IT Giant TCS Launches Smart Solution For Cryptocurrency Trading
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- July 8, 2020
The Federal Reserve (Fed) of the United States has cautioned that a rise in interest rates and the use of stablecoins could endanger the US economy. The study offers the Fed’s assessment of the financial system’s vulnerability and recommendations for promoting financial stability. Two of the most notable points are that a fast rise in
READ MOREThe total cryptocurrency market value increased by over 5.4 percent, touching $40k price target after the US Federal Reserve announced a 50-basis-point rate hike, the largest since 2000. Following a 25 basis point hike in March — the first rate hike since December 2018 — the increase established a target range of 0.75 percent to
READ MOREThe 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
READ MOREThe Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s (MIT) Digital Currency Initiative released the preliminary findings of their central bank digital currency (CBDC) research this week. Also, This study is distinct from the Federal Reserve Board’s study on the digital dollar. The Federal Reserve just released its long-awaited CBDC report, as
READ MOREThe development of a digital dollar by America’s central bank, according to Michael Sonnenshein, CEO of crypto investment firm Grayscale Investments, the world’s largest digital currency asset manager, would generate tailwinds for Bitcoin. In a recent interview with CBNC’s “Squawk Box,” Sonnenshein suggested that the Federal Reserve’s creation of a digital currency would assist Bitcoin
READ MORETraders removed about $3 billion worth of Bitcoins off controlled exchanges as the first cryptocurrency’s price soared to $39,000 after the Federal Reserve kept the country’s key rate steady. However, while some traders and investors were relieved to see Bitcoin approaching $40,000, the presence of extra financial dangers on the market. Also, as Jerome Powell’s
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