Russia has begun testing its own CBDC, the digital ruble. And the possibilities we have seen are truly frightening. If that is the future of currency, the word “freedom” may soon be only relegated to dictionaries. We have been watching developed democracies endlessly examine the prospect of introducing central bank digital currencies (CBDCs), consider various…
In a recent interesting report, the Financial Stability Board argues that cryptocurrency markets are evolving at a rate that could pose a threat to global financial stability, writes Nikolaos Akkizidis from LegacyFX. The three main reasons for this assessment are: Their scale. Their structural vulnerabilities. The increasing interconnectedness with the traditional financial system. Also, the…
The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. The financial business is already anticipating a surge in the mass adoption of cryptocurrencies….
The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. Analysts of the large American financial holding Wells Fargo Bank believe that the global…
According to the Chainalysis report, crypto-based crime hit an all-time high in 2021, with illicit addresses receiving $14 billion over the year, up from $7.8 billion in 2020. Janey Young, the head of Global Investigations at Chainalysis, explained how blockchain analytics can help combat cryptocurrency crime in the UAE. The last 12 months have been…
The supply ratio has shrunk by 3%, and Bitcoin exchange supply is the lowest in 37 months. BTC exchanges now hold only 10.8% of the supply. Amid global adoption and holding trends, BTC owners have substantially moved their digital assets from trading platforms to crypto wallets in the last three years. Santiment’s recent data highlights…