-
BTC 66,253.80 (-0.04%) -
ARS 1,095.40 (+0.61%) -
ETH 3,030.30 (+0.88%) -
SOL 167.92 (+3.55%) -
PEPE <0.01 (-6.30%) -
BOME 0.01 (-7.10%) -
RUNE 6.94 (+5.94%) -
LINK 16.62 (+20.17%) -
DOGE 0.15 (-1.52%) -
WIF 2.85 (-4.95%) -
XRP 0.52 (+0.04%) -
PEOPLE 0.05 (-4.90%) -
NEAR 8.23 (+0.29%) -
FTM 0.81 (-1.13%) -
FLOKI <0.01 (-2.76%) -
ENA 0.71 (-0.98%) -
RNDR 10.05 (-4.24%) -
JTO 4.61 (-3.19%) -
AVAX 36.41 (+5.20%) -
SUI 1.06 (+1.01%) -
BONK <0.01 (-7.29%) -
WLD 4.89 (-1.41%) -
AR 48.19 (+9.54%) -
ADA 0.48 (+5.55%) -
AEVO 0.82 (-4.53%) -
ICP 12.82 (+4.09%) -
ETHFI 3.39 (-4.29%) -
SEI 0.56 (-4.51%)
BOE governor trashes crypto stablecoins in favor of enhanced digital money
Published: 2023-07-10
Main topics in the article:
1. Bank of England (BoE) governor criticizes cryptocurrencies and stablecoins - The governor of the Bank of England,Andrew Bailey,has expressed his criticism towards cryptocurrencies and stablecoins. He believes that these digital currencies are not suited to be used as a stable store of value or medium of exchange due to their high volatility and lack of regulation.
2. BoE plans to develop enhanced digital money - Instead of supporting cryptocurrencies,the Bank of England plans to focus on developing its own enhanced digital money. This digital currency will be designed to address the shortcomings of cryptocurrencies and stablecoins,such as stability,regulatory compliance,and security.
3. Benefits and risks associated with digital currencies - The article discusses the potential benefits and risks associated with digital currencies. While digital currencies can offer faster and more efficient payment systems,they also present challenges in terms of security,financial stability,and privacy. The Bank of England aims to strike a balance between innovation and regulation to ensure the safe implementation of digital currencies.
1. Bank of England (BoE) criticizes cryptocurrencies and stablecoins: The governor of the Bank of England,Andrew Bailey,has publicly criticized cryptocurrencies and stablecoins. He argues that digital currencies lack the necessary characteristics to function effectively as a stable store of value or medium of exchange. According to Bailey,the high volatility and absence of regulation in the crypto market make it unsuitable for these purposes.
2. BoE's focus on developing enhanced digital money: Instead of embracing cryptocurrencies,the Bank of England aims to develop its own enhanced digital money. This digital currency will be designed to address the shortcomings of cryptocurrencies and stablecoins. The primary focus will be on stability,regulatory compliance,and security,ensuring that the digital currency can successfully fulfill the requirements of a reliable and efficient payment system.
3. Benefits and risks associated with digital currencies: The article highlights the potential benefits and risks associated with digital currencies. On one hand,digital currencies can offer faster and more efficient payment systems,potentially improving financial transactions for individuals and businesses. However,there are concerns regarding security,financial stability,and privacy. The Bank of England recognizes the importance of striking a balance between innovation and regulation to ensure the safe implementation of digital currencies. Overall,the article emphasizes the Bank of England's cautious approach towards cryptocurrencies and stablecoins and its determination to develop an enhanced digital currency that addresses the limitations of existing digital currencies. The focus is on stability,regulatory compliance,and security,while taking into account the potential benefits and risks associated with digital currencies.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
66,253.80 | 2,024,340,909.56 |
| 2 | ARS |
1,095.40 | 1,367,914,670.70 |
| 3 | ETH |
3,030.30 | 1,011,922,963.83 |
| 4 | SOL |
167.92 | 734,539,972.47 |
| 5 | PEPE |
<0.01 | 376,752,669.01 |
| 6 | BOME |
0.01 | 185,101,609.85 |
| 7 | RUNE |
6.94 | 173,783,054.10 |
| 8 | LINK |
16.62 | 172,407,818.08 |
| 9 | DOGE |
0.15 | 168,519,208.96 |
| 10 | WIF |
2.85 | 167,128,174.05 |
| 11 | XRP |
0.52 | 158,993,251.36 |
| 12 | PEOPLE |
0.05 | 152,948,735.89 |
| 13 | NEAR |
8.23 | 143,145,966.73 |
| 14 | FTM |
0.81 | 134,165,500.26 |
| 15 | FLOKI |
<0.01 | 121,000,765.77 |
| 16 | ENA |
0.71 | 99,366,267.59 |
| 17 | RNDR |
10.05 | 93,874,500.08 |
| 18 | JTO |
4.61 | 72,946,861.18 |
| 19 | AVAX |
36.41 | 72,167,076.98 |
| 20 | SUI |
1.06 | 68,812,722.29 |
| 21 | BONK |
<0.01 | 67,278,933.10 |
| 22 | WLD |
4.89 | 64,972,463.30 |
| 23 | AR |
48.19 | 60,649,533.46 |
| 24 | ADA |
0.48 | 49,553,203.02 |
| 25 | AEVO |
0.82 | 48,348,352.69 |
| 26 | ICP |
12.82 | 47,779,637.56 |
| 27 | ETHFI |
3.39 | 45,870,914.84 |
| 28 | SEI |
0.56 | 44,306,058.39 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | LINK |
16.62 | +20.17 |
| 2 |  LOOM |
0.10 | +16.48 |
| 3 |  LDO |
1.80 | +12.31 |
| 4 | AR |
48.19 | +9.54 |
| 5 |  API3 |
2.60 | +7.79 |
| 6 |  BICO |
0.51 | +7.72 |
| 7 | RUNE |
6.94 | +5.94 |
| 8 |  RSR |
<0.01 | +5.89 |
| 9 |  MTL |
1.96 | +5.84 |
| 10 | ADA |
0.48 | +5.55 |
| 11 |  POLYX |
0.43 | +5.40 |
| 12 |  RAY |
1.84 | +5.38 |
| 13 |  HBAR |
0.12 | +5.34 |
| 14 | AVAX |
36.41 | +5.20 |
| 15 |  SSV |
38.45 | +5.17 |
| 16 |  PYR |
4.49 | +4.46 |
| 17 |  BCH |
474.70 | +4.12 |
| 18 | ICP |
12.82 | +4.09 |
| 19 | ![Quickswap [OLD] title=](https://titdoi.com/coins-images-mini/QUICK-quick.webp){kind=small} QUICK |
0.06 | +4.07 |
| 20 |  PENDLE |
4.57 | +4.05 |
| 21 |  THETA |
2.23 | +4.02 |
| 22 |  ETC |
28.16 | +3.57 |
| 23 | SOL |
167.92 | +3.55 |
| 24 |  SNX |
2.70 | +3.41 |
| 25 |  LSK |
2.01 | +3.39 |
| 26 |  MATIC |
0.71 | +3.04 |
| 27 |  PIVX |
0.34 | +2.96 |
| 28 |  METIS |
60.28 | +2.94 |
| 29 |  CFX |
0.22 | +2.71 |
| 30 |  ENJ |
0.31 | +2.66 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | BONK |
<0.01 | -7.29 |
| 2 | BOME |
0.01 | -7.10 |
| 3 |  REZ |
0.11 | -6.95 |
| 4 |  BLZ |
0.36 | -6.74 |
| 5 |  RPL |
19.45 | -6.58 |
| 6 | PEPE |
<0.01 | -6.30 |
| 7 |  RIF |
0.16 | -5.57 |
| 8 |  TNSR |
0.86 | -5.53 |
| 9 |  STX |
2.05 | -5.14 |
| 10 | WIF |
2.85 | -4.95 |
| 11 |  FARM |
67.74 | -4.95 |
| 12 | PEOPLE |
0.05 | -4.90 |
| 13 |  BAKE |
0.28 | -4.65 |
| 14 |  HIGH |
4.73 | -4.58 |
| 15 |  COS |
0.01 | -4.55 |
| 16 | AEVO |
0.82 | -4.53 |
| 17 | SEI |
0.56 | -4.51 |
| 18 |  FIO |
0.03 | -4.44 |
| 19 |  RLC |
3.24 | -4.34 |
| 20 | ETHFI |
3.39 | -4.29 |
| 21 | RNDR |
10.05 | -4.24 |
| 22 | W | 0.55 | -4.19 |
| 23 |  MEME |
0.03 | -4.19 |
| 24 |  DATA |
0.05 | -4.15 |
| 25 |  CYBER |
7.44 | -4.12 |
| 26 |  TAO |
382.80 | -4.08 |
| 27 |  VIC |
0.42 | -4.03 |
| 28 |  LEVER |
<0.01 | -3.99 |
| 29 |  PIXEL |
0.36 | -3.96 |
| 30 |  1000SATS |
<0.01 | -3.81 |
Bitcoin's Greed and Fear Index.
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| at | news | day | date | time |
|---|---|---|---|---|
| 1 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 2 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 3 | FOMC Member Daly Speaks | Friday | 17-05-2024 | 17:15 |
| 4 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
