Monat: Dezember 2020

Bitcoin price should consolidate before following uptrend in 2021

The price of Bitcoin may stagnate until the beginning of 2021, show several indicators of the network, as investors may make a profit. Analysis The price of Bitcoin (BTC) has reached the $19,400 mark in the last 24 hours, which has served as a critical resistance level since early December. However, on-chain indicators show that the dominant cryptomeda may stagnate or consolidate until early 2021. Although the BTC is approaching its highest point, around $20,000,Continue reading

Bank of Russia: Digital ruble will reduce bank profits and help businesses

The Russian central bank wants to use the digital ruble to help companies by making financial intermediaries superfluous. Russia’s digital ruble is said to cut business costs, but it could also reduce profits for commercial banks, according to Elvira Nabiullina, chairwoman of the Bank of Russia At a meeting of Opora Russia, a non-governmental organization of small and medium-sized enterprises, on December 3, Nabiullina said that a digital ruble could reduce the profits of commercialContinue reading