currency Use

The European Central Bank is exploring the potential for a digital currency, which would allow direct injections of liquidity to consumers, said Christine Lagarde, the bank’s new president. Digital Currency Optimism from IMF to ECB In her first hearing before the European Parliament as the head of the ECB, Lagarde continued spreading the message that Read more…

Bitcoin Blockchain Cryptocurrency News

Bitcoin Whale Moves 47,000 BTC ($338 Million) as China Cracks Down on Crypto

China’s recent crackdown on cryptocurrencies may have caused Bitcoin whales to move huge quantities of BTC.  China’s recent praises of blockchain technology do not seem to extend to Bitcoin and cryptocurrencies, as the country’s central bank launched another crackdown on crypto. The People’s Bank of China warned that ‘illegal actions’ involving digital assets would not Read more…

Blockchain Cryptocurrency News

China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to Read more…