Privately Issued, Regulated Digital Crypto Might Better than CBDC, Says Australian Central Bank

A key regulator has challenged the notion that cryptocurrencies are risky investment assets. Phillip Lowe, the Australian central bank governor, said on Sunday that consumer-focused digital tokens issued by private firms could be better than central bank-issued tokens if the firms can be regulated appropriately. Many central banks across the globe are developing either retail … Read more

Southland Credit Union, NYDIG Partner For Bitcoin Services – Bitcoin Magazine

Southland Credit Union will offer services to its customers allowing them to buy, sell and hold bitcoin on a custodial platform. Southland’s custodial partner is bitcoin bank NYDIG, making them the second credit union in the region to offer NYDIG’s services. Users cannot transfer bitcoin from one wallet to another, instead a user would need … Read more

Sweden Prefers Using Electricity for Job Creation Activities than Bitcoin Mining

Sweden is at the crossroads of choosing to use electricity for job-creation projects or Bitcoin mining. The dilemma could be tough for this Northern European country to make a wise decision. In a recent interview with Bloomberg, Khashayar Farmanbar, Sweden’s Energy Minister, stated that it is more important to offer electricity for job-creating projects such … Read more

Real Scaling Solution For Bitcoin – Bitcoin Magazine

This is an opinion editorial by Knut Svanholm, author of “Bitcoin: Sovereignty Through Mathematics.” Bitcoin skeptics often claim that bitcoin doesn’t scale. They say that bitcoin’s on-chain transaction capacity of about seven transactions per second is too low, especially compared to the most common credit and debit card networks. These networks are centralized databases capable … Read more

76% of Financial Institutions Eyeing Crypto Adoption in Next 3 Years, Ripple Report Shows

More financial institutions intend to join the crypto bandwagon for various reasons like bridging the payment gap, according to a report by crypto solutions provider Ripple.  The Ripple report, “New Value: Crypto Trends in Business & Beyond,” highlights how the crypto space is revamping the finance landscape. The research highlighted: “76% expect to use … Read more

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin win back bear market support? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on … Read more

Bitcoin Endured Two Major Capitulation Events in H1, Glassnode Shows

Bitcoin (BTC) has experienced significant ups and downs in the first half year due to various uncertainties and events like the LUNA collapse. Glassnode believes the top cryptocurrency has persisted in two huge capitulation events so far in 2022. The market insight provider explained: “2022 has seen Bitcoin markets weather two enormous capitulation events, … Read more