Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BoJ
BoJ Says ‘Will Not Hike Borrowing Costs’, Crypto In Relief?
The post BoJ Says ‘Will Not Hike Borrowing Costs’, Crypto In Relief? appeared first on Coinpedia Fintech News BTC is trading above $57,000, 4% higher in the past 24 hours as cryptocurrencies are recovering from the Monday crash. Bank of Japan deputy governor Shinichi Uchida said that the central bank would not hike borrowing costs, which may have provided some relief for investors of risk assets like crypto. “As we’re seeing sharp volatility in domestic and overseas financial markets, it’s…
10 months ago
Deputy Governor of BoJ Says Advanced Economies Don’t Need CBDCs
Recently, the Bank of Japan’s deputy governor claimed that advanced economies do not need central bank digital currencies (CBDCs). He spoke at the Future of Payments Forum, organized by the Bank for International Settlement. Amamiya said that CBDCs are a tremendous financial system for developing countries, especially the ones with immature payment infrastructures. Nevertheless, he claimed that advanced technologies cannot benefit from virtual currencies. Why Amamiya is Against Digital Currencies Amamiya said that it is unnecessary to implement new steps…
5 years ago