Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.
Following JPMorgan CEO Jamie Dimon's recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties.
It looks like Polkadot (DOT) is now closer to launching the much-awaited parachains and expanding the Polkadot ecosystem. On Wednesday, October 13, after five years of development, Polkadot founders Gavin Wood and Robert Habermeier announced that the blockchain is capable of supporting its first parachains.
Recently, Federal Reserve chairman Jerome Powell testified before the House Financial Services Committee. Perhaps most notably, Powell stated there was “no intention to ban” cryptocurrencies.
Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site.
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” to think that this might not be the case for very much longer.
Amid rising fervor for a Bitcoin ETF approval in the United States, the Australian Securities Exchange (ASX) is all set to feature its very first cryptocurrency-focused ETF. Australian ETF provider BetaShares is close to launching the “BetaShares Crypto Innovators ETF,” which will have the ticker code “CRYP.”
The popularity of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has briefly overtaken the popularity of its rival Dogecoin ($DOGE) and of other popular cryptocurrencies including bitcoin itself.