The Central Bank of France plans to begin testing its own CBDC (digital currency of the Central Bank) in the first quarter of 2020, according to a local publication Les Echos.
This statement was made today by the Chairman of the Bank of France, François Villeroy de Galhau. He expressed the desire to make France the first country to issue digital currency: We want to start experimenting as soon as possible and announce the launch of the project before the end of the first quarter of 2020. Digital euro will initially be used for transactions between banks and will not be available for retail payments. Villeroi added that consumer digital currency would require “special vigilance”: “To do this, limits can be entered on anonymous transactions, in the same way that electronic payments or cash are controlled in France.”
We present to your attention the most striking quotes of the week of financiers, crypto enthusiasts and businessmen regarding the cryptocurrency market, mining and blockchain technology. Jim Reid, Deutsche Bank strategist: “The forces that supported the integrity of the fiat system now look fragile and can disintegrate in the 2020s. If this happens, the rejection of fiat money will begin, and the demand for alternative currencies, such as gold or cryptocurrencies, may increase. ”
Christine Lagarde, Head of the European Central Bank: “The issue of the digital currency of the central bank and its optimal design requires further analysis.”
Trace Meyer, host of the Bitcoin Knowledge podcast: "Over 1.925 million BTC are allegedly stored in the wallets of the Coinbase, BitMEX, Bitstamp, Bitfinex, Kraken, Bittrex, Coincheck and Poloniex exchanges, and are just waiting to be stolen, as has happened many times before."
New rumors have appeared around China's upcoming national cryptocurrency (DCEP) - it seems that it will really be completely centralized. Local news outlets disseminate information that the bandwidth of DCEP will be 220 thousand transactions per second, that is, tens of thousands of times more than Bitcoin with its 7 transactions per second.
Young Wang, a senior fellow at the China People’s University’s fintech institute, claims that blockchain speed is a good sign.
In July, DCEP set a new pace amid news from the Libra project. Binance analysts conducted a study of centralized cryptocurrency back in late August. The exchange report noted that DCEP will indeed collect important information from user to user
The zero stage of Ethereum 2.0 is approaching the final stage of testing with the connection of the Parity Shasper client to the public Sapphire testnet, writes The Block. According to Preston Van Lun, CEO of Prysmatic Labs, before that there was no public test network with multiple client support. Nevertheless, the team is actively preparing, and users can expect the launch of the Eth 2.0 core network in early 2020.
Sapphire was launched in June as the third Eth 2.0 single-client test network. In September, Prysmatic Labs, behind Sapphire's development, showed a test network with multiple clients in a limited access mode, allowing a fixed number of validators to connect to it.
According to the Skew service, the daily volume of transactions with bitcoin futures reached $ 5 billion. Analysts conclude that investor interest in this market segment is growing rapidly. A significant shift in this direction was made in 2019. At the moment, users of the CME, Bakkt and Binance JEX platforms can perform operations in the bitcoin futures market. In addition, BitMEX and OKEx crypto exchanges offer similar products. More and more traders prefer to bet on bitcoin price movements. At the same time, players do not pay much attention to the actual adoption of an asset or to a deficit of bitcoin. In fact, investors bet on increasing or decreasing BTC without access to real coins. This is the main difference from the spot market, where key holders of cryptocurrencies or the so-called "whales" occupy key positions. Of course, the spot market remains dominant. On average, his daily trading volume is $ 18 billion. However, in recent months, there has been a dynamic increase in the influence of the bitcoin futures market. A special role in this was played by the launch of the Bakkt platform, the trading volume on which is constantly breaking records. On the night of Saturday, November 30, the Bitcoin exchange rate strengthened to $ 7,780, the coin has a real chance of taking the $ 8,000 mark by the end of this week, experts say.