European Central Bank Prez Blasts Bitcoin, Praises Digital Euro Efforts
Bitcoin and private stablecoins come with a whole host of risks, said the president of the European Central Bank in a new article.
In brief
▪️Christine Lagarde, president of the ECB, penned an article about the possible introduction of a digital euro.
▪️She spoke of a digital euro that could complement cash.
▪️However, Lagarde explained why Bitcoin can't yet fulfill "all the functions of money."
✍️By Robert Stevens✍️
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⭕️ @breakingbitcoin ⭕️
Bitcoin and private stablecoins come with a whole host of risks, said the president of the European Central Bank in a new article.
In brief
▪️Christine Lagarde, president of the ECB, penned an article about the possible introduction of a digital euro.
▪️She spoke of a digital euro that could complement cash.
▪️However, Lagarde explained why Bitcoin can't yet fulfill "all the functions of money."
✍️By Robert Stevens✍️
Join Now 👇
⭕️ @breakingbitcoin ⭕️
Tezos Will Get Zcash’s Privacy Features in Next Upgrade
Key features of the Zcash blockchain are going to be merged onto the Tezos blockchain, giving its users optional privacy.
In brief
▪️Tezos developers have revealed the next upgrade proposal dubbed "Edo."
▪️The implementation of Zcash's library Sapling will allow "shielding" transactions on Tezos.
▪️Another new feature is a ticket system that allows smart contracts to grant portable permissions or issue tokens.
✍️By Liam Frost✍️
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⭕️ @breakingbitcoin ⭕️
Key features of the Zcash blockchain are going to be merged onto the Tezos blockchain, giving its users optional privacy.
In brief
▪️Tezos developers have revealed the next upgrade proposal dubbed "Edo."
▪️The implementation of Zcash's library Sapling will allow "shielding" transactions on Tezos.
▪️Another new feature is a ticket system that allows smart contracts to grant portable permissions or issue tokens.
✍️By Liam Frost✍️
Join Now 👇
⭕️ @breakingbitcoin ⭕️
Grayscale Splits Ethereum Stock Worth $1.6 Billion, Making It Cheaper to Buy
In brief
▪️Grayscale is slashing shares in the Grayscale Ethereum Trust into nine pieces.
▪️This will make individual shares in the trust cheaper.
▪️It won't affect the total value of the fund.
✍️By Robert Stevens✍️
Grayscale, a crypto investment fund, is splitting its stock. This makes it more accessible to the masses. In brief
▪️Grayscale is slashing shares in the Grayscale Ethereum Trust into nine pieces.
▪️This will make individual shares in the trust cheaper.
▪️It won't affect the total value of the fund.
✍️By Robert Stevens✍️
PayPal CEO Is 'Very Bullish on Digital Currencies of All Kinds'
PayPal CEO Dan Schulman says he is optimistic on all kinds of digital currencies and that cryptocurrency's "time is now."
In brief
▪️PayPal CEO, Dan Schulman, spoke about the future of cashless payments today.
▪️He said he is bullish on all types of digital currencies, especially as a result of the COVID pandemic.
▪️His statements today build on previous commentary about the positive future for cashless payments.
✍️By Scott Chipolina✍️
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⭕️ @breakingbitcoin ⭕️
PayPal CEO Dan Schulman says he is optimistic on all kinds of digital currencies and that cryptocurrency's "time is now."
In brief
▪️PayPal CEO, Dan Schulman, spoke about the future of cashless payments today.
▪️He said he is bullish on all types of digital currencies, especially as a result of the COVID pandemic.
▪️His statements today build on previous commentary about the positive future for cashless payments.
✍️By Scott Chipolina✍️
Join Now 👇
⭕️ @breakingbitcoin ⭕️
Bank of Canada May Be Accelerating Digital Currency Plans
The pandemic is apparently forcing the Bank of Canada to rethink its timeline for a central bank digital currency, according to Timothy Lane.
In brief
▪️The Bank of Canada said earlier this year it wasn’t planning to implement a digital currency any time soon.
▪️The bank planned to develop one only as a contingency, should the need arise.
▪️Now, Timothy Lane, a deputy governor of the Bank, says the pandemic may have accelerated some of the necessary preconditions for a potential CBDC.
✍️By Will Gottsegen✍️
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⭕️ @breakingbitcoin ⭕️
The pandemic is apparently forcing the Bank of Canada to rethink its timeline for a central bank digital currency, according to Timothy Lane.
In brief
▪️The Bank of Canada said earlier this year it wasn’t planning to implement a digital currency any time soon.
▪️The bank planned to develop one only as a contingency, should the need arise.
▪️Now, Timothy Lane, a deputy governor of the Bank, says the pandemic may have accelerated some of the necessary preconditions for a potential CBDC.
✍️By Will Gottsegen✍️
Join Now 👇
⭕️ @breakingbitcoin ⭕️
#Bitcoin is now the 7th largest currency in the world. Not bad for only 12 years. What do you think? $BTC
Join Now 👇
⭕️ @BreakingBitcoin ⭕️
Join Now 👇
⭕️ @BreakingBitcoin ⭕️
Ethereum Addresses Holding 1 ETH Tops All-Time High
Interest in Ethereum continues to grow as the price heats up.
In brief
▪️The number of Ethereum addresses holding one of more ETH has hit new highs.
▪️Metrics site Glassnode puts the figure at 1,175,681.
▪️The number has been on the up this year—but still hasn’t increased like it did during the 2017/2018 bull run.
✍️By Mathew Di Salvo✍️
Join Now 👇
⭕️ @BreakingBitcoin ⭕️
Interest in Ethereum continues to grow as the price heats up.
In brief
▪️The number of Ethereum addresses holding one of more ETH has hit new highs.
▪️Metrics site Glassnode puts the figure at 1,175,681.
▪️The number has been on the up this year—but still hasn’t increased like it did during the 2017/2018 bull run.
✍️By Mathew Di Salvo✍️
Join Now 👇
⭕️ @BreakingBitcoin ⭕️
Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K
Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. Eyeing the 8-day exponential moving average (EMA), popular trader Cheds noted its strength as intraday resistance continuing into September.
The largest cryptocurrency looked increasingly unable to flip $20,000 to firm support as the weekend began, and the mood among market participants was jaded. United States equities closed out a troublesome week, the S&P 500 down 2.7% and Nasdaq Composite Index 3.25%, respectively. Oil prices fell in Europe on the announcement of a Russian price cap potentially taking shape at the end of the year, despite implications tied to price increases should Russia itself retaliate.
Source
Join Now 👇
⭕️ @breakingbitcoin ⭕️
Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. Eyeing the 8-day exponential moving average (EMA), popular trader Cheds noted its strength as intraday resistance continuing into September.
The largest cryptocurrency looked increasingly unable to flip $20,000 to firm support as the weekend began, and the mood among market participants was jaded. United States equities closed out a troublesome week, the S&P 500 down 2.7% and Nasdaq Composite Index 3.25%, respectively. Oil prices fell in Europe on the announcement of a Russian price cap potentially taking shape at the end of the year, despite implications tied to price increases should Russia itself retaliate.
Source
Join Now 👇
⭕️ @breakingbitcoin ⭕️
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