The Mastercard CBDC testing platform presents a virtual testing environment for central banks to evaluate different uses-cases as well as the issuance, distribution and exchange among commercial banks and financial service providers.
This week has brought along slight levels of volatility, alongside price resistance testing for most cryptocurrencies, following the previous week’s drop in value.
The Morgan Stanley executive said that with concerns of rising inflation for 2021, the young and millennial generations prefers Bitcoin over gold as a potential hedge.
The Seoul Metropolitan Police continues its investigation at the Bithumb HQ for an alleged case of fraud involving the exchange chairman.
The pseudonymous SushiSwap creator exited completely by selling off his SUSHI holdings. Chef Nomi received massive heat from the community for his previously controlling half of the coins in the system.
BTC price peak of $12,035 was reported this week, whereas its lowest price was of $10,079. Thus, we’re talking about a $2,000 price difference over a few days. At this moment, the world’s favourite cryptocurrency is trading at $10,509.
BTC dives below $10,000 losing over $1000 in just 24 hours. However, it has made a partial recovery.
In a flash crash, BTC price tanked 5% slipping below $11,000 as investors rushed to liquidate some of the Bitcoin holdings.
Investors of the BXA tokens have pushed a legal case against Bithumb chairman and other executives for illicitly sending those funds overseas and failing to list the tokens.
Buterin said that the Yield Farming protocol personally appeal doesn’t appeal. Neither does he see it as a long-term sustainable means to generate cash flow.