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Tag Archives: Currency

Bitcoin Price Watch: Currency Likely to Remain Bearish for Now

At press time, the price of bitcoin is unchanged and still lying within the $6,200 range where it’s remained for roughly 72 hours. Many analysts had predicted that bitcoin’s sudden “stability” would in turn lead to bullish behavior. After all, the coin was remaining at $6,500 for several days, and it appeared things weren’t likely to change in the immediate ...

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Bitcoin Price Watch: Currency Is Trapped Between Altcoins and Stocks

At press time, the father of cryptocurrency is remaining in the $6,200 range. The price is down by roughly $300 since Wednesday, when bitcoin had seemingly found longstanding comfort in the $6,500 range. Bitcoin had remained here for several days, though the latest fall was probably to be expected considering the recent (and hefty) drop in the stock market. Overall, ...

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China’s Central Bank Seeks Digital Currency Specialists

The Chinese central bank, the People’s Bank of China (PBoC), has opened four positions for crypto-related professionals, according to a document published Wednesday, Oct. 10 on the bank’s website. Per the paper, PBoC is seeking two engineers at their Digital Money Institute with experience in blockchain and cryptography, security, and chip design. The bank wants the engineers to develop a ...

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Dubai Government-Backed Digital Currency Will Get Its Own Payment System

Consumers in Dubai will soon be able to use digital currency to pay for goods, services, and utilities following a new government partnership, a press release confirms Tuesday, Oct. 9. The deal between emcredit, a subsidiary of the Dubai Department of Economic Development, blockchain payment provider Pundi X, and its partner Ebooc Fintech & Loyalty Labs LLC will facilitate point ...

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Dubai to Launch Blockchain Payments with State Digital Currency ‘emCash’

Dubai residents will soon have the means to make payments for school fees, bills and other retail purchases with emCash, a state-developed blockchain-based digital currency. The UAE’s first official credit bureau – emCredit – under the Dubai Department of Economic Development is pushing its official blockchain-encrypted state digital currency emCash for wider adoption by rolling out point-of-sale (PoS) devices at ...

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Bitcoin Price Watch: Currency Still Unwavering, No Direction Set

At press time, the price of bitcoin is still refusing to budge, and remains solidly in the $6,500 range. The currency continues to move in a sideways motion, and there’s no telling when – or even if – bitcoin will do anything different in the coming weeks. Bitcoin bull and creator of the cryptocurrency merchant bank Galaxy Digital Mike Novogratz ...

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