Bakkt lost more than 6% on its first day of public trading
In its first day of trading in the open market, the price of Bakkt (BKKT) fell by more than 6 percent. When Bakkt (BKKT), an institutional and retail-facing digital asset platform established by the Intercontinental Exchange, closed its tumultuous first day of trading as a publicly traded business, the stock experienced a -6.4 percent drop […]
BTC price increases by 50% since China ‘selflessly’ banned Bitcoin mining
There is no amount of FUD that can keep Btc from rising, and China’s ban on cryptocurrency has once again boosted bulls. After 150 days, China has stopped Bitcoin mining, and the price of Bitcoin has only risen as a result of this decision. Chinese authorities created quite a stir five months ago when they announced […]
Facebook tests Novi cryptocurrency wallet with Coinbase and Paxos
Facebook has chosen Coinbase and Paxos as partners for its upcoming Novi digital wallet project, which began testing in the US and Guatemala on Tuesday. Once regulatory clearance is given, the social media giant will proceed with the launch of Novi , which will be accompanied by the Diem payment network. For its planned Novi […]
French central bank experiments with a blockchain-based CBDC for debt market
The French central bank is continuing to investigate a central bank digital currency (CBDC), having completed a major experiment of a blockchain-based CBDC in the country’s debt market. The Financial Times reported on Tuesday that around 500 institutions in France took part in a 10-month trial of a CBDC issued by Banque de France for […]
Russia wants to replace US dollar reserves with digital assets on a long term basis
Last week, Russian President Vladimir Putin said that using cryptocurrencies to settle oil contracts was “a bit early.” Russia’s Ministry of Foreign Affairs (MFA Russia) is apparently considering replacing the US dollar with not just traditional fiat currencies but also digital currencies as part of its de-dollarization campaign. In a Tuesday interview with local news agency […]