Category: European Central Bank

U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?

May 26, 2022

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The U.S. dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip dollar market Dollar’s correction in the last two weeks preceded twelve months of relentless buying. To recap, the greenback’s weight against the basket […]

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ECB says digital euro may be needed to combat ‘artificial currencies’

June 3, 2021

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The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” 8214 Total views 7 Total shares The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating […]

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ECB VP says crypto has weak fundamentals and is not a real asset amid 30% dip

May 19, 2021

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European Central Bank vice president Luis de Guindos is expecting more sudden price swings for cryptocurrencies as the market sheds $750 billion in a week. 12595 Total views 12 Total shares Luis de Guindos, vice president of the European Central Bank, has dismissed the value proposition of cryptocurrencies as investment assets. Speaking to Bloomberg TV, […]

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First Mover: Bitcoin Stuck as ECB’s Lagarde Primes Extra €500B Stimulus

December 10, 2020

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Dec 10, 2020 at 3:03 p.m. UTCUpdated Dec 10, 2020 at 3:33 p.m. UTC ECB President Christine Lagarde, speaking Thursday at a press conference. (ECB, modified by CoinDesk) First Mover: Bitcoin Stuck as ECB’s Lagarde Primes Extra €500B Stimulus Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700. […]

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ECB Boosts Emergency Bond-Buying Program by 37% to €1.85T Amid Pandemic Resurgence

December 10, 2020

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Dec 10, 2020 at 1:07 p.m. UTCUpdated Dec 10, 2020 at 2:12 p.m. UTC European Central Bank President Christine Lagarde.(ECB, modified by CoinDesk) ECB Boosts Emergency Bond-Buying Program by 37% to €1.85T Amid Pandemic Resurgence The European Central Bank Thursday said it would boost the size of an emergency asset purchasing program and extend a […]

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Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021

October 16, 2020

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Oct 16, 2020 at 18:26 UTCUpdated Oct 16, 2020 at 19:39 UTC Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021 Spain’s central bank is fast-tracking research on digital currency ‘s design and the economic implications of central bank digital currency (CBDC) introduction as per a four-year strategic plan released Friday. CBDC […]

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