Auto Added by WPeMatico

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC)…

Continue ReadingBank of Korea to Launch CBDC Payment Trial in Supermarkets

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could…

Continue ReadingImpact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

UBS Urges Caution Despite Positive US Economic Data

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the…

Continue ReadingUBS Urges Caution Despite Positive US Economic Data

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported…

Continue ReadingXapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

Bitcoin Soars Above $52K, Yet Public Interest Shows Decline, Google Trends Data Reveals

As bitcoin’s value surged to $52,545 this week, the fascination with it appears subdued, with Google Trends indicating a low level of interest. Currently, global metrics from the last 90…

Continue ReadingBitcoin Soars Above $52K, Yet Public Interest Shows Decline, Google Trends Data Reveals