Tag: Bank of England

Bank of England Continues its CBDC Research

Central bank digital currencies are  a topic of massive debate. Several governments see merit in this concept, whereas others will try to steer away from it. Bank of England officials are still pro-CBDC, even though that has been different not that long ago. More Banks Show an Interest in CBDC Research With the Brexit now looming ahead, the time for experimentation is just around the corner. If Britain were to …
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Poland Buys Back 100 Tons of Gold From the Bank of England

Poland is one of the world’s biggest producers of gold. In a new turn of events, the government decided to flex its financial muscles through an intriguing acquisition.  Most economies around the globe are struggling or in shambles. Poland Stock up on Gold Poland is one notable exception, at least where the official figures are concerned. Its current economy stands at $586 billion and is largely considered to be healthy.  …
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Bitcoin Price Watch: Currency Drops to $7,300

At press time, bitcoin is trading for just over $7,300. This is a near $200 drop over the last 24 hours, and the bears are still having their way. The current sentiment is that bitcoin could fall to as low as an even $7,000 over the next few days. The currency has been dropping gradually since Sunday May 13, after it spiked to a new high of roughly $9,800. Maybe …
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Bitcoin Price Watch: A $300 Drop is in the Books

Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a task force designed to assist in governing cryptocurrency usage to better understand the risks involved. …
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