Israeli central bank official says CBDC competition with banks is good for economy

While the impact of central bank digital currency (CBDC) on commercial banks has often been seen as a source of concern, Bank of Israel deputy governor Andrew Abir took a contrarian view in a speech published on the central bank’s website. Let the banks scramble to compete, he said, in essence. Years of effort to increase competition in the Israeli banking sector have paid off in a variety of ways,

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Bitcoin Could Be Repeating 2019 Fakeout Rally, According to Analyst Jason Pizzino – Here’s Why

A widely followed crypto analyst believes Bitcoin may be repeating a 2019 market structure that saw BTC consolidating for many months before launching a parabolic surge. In a new video update, crypto strategist Jason Pizzino tells his 323,000 YouTube subscribers that Bitcoin’s run to new all-time highs is reminiscent of its 2019 price action, when Bitcoin rose by about 4X before taking a breather for six months. According to Pizzino,

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Bitcoin ETF (BTC) Inflows Slow

“Many banks, endowments, and pension funds worldwide are only now beginning their due diligence processes before considering strategic allocations to BTC through newly launched ETFs,” Kerbage continued. “As these large financial institutions make decisions over the coming months, it is likely that inflows will increase once again, potentially reaching new milestones for what has been one of the most successful ETF launches in US history.” Source link

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Crypto News Digest by U.Today By U.Today

U.Today – U.Today presents the top three crypto news stories over the past day. and ETFs officially approved in Hong Kong As reported by @WuBlockchain X handle, yesterday, April 15, several spot Bitcoin and Ethereum exchange-traded fund (ETF) applications received official approval from the Hong Kong Securities and Futures Commission. Among the issuers greenlit by the regulator were HashKey, Bosera Capital and China Asset Management. Last week, Bloomberg reported that

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Circle Passes SOC 2 Type 2 Cybersecurity Audit

Circle has completed a System and Organization Controls (SOC) 2 Type 2 audit. This audit follows the direction of the American Institute of Certified Public Accountants (AICPA) is evidence of the vigor of Circle’s security measures and commitment to the safety of client data. Contrary to a SOC 2 Type 1 report that examines the design of security systems at a specific moment, the Type 2 audit gauges the effectiveness

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New Bitcoin Whales Now Control 9% of BTC Supply Amid ‘Very Active’ On-Chain Accumulation: CryptoQuant CEO

Newly created Bitcoin whales reportedly hold a record amount of BTC to the point of controlling 9% of the total supply of coins. Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, shares data showing that short-term holder Bitcoin whales have become one of the primary cohorts of entities. Short-term holders are defined as those who have been holding their coins for less than 155 days. “New Bitcoin whales now

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Slothana Gains Momentum Ahead of Launch

Slothana, a Solana-based memecoin inspired by the popular Slerf character, has garnered attention, raising over $10 million in its crypto presale in less than three weeks after going live. The Slothana countdown is now set at 14 days on its website. By this, the official launch of the SLOTH token is scheduled for April 29. Why is Slothana Very Popular Among Memecoin farmers? Although the token is limited in utility

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GameFi ecosystem makes a comeback amid surging crypto prices

After a dormant 2022 and much-muted 2023, GameFi projects are making a comeback as the bull market rages. This week, move-to-earn protocol StepN announced it would partner with Adidas for a 1,000 Genesis Edition nonfungible tokens (NFT) drop on Solana. The launch is part of an ongoing one-year partnership between the two firms that will see a mixture of NFTs and wearable sneaker releases in the future. Each NFT sneaker

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Pro-XRP John Deaton’s Senate Campaign Boosted by Ripple Execs, Winklevoss Twins and Anthony Scaramucci: Report

John Deaton’s Massachusetts Senate campaign is reportedly pulling in donations from high-profile members of the crypto community. The attorney and vocal XRP supporter is running in the Republican primary which will determine who gets to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the most outspoken political critics of the digital asset sector. Deaton received maximum-level $6,600 individual campaign contributions from Ripple executives Brad Garlinghouse and Chris Larsen, according

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Is the Bitcoin (BTC) Price Rally Over? Reasons to Stay Bullish Despite Crypto Correction

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests

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