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Deputy Managing Director Tao Zhang discusses CBDCs, starting out by laying out the main pros and cons, as well as their international implications. He also discussed recent CBDC pilot experiences with these currencies and some variants and alternatives to CBDCs.
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International Money Exchange (Intermex), one of the world’s leading remittance companies, has announced that it will not be using Ripple and XRP for Mexico or its other core markets. This position comes as a surprise, as earlier this year the company embraced Ripple as a partner.
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Tether Treasury has been on a printing spree in the past two days, injecting some 180M USDT into the market in three separate batches of 60M USDT each.
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Quite a lot of the Chinese miners got themselves into trouble by being greedy. The miners thought the Bitcoin price would go up with the halving — and took out loans to buy mining equipment. Then many of them held their mined bitcoins, instead of cashing them in. This left them broke, and they had to dump their coins — sending the price down further.
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Bidders have already committed to buying Maker (MKR) tokens for a total of $2 million in Dai (DAI) as the first phase of the MakerDAO debt auction reaches its final stages. The majority of the current winning bids were placed at around 1:25 a.m. EST, March 20, so unless further bids come in, most of the lots will be sold at around 7:25 a.m. EST.”
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To restore Dai’s $1 peg, negative interest rates may be necessary. But apparently @MakerDAO’s current code-base doesn’t allow for negative numbers. Better get coding, quick!
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“This post reviews what the authorities like central banks have done up till now with the banknotes they issue. And then I’ll discuss what science has to tell us about banknotes and pathogens.”
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In the Fall of 2019, something happened. We’re still not sure what it was, but it appears a bunch of new investors started buying bitcoin, according to data created by cryptocurrency data firm, CoinMetrics and others. Very little is known about this spending spree, but from September to December, those investors filled up their coffers with crypto.
