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Can a digital pound CBDC retake London s financial hub status post-Brexit?

News A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center in the wake of Brexit. Previously the gravitational center-point of Europe’s financial sector, London saw much of its influence lost at the end of 2020 when Britain’s exit from the European Union was finalized. The United Kingdom’s Finance Ministry will now take proposals on how to make the City of London more attractive to global traders and pull activity back from Amsterdam, which emerged as the new EU trading hub post-Brexit.

Bitcoin whales keep accumulating as ECB president calls for global regulations

Bitcoin whales keep accumulating as ECB president calls for global regulations CryptoCompare data shows the price of Bitcoin (BTC) moved from around $35,500 at the start of the week to a high close to the $40,000 as BTC was seemingly trying to move back to its all-time high. Bitcoin’s price advance was rejected, and the cryptocurrency is now trading above $36,000. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved steadily up throughout the week gong from about $1,000 to over $1,200. The cryptocurrency appears to be facing resistance to move up to $1,300 near its all-time high. While the top two cryptoassets by market capitalization are seemingly consolidating, several other alternative currencies – altcoins – have seen their prices surge, helping the crypto market’s total capitalization remain above $1 trillion.

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