• Long-term Bitcoin investors are purchasing from jittery short-term sellers

    Long-term Bitcoin investors are purchasing from jittery short-term sellers0

    Fidelity’s director of global macro, Jurrien Timmer, claimed that Bitcoin (BTC) could be “cheaper than it appears,”. Timmer told his 126,000 Twitter followers that while Bitcoin’s price has gone back to 2020 levels. Its price-to-network ratio has plummeted to 2013 and 2017 levels, indicating that it is undervalued. The price-to-network ratio is a crypto-version of

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  • The DTCC has unveiled a prototype to enable the Federal Reserve’s digital currency

    The DTCC has unveiled a prototype to enable the Federal Reserve’s digital currency0

    The Depository Trust & Clearing Corporation (DTCC), one of the leading financial service providers in the United States, has announced “Project Lithium,” a pilot program to test infrastructure in support of a digital currency based on blockchain technology in the United States. The DTCC stated in a statement on Tuesday that Project Lithium is based

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  • ANZ is the first bank in Australia to mint a digital currency

    ANZ is the first bank in Australia to mint a digital currency0

    Australia’s ANZ Bank has become the country’s first major financial institution to produce and accept payment of a stablecoin tied to the country’s currency. ANZ announced on Wednesday that it had successfully produced $30 million worth of its bank-backed A$DC stablecoin using an Ethereum Virtual Machine (EVM) compliant smart contract deployed through the Fireblocks platform.

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