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Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and Stablecoins. 
  • Pieces thus far have focused on the ECB’s ‘digital euro’ initiative and the Fed’s classification of CBDC literature to date. 
  • This week’s column starts with an overview of Norges Bank’s third CBDC report, which considers the potential impact CBDC issuance would have on bank funding markets and overall financial system stability.
  • Lastly, a look at Norges Bank Deputy Governor Ida Wolden Bache’s presentation on CBDC and real-time payments at ‘Finance Norway’s Payments Conference.’

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2020 U.S. CBDC Highlights

Quick Take

  • A compilation of The Block’s coverage of U.S. specific CBDC developments in 2020

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A Dubai investment firm is staking $10 million worth of ETH to support the Eth2 launch

IBC Group, a Dubai-based boutique investment firm, is staking $10 million worth of ether (ETH) to support the Ethereum 2.0 launch.

The post A Dubai investment firm is staking $10 million worth of ETH to support the Eth2 launch appeared first on The Block.

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Bitcoin Indicator Suggests Bull Market Is Still in Early Phase

The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high.

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Crypto Exchange Liquid Says User Data Possibly Exposed in Security Breach

Customers registered with the Liquid exchange may have had their data exposed to bad actors, the company said Wednesday. Also see: Over $280M Drained in KuCoin Crypto Exchange Hack

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Alleged Promoter of BitConnect Crypto Scam Charged in Australia

The accused faces a lengthy prison sentence if convicted.

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Crypto investors exhibit ‘extreme greed’ as bitcoin crosses $18,000

The current sentiment of the cryptocurrency market is showing “extreme greed,” according to Crypto Fear & Greed Index by tracker Alternative.me.

The post Crypto investors exhibit ‘extreme greed’ as bitcoin crosses $18,000 appeared first on The Block.

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Mexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin

Billionaire founder of Grupo Salinas, Ricardo Salinas Pliego said: “Bitcoin protects the citizen from government expropriation.”

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Grayscale’s crypto funds cross $10 billion in total AUM

Crypto asset manager Grayscale is now managing more than $10 billion worth of assets across its funds.

The post Grayscale’s crypto funds cross $10 billion in total AUM appeared first on The Block.

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Bitcoin Closes in on All-Time High as it Blasts Through $18K

Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto.

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