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In seven days cryptocurrency lost more than $1 2 trillion Here s why

In seven days cryptocurrency lost more than $1 2 trillion Here s why
9news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9news.com.au Daily Mail and Mail on Sunday newspapers.

Fed Inches Closer to Developing Central Bank Digital Currency

The Federal Reserve has announced it is taking a step closer to the potential adoption of a central bank digital currency (CBDC) by ramping up its efforts to study the use of fast-evolving technologies for digital payments, with a particular focus on the opportunities and risks associated with this new type of digital dollar.

A crypto crash wiped out $1 trillion this week Here s what happened

A crypto crash wiped out $1 trillion this week. Here s what happened Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the. Posted: May 22, 2021 9:50 AM Posted By: CNN Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the past week s volatility was enough to make some of the crypto faithful wonder whether they ve been bamboozled. On Wednesday, a broad crypto crash wiped out about $1 trillion in market value a staggering drop from $2.5 trillion just a week ago. Bitcoin, which accounts for more than 40% of the global crypto market, nosedived 30% to $30,000 on Wednesday, its lowest point since January.

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