Tag: Factors

Bitcoin returns to test $40K as macro factors pile up to squash BTC bulls

[ad_1] Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Europe stocks sink on Friday open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching lows of $40,800 on Bitstamp Friday after a major options expiry event. Overnight performance, initially showing a recovery, had been stymied by worries over a nuclear power plant fire in Ukraine. Stocks futures fell on the news, the severity of which was subsequently questioned. In Germany, the DAX index…

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ECB Paper Marks Success Factors for CBDCs, Digital Euro – Finance Bitcoin News

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[ad_1] A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used for Payments, Not Investment In order to create a successful CBDC, a monetary authority needs to establish the digital currency as a widespread means of payment and exchange that also has a sufficient store…

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