As European Risks Rise, Bitcoin Price Reacts Positively
Discussing the latest central bank news, emerging financial risks in Europe, Japanese inflation and more.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s "Fed Watch," we got an update on the European Central Bank (ECB), used a candy to make the Bank of Japan interesting and we talked about recent troubles with BlockFi and bitcoin lending."Fed Watch" is a podcast for people interested in central bank current events. Bitcoin will consume central banks one day, so understanding and documenting how that is happening is....
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The price of bitcoin has just hit a historic milestone in a turbulent year, crossing the $20,000 threshold, refreshing its all-time high, and well-known crypto advocates such as Edward Snowden have been reacting to the news on social media. Snowden Reacts to Bitcoin All-Time Highs The famous American whistleblower published a brief but widely discussed statement among his followers on bitcoin: One word: bitcoin The tweet just came days after he also remembered his call on a BTC price comment he made back on March 13, 2020: This is the first time in a while I’ve felt like buying....
This article has been updated to include responses to the EBA by the Bitcoin Foundation and the UK Digital Currency Association. The European Banking Authority (EBA) has published an 'opinion' warning financial institutions to stay away from digital currencies until the industry is regulated. In the document, which was addressed to the EU council, European Commission and European Parliament, the EBA set out new requirements for the regulation of digital currencies and also instructed financial institutions not to buy, hold or sell digital currencies until new rules are in place. The EU....
The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of the downswing. The consistent push by the bears have caused the altcoin to experience less to almost no recovery. The technical of the coin also pointed towards further fall in price before Ethereum starts to rise on the chart again. In the recent developmental front, the altcoin has....
An ESMA report views crypto assets’ volatility in the first half of 2021 as an indication of “possible market exuberance.” The European Securities and Markets Authority (ESMA) has published its report on trends, risks and vulnerabilities in the European Union markets during the first half of 2021 (1H21).Its takeaways included the argument that crypto markets’ extraordinary volatility and growth make a compelling case for the need for a targeted regulatory regime, as sketched out in the European Commission’s proposed Markets in Crypto-Assets regulations.Much has been riding on the EU and....
The European Banking Authority on Friday released an "opinion" report on virtual currencies, which has just started to make its rounds across the crypto-community. The 46-page report (which we have embedded below for your review) takes many different elements into account here, but also makes some statements that community members may find controversial. From the report's executive summary: While there are some potential benefits of VCs [virtual currency], for example, reduced transaction costs, faster transaction speed and financial inclusion, these benefits are less relevant in the....