Coinatory

India's Central Bank Cautious on Full CBDC Rollout India’s Central Bank Adopts Cautious Approach to CBDC Rollout The Reserve Bank of India (RBI) has adopted a deliberate stance on the nationwide rollout of its central bank digital currency (CBDC), the e-rupee, emphasizing the need to fully understand its broader implications before expanding its use. Speaking at a conference in Cebu, Philippines, RBI Deputy Governor T. Rabi Sankar highlighted the transformative potential of CBDCs in areas ... crypto news

$100,000 Bitcoin Could Spark 2025 Altseason, Predicts Analyst Benjamin Cowen Renowned cryptocurrency analyst Benjamin Cowen suggests that Bitcoin hitting the $100,000 mark may serve as a catalyst for a major shift in market dynamics, diverting investor focus from Bitcoin to altcoins. In a recent interview with David Lin, Cowen pointed to Bitcoin's Fear and Greed Index, a sentiment tracker ranging from 0 (extreme fear) to 100 (extreme greed), which recently surpassed 90. This level indicates "extreme greed," often seen... Coinatory crypto news

Morpho Launchpool on Bybit: Stake Morpho, MNT or SWELL Bybit Launchpool Excited to Announce: Morpho is Here! Get ready to stake and earn! During this event, stake Morpho, MNT, or USDT and grab your share of 2,500,000 Morpho tokens—completely free! Event Duration: Nov 21, 2024, 10:00 AM UTC – Nov 27, 2024, 10:00 AM UTC Step-by-Step Guide: If you don’t have a Bybit account. You can register here Go to website Stake your assets (USDT or MNT) Also you can open your Bybit app... Coinatory cryptocurrency news

Shanghai Court Upholds Crypto Property Status, Blocks Business Use Shanghai Court’s Landmark Ruling on Cryptocurrency The Shanghai High Court has formally acknowledged cryptocurrencies as property under Chinese law, citing their "property attributes" and affirming their value as virtual commodities. However, the court upheld China's stringent ban on utilizing cryptocurrencies for commercial purposes, including token issuance and speculative trading, according to the ruling. Case Background: Token Dispute ... Coinatory

Tether Mints $1 Billion USDT on Ethereum Amid Surging Stablecoin Activity On November 18, Tether Treasury minted an additional $1 billion USDT on the Ethereum network, according to Etherscan data. This transaction follows a similar issuance earlier in the month on the Tron network, signaling Tether’s continued efforts to meet rising market demand. The newly minted stablecoins, authorized but not yet distributed, will reportedly remain in Tether's reserves to cater to future liquidity needs across on-chain exchanges... cryptocurrency news

Upcoming economic events 20 November 2024 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:002 pointsChina Loan Prime Rate 5Y (Nov)3.60%3.60%01:152 pointsPBoC Loan Prime Rate3.10%3.10%09:002 pointsECB Financial Stability Review------------------13:002 pointsECB President Lagarde Speaks------------------15:303 pointsCrude Oil Inventories---------2.089M15:302 pointsCushing Crude Oil Inventories----------0.688M17:152 points FOMC Member Bowman Speaks------------------18:002 points20-... cryptonews today

Binance Launches BFUSD Stablecoin with 19.55% APY Binance has unveiled a new stablecoin, BFUSD, promising an attractive annual percentage yield (APY) of 19.55%. The platform targets crypto users seeking high-yield passive income opportunities, positioning BFUSD as an innovative solution in the stablecoin sector. Key Features of BFUSD Capped Supply: The total issuance of BFUSD is limited to 20 million tokens, ensuring scarcity. Collateralization: The stablecoin boasts a collateralizati... cryptocurrency news