1075 days ago
Comparing current Bitcoin bull market with 2013 and 2017
Bitcoin in 2021 versus previous bull markets
1077 days ago
The buzz surrounding a potential central bank-backed digital currency grew louder this week, as the Bank of England and Treasury announced they would launch a taskforce to look into a potential digital pound.
Dubbed "Britcoin" by the press, the BoE said any UK digital currency would be a new form of digital money that could be used by both households and businesses. It would exist alongside cash and bank deposits, rather than replacing them. Both the BoE and Treasury stressed they were simply exploring the idea and are not committed to launching "Britcoin".
Interest in central bank digital currencies — often abbreviated to just CBDC – has evolved from the growth of decentralised digital currencies such as bitcoin (BTC-USD) and ethereum (ETH-USD), which have taken markets by storm.
1077 days ago
The value of most cryptocurrencies plunged today, with Bitcoin falling under the $50,000 mark. Ethereum fell more than 11% while Ripple lost over 22% of its value. It is unclear what triggered this massive sell-off, but cryptos are known for their sometimes wild price swings.
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