US Federal Reserve says digital currencies can ‘coexist’ with cashThe global crypto market cap is $1.81 trillion with a 24-hour volume of $117.53 billion. The price of Bitcoin is $58,686.87 and the BTC dominance is at 60.5%.
Author: Shaurya Malwa Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
BlockDown is back for 2021!
Mark your calendars as BlockDown Conference returns for a 1 year anniversary special for its 4th iteration on April 15-16. BlockDown 4.0 will welcome a host of the most paramount personalities and experts from the crypto space, as the event celebrates the bull market of 2021 with keynotes, panels and topical discussion. Organisers EAK Digital, a leading blockchain marketing agency, are excited to welcome Francis Xavier Suarez - Mayor of Miami, Akon - Founder of Akoin and Sergey Nazarov - Co-Founder of Chainlink to speak at BlockDown 4.0. Attendees will experience new interactive and innovative ways to gain exclusive NFTs, join private backstage interactive sessions on the new social media platform, Clubhouse, and much, much more! Click below for your free BlockDown 4.0 ticket. More news ⏬SkyBridge Capital CEO says Elon Musk owns over $5 billion in Bitcoin through Tesla and SpaceXElectric car giant Tesla’s $1.5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today. Coinbase launches Cardano (ADA) trading on retail appMajor US cryptocurrency exchange Coinbase has announced that Cardano (ADA) trading is now available on its platform. Litecoin (LTC) ‘daily’ addresses have grown 6x since 2020The number of active addresses on Litecoin, the world’s ninth-largest cryptocurrency by market cap, has grown by over six-fold in the past year, data from on-chain analytics service Glassnode shows. Deutsche Bank report: “Bitcoin is too big to ignore”Now that the crypto market is worth over $1.8 trillion, Deutsche Bank stated that Bitcoin is “too big to ignore,” according to a report. US courts deny ‘XRP holders’ from intervening in Ripple v SEC caseXRP holders got a setback this week even as Ripple and the US Securities and Exchange Commission (SEC) battle out an alleged securities case. Bitcoin is slow, impractical, and eco-unfriendly, says Bank of AmericaBitcoin (BTC) is “exceptionally volatile,” “impractical,” and extremely harmful to the ecosystem, said Bank of America’s (BofA) analyst in a research report cited by TheStreet today. Scaramucci says Bitcoin is changing the world as Copernicus did in the 1500sAnthony Scaramucci appeared on CNBC’s Squawk Box to talk Bitcoin. This is what Cointelegraph’s Kristina Lucrezia Cornèr finds MOST important in the crypto world
Ask people about crypto and they are likely to talk about price, trends, NFTs, or maybe scams. But few take a step back to ponder about the fundamental drivers of the $1.7 trillion market, which—depending on whom you ask—either memed itself to this point or fought off every untoward step and emerged stronger. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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US Federal Reserve says digital currencies can ‘coexist’ with cash