VISA has collaborated with Crypto.com and Anchorage to make settlements in USDC stablecoins.
China is seeking global co-operation with fair rules for the working of CBDCs among global central banks.
During this week of the year, the cryptocurrency market has continued its path of volatility. While the most coin prices have mostly moved sideways, bitcoin fell approximately $10K from its all-time high, creating a short wave of panic selling.
Fidelity Investments is the latest to join the Bitcoin ETF race in the market while CBOE is once again willing to launch its Bitcoin Futures.
Tesla CEO Elon Musk said that the company shall be running its own Bitcoin nodes and will be further holding all BTC received as payments.
The Fed Chairman stated that cryptocurrencies are in no way substitute to the U.S. Dollar. He also spoke about the developments with the Digital Dollar.
Skybridge Capital said that the shares of its Bitcoin ETF Trust shall be listed on the NYSE Arca exchange. It asks investors to do their due diligence before investing in such Bitcoin derivative products.
The cryptocurrency market has seen quite a bit of volatility, expressed by abrupt price rises followed by prices settling down to slightly lower levels. Resistances have been tested, however, and it looks like the market’s bull run is still in swing.
Crypto loans show great promise in increasing users’ liquidity in hopes of profiting off emerging opportunities.
Powell’s comments on no interest-rate hikes provided major boost to the BTC price which surged 6% going above $59,000 once again.