Digital currency

The governor of the Bank of England admitted that payment innovations like cryptocurrency, stablecoins, central bank digital currencies (CBDC), etc., have been gaining momentum due to the lockdown.

Cryptocurrencies including Bitcoin (BTC) are just one decade old but they have proved to be one of the major profitable investment alternatives in the world.

The privacy offered by Monero is putting this cryptocurrency in trouble by raising more regulatory concerns among financial watchdogs.

Recent research shows massive growth of Bitcoin wallets since the beginning of the lockdown in different parts of the world due to the Covid-19 pandemic.

The month of August started on a high pitch with some top cryptocurrencies doing bullishly in the market. Most of the tokens increased in volume and prices.

The cryptocurrency community was very enthusiastic about the appointment of Crypto Mom Hester Pierce as a SEC Commissioner again. She is known for her continuous support to the blockchain and cryptocurrency industry.

The CEO of Ryanair, an Irish budget airline, Michael Kevin O’Leary (59-years of age), was involved in promoting another cryptocurrency scam without even knowing it. That made him turn extremely bearish and compare Bitcoin (BTC) itself to a scam.

The COVID-19 pandemic has changed the world a lot. The lockdown affected most global industries, having caused one of the biggest crises for the past decades. However, world financial experts predict the situation can become even worse and lead to the complete death of the US dollar.

Japanese police are going to confiscate cryptocurrency funds stolen during the Coincheck hack. If successful, this will be the first digital currency confiscation of the kind in the country.