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Crypto Market Has Shed More Than $1 Trillion in Market Cap Since November, Bitcoin Marks Six-Month Low

Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded over two months as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets as additional headwinds arrive in the form of a potential crypto mining, trading ban in Russia.
Bespoke Investment Group Federal Reserve Bitcoin Price Btc Cryptocurrency Market Crash Usd 1 Trillion Coinmarketcap Cryptocurrency Mining Bitcoin Price Bitcoin Crash
Source: ndtv.com

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Digital Pound Could Hit Financial Stability and Erode Privacy, UK Lawmakers Warn

A digital pound used by consumers could harm financial stability, raise the cost of credit, and erode privacy, though a version for wholesale use in the financial sector demands greater appraisal, British lawmakers said.
United Kingdom Michael Forsyth Economic Affairs Committee Big Tech Affairs Committee Chair Michael Forsyth Digital Pound Cbdc Crypto Financial Stability Erode Privacy Uk Lawmakers Warn
Source: ndtv.com

Need to adopt basic CBDC models initially for minimum impact on monetary policy: RBI

The RBI in its latest report has said that it is necessary to adopt basic models initially for the Central Bank Digital Currency, and test comprehensively so that they have minimal impact on monetary policy and the banking system.
T Rabi Sankar Shaktikanta Das Central Bank Digital Currency Reserve Bank Official Digital Currency Bill Central Bank Digital Currency

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