It appears that the “Coinbase Effect” is back. The effect describes a phenomenon in the crypto space whereas coins listed or supported by Coinbase rally massively. The idea here is that since Coinbase is the world’s largest crypto startup, at least from a funding perspective, any coin it touches turns to gold. As reported by…
Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative. The economists, in their note, also stated that digital payment protocols and systems have bolstered this year as a…