The correlation between bitcoin and Nasdaq, S&P 500 over the past 90 days has hit its lowest level since July 2021, as reported by Block Scholes, a renowned analytics firm specializing in crypto derivatives.
Consequently, the regulatory scrutiny of the SEC may be somewhat constrained in its scope.
On Sunday, a staggering amount of over 9.3 million tokens will become accessible, accounting for approximately 1.2% of AXAX's overall supply.
CBDC impact on virtual currencies like Bitcoin, Dogecoin, Matic etc. According to Patel, CBDC’s might have a negligible direct impact on private digital currencies such as Bitcoin, Matic, Doge, etc. These private cryptocurrencies are based on ‘decentralization’.
Central bank digital currencies (CBDCs) are moving from conceptual analysis to practical design, and regulators are concerned about the potential impacts of crypto-assets.
In what way would CBDC differ from Bitcoin? From a taxonomy point of view, digital money is a currency not held in physical form. It can either be token- (digital) or account-based. Crypto currency, like Bitcoin, is digital money in token format, which is supported by blockchain technology.
CBDC's will entirely wipe out the challenges that accompany the lack of physical currency, thereby allowing a vast majority of the population access to financial services. We can all agree central bank digital currency will lead to an increase in the size of the economy.
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