ECB President called on the public to speak out on the digital euro

ECB President called on the public to speak out on the digital euro

The President of the European Central Bank (ECB) Christine Lagarde today announced the start of collecting public comments on the issue of the digital euro.

“While Europeans are increasingly turning to digital methods of spending, saving and investing, we need to be ready to launch a digital euro if the need arises. I would like to hear your opinion, ”wrote Lagarde.

She also noted that the ECB is still only considering the possibility of launching a digital euro and has not yet made a final decision on this matter. “We have opened a public consultation so that consumers and Europeans can tell us about their preferences and whether they would like to use the digital euro in the same way they use euro coins and banknotes, knowing that it is central bank money that is available to them, for which they can rely, ”she added.

In particular, the survey participants are asked to answer “what services, functions and areas of application seem appropriate for the digital euro and should be considered during its development”.

CoinMetrics: Bitcoin Miners Receive 12% Commission Profit In October

Transaction confirmation fees rise as the network is loaded - the more unconfirmed transactions accumulate, the more fees become. A significant number of unconfirmed transactions have accumulated in the Bitcoin mempool - more than 100,000. Against this background, the average commission has reached $ 11.66 - the highest indicator since mid-2018.

Also, the growth in the income of miners from commissions was also influenced by the growth in the rate of the first cryptocurrency, since commissions are calculated in BTC. Recall that at the end of last week, the bitcoin rate reached $ 14,000, although at the moment it has dropped to $ 13,400. In total, in October 2020, bitcoin miners received income of $ 352.57 million, of which $ 43 million was received from commissions.

Analysts also noted an increase in the volume of transactions on the Bitcoin network in October. Last month, the network of the first cryptocurrency had transactions worth $ 92.09 billion.This is the highest figure since July 2019, when the volume of transactions was $ 93.45 billion.

Recently, former hedge fund manager and cryptocurrency enthusiast Raoul Pal expressed the opinion that gold investors may turn their attention to Bitcoin in the near future.

Kyber Network launched a platform for creating a market within the network

According to the statement, KyberPRO provides a liquidity system, tools, documentation, and tech support to facilitate entry into DeFi for professional market makers.

The latter, according to the Kyber Network team, can bring “significant liquidity and value” to the industry. This requires a suitable structure, since the order book traditionally used by centralized exchanges on the blockchain is ineffective, and automated market makers (AMM) are not suitable, the developers are sure.

They called KyberPRO "a comprehensive platform for professionals that allows you to easily connect to the network and conduct profitable market activities with minimal knowledge of smart contracts."

PayPal stops service of domain registrar that issued digital currency

PayPal has stopped working with domain name registrar and hosting Epik, which has a controversial reputation for serving far-right sites. According to Mashable, Epik linked the blocking of their account to the "anti-conservative focus" of the service.

PayPal cites financial risks as the reason for stopping Epik services. A source familiar with the matter said that PayPal's decision could be linked to Epik's “alternative currency” Masterbucks uses to pay for services and can be exchanged for the US dollar.

He also states that Epik is using digital currency for tax evasion purposes. Masterbucks is marketed as a vehicle for “moving away from traditional liquidity” and providing “tax benefits”, but the latter factor has now been removed from the company's website. PayPal felt Epik did not meet legal standards to issue such a currency, the source added.

Epik claims that PayPal contacted them a month ago to clarify the situation, including asking questions about money transfer licenses, anti-money laundering measures, offshore accounts and cross-border activity. Epik called PayPal's request "completely absurd" and unrelated to its activities.