Thailand has recently imposed restrictions on cryptocurrency trading. The South-east Asian nation’s Securities and Exchange Commission (SEC) has implemented a ban on various types of blockchain currencies such as meme tokens and NFTs. According to the Thai SEC, the new rules aim to protect traders and users from cryptocurrencies that have “no clear target or substance” and […]
A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Ethereum reached a new all time high of $2’190 and […]
Central banks are concerned that they may lose the race for digital currencies to a private digital currency like Bitcoin (BTC). But Bitcoin and CBDCs are very different, with the former being of fixed supply while the latter are backed by fiat currencies. A brief comparison of the two. As digital assets grow in popularity, […]
Credit card company Mastercard announced this week that they will accept “select crypto currencies” as payment. Their focus will primarily be on centralized stable-coins and central bank digital currencies (CBDCs), not Bitcoin & Co. According to the company, there is no denying that digital assets are taking on an increasingly important role as a means of payment. […]
Unregulated stablecoins such as Tether face increasing regulatory pressure from the US government. A new bill called the Stable Act is stirring anxiety in crypto circles. It could effectively put an end to billions of dollars of transactions and throw the industry back several years. The Act calls for banking licenses for stablecoin issuers such as Tether. It […]
Christine Lagarde has identified privately-issued stablecoins as representing a greater risk to financial stability and the monetary sovereignty of the EU than cryptocurrencies like bitcoin. She has commented on the topic a few times before and proposes a digital Euro in the form of a CBDC. The European Central Bank (ECB) President says that volatile […]
An insatiable thirst for dollars, the race for the status of the global reserve currency and interest rates on the block chain. Many changes are underway in the structure of the global economy. Currencies, exchange rates and interest rates seem to be shaped by digitalization. We have seen an explosion in the demand for Stablecoins […]
A growing acceptance of Stablecoins could be the next step in a global financialisation, after private actors started to create dollar derivatives in the 1960s. Will crypto-dollarization lead to an upgrade of the Eurodollar system? It sounds paradoxical at first glance: while the Fed creates masses of dollars out of nothing, the greenback is not […]
