Bitcoin Volatility Reaches 16 Month Low19-10-2020
Although volatility is the lowest figure in the last 16 months, it still represents a sizable premium, especially for long-term options. It is possible to say that as Bitcoin becomes more stable, it will take place in our lives much more strongly in the future.
Russian Banks Ready for Digital Ruble
Russian banks agreed with the Central Bank on CBDCs. Five Russian banks announced their readiness to pilot the Digital Ruble proposed by the Central Bank of Russia following the publication of the public consultation report. Along with this project, it is also foreseen that these five Russian banks will pay their employees in the form of Digital Ruble.
XLM Experienced Sudden Rise with New Collaboration
The stablecoin USD Coin (USDC), backed by the financial firm Circle, announced that it will use the Stellar network from now on and process transactions with Stellar-based USDC for payments. With this news, it increased by about 10%.
The Transfer Of Payment With Digital Yuan Has Started
The Central Bank of China's cryptocurrency project, Digital Yuan, has gradually adapted to daily life and started to be seen as payment management. The Central Bank digital currency (CBDC) can now be used at Shenzhen Gas Stations. Digital Yuan can be used not only for gasoline or gas purchases but also for purchases made from gas station markets.
Icrypex Became The First Turkish Cryptocurrency Exchange To List AVAX!20-10-2020
Avalanche (AVAX), which was created by Turkish computer scientist Emin Gün Sirer using an original consensus protocol, started to be traded on Icrypex. AVAX enables the development of decentralized applications (dApps) and decentralized finance (DeFi) protocols.
95% of Winners in China's CBDC Lottery Spend Digital Yuan Awards
Shenzhen launched a program to promote digital Yuan with a public gift on October 9. The raffle organizers have announced that if the winners do not spend by October 18, they will take back the unused digital Yuan packs. Some winners not only spent their digital Yuan but also purchased another 901,000 yuan ($ 134,000) to add to their wallets.
Important Digital Currency Statements by the President of the US Federal Reserve (Fed)
President Powell made statements that "the Libra project is encouraging central banks towards the digital currency system." On behalf of the Fed, he said that digital currencies can improve transfers, but they have not yet decided to issue a CBDC, and he said, "It is necessary to cooperate with the private sector in terms of CBDC."
"Digital Money" Warning from IMF
Powell warned that digital currencies may bring along some risks and difficulties as well as their benefits and that "it may reduce the ability of local governments to conduct monetary policy". In addition, it was mentioned that cross-border payments can be as easy as sending an e-mail.
Japanese Major Financial Institutions Launch Blockchain-Based Digital Identity21-10-2020
Mizuho Bank, Japan's third-largest bank, and the country's local payments giant Japan Credit Bureau (JCB) are preparing to issue a digital identity based on blockchain technology. The new system, announced by Fujitsu on its official website, will use a blockchain solution developed by Fujitsu Lab.
Trump Seeks A Larger Economic Stimulus Package
US President Trump's announcement caused movement in both BTC and altcoins. Donald Trump said he was willing to go beyond the $ 1.8 trillion bid for a virus aid plan already offered by Nancy Pelosi.
Cryptocurrencies Are Almost As Popular As Gold Among Russian Investors
The World Gold Council, a giant market development organization in the gold industry, published a report on individual gold investments in Russia on 20 October. When the investments made in Russia in the last 12 months are examined, cryptocurrencies with 17% slice ahead of gold in 16%.
Messaging Giant CBDC Develops Platform
South Korean internet search engine company Naver's Tokyo-based subsidiary Line is building a platform for developing digital currencies, according to Chosun Ilbo.
Digital Currency Statement by German Central Bank22-10-2020
Burkhard Balz, a politician and board member of the German Central Bank, made statements about the digital Euro. He said that they look favorably on the idea of the digital euro, but CBDC, the Central Bank Digital Currency, is a political decision, not a technical one.
London-Based Fintech Firm Reserves Into Bitcoin
Fintech firm Mode announced that it will use 10% of its reserve to buy Bitcoin. The company, which is traded on the London Stock Exchange, will invest a large part of the 7.5 million pounds it collected to Bitcoin.
Institutional Investments in Bitcoin Markets Raised ATV Rate
The Bitcoin average transaction value (ATV) has risen by a record; 500% in the last 4 months. ATV, which was around $ 25,000 in the previous periods, saw $ 151,000 in October. Analysts argued that the rise in institutional investments along with the transaction volume reinforced Bitcoin's presence in the market.
PayPal Will Allow Use Of The Cryptocurrencies By 2021
PayPal, one of the largest global payment providers with 346 million active accounts and $ 222 billion in volume processed in the second quarter of 2020, said its customers will be able to use cryptocurrencies to shop from 26 million merchants in its network from the beginning of 2021. In addition to cryptocurrency payments, PayPal users will also be able to purchase crypto directly from the app.
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