Friday, September 11, 2020 7:44:15 AM
The correlation between gold and bitcoin has been increasing since July amid a weakening US dollar. The loss of the position of the main world currency has a positive effect on "defensive" assets, which include gold and bitcoin. The level of correlation between the two instruments exceeded 0.5, which indicates a high co-directionality of the movement of their rates. A few months ago, the indicator was below 0.1. The correlation index varies from -1 to 1. The -1 mark indicates that the quotes move absolutely independently, with a value of 1 the price charts completely coincide. In addition to gold, the correlation between BTC price and S&P 500 index also increased. On September 7, the indicator reached 0.4905, after which it decreased to 0.36.
ETH Transaction Volume Updated Historical Peak
In August, the monthly volume of ETH transactions set a record, reaching $24 billion, according to DappRadar data. The indicator has been renewing maximums for already three months - back in May it did not exceed $2 billion. The active growth of the level of transferred funds in the network is associated with the development of the decentralized finance market. The volume of transfers of DEX and DeFi applications over the past month increased by $9 billion each. The level of blocked funds in the DeFi-sphere increased by $3.61 billion and reached $7.5 billion by September. At the same time, the number of active ETH addresses in August decreased by 6% - this is due to a record increase in transfer fees.
The first government digital currencies will appear by 2030
Experts from the European Analytical Center believe. In their opinion, at least three central banks will replace their currencies with digital tokens. China, the United States and the European Union will be the first to do so, launching digital versions of the yuan, dollar and euro. According to experts, this will happen by 2030. They also allow for the option of governmental stablecoins being issued by Sweden and the Bahamas. The Swedish regulator recently announced that it is ready to submit the CBDC by 2025. China is already testing the digital yuan, and the European Central Bank is actively exploring this direction.
Recent EOSUSD News
- Ripple Chairman Chris Larsen Endorses Kamala Harris for President in New Letter With American CEOs: Report • The Daily Hodl • 09/08/2024 06:45:34 PM
- JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It • The Daily Hodl • 09/01/2024 02:30:52 PM
- Whatever happened to the 10 biggest projects from the ICO era? • Cointelegraph • 08/24/2024 01:01:00 PM
- Circle CEO Jeremy Allaire Unveils ‘Extraordinary’ Long-Term Crypto Prediction – Here’s His Outlook • The Daily Hodl • 08/04/2024 02:30:28 PM
- Trump quashes reports on Jamie Dimon and Larry Fink as his Treasury Secretary • Cointelegraph • 07/23/2024 04:06:33 PM
- Artificial Intelligence (AI) Deepfake Video Scams Steal $273,350 From Three Men: Report • The Daily Hodl • 07/14/2024 06:45:41 PM
- How Luma AI turns crypto memes into viral videos • Cointelegraph • 07/08/2024 01:59:00 PM
- Here’s Why Tether Has Ceased Minting USDT On EOS And Algorand • ZyCrypto • 06/26/2024 04:47:04 PM
- Stablecoin Issuer Tether Discontinues Support for Algorand (ALGO) and EOS Implementations • The Daily Hodl • 06/24/2024 10:01:08 PM
- Bitcoin Drops to $60,000, Mt. Gox to Reimburse Creditors in July, Riot Platforms Board Restructures • IH Market News • 06/24/2024 07:09:18 PM
- Tether halts USDT minting on EOS and Algorand • Cointelegraph • 06/24/2024 12:55:20 PM
- AI Crypto Fetch.ai (FET) Makes ‘Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger • NEWSBTC • 06/21/2024 07:00:30 AM
- Bitwise Forecasts $20 Trillion Boost To Global GDP From Crypto And AI By 2030 • NEWSBTC • 06/14/2024 03:00:59 AM
- Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto • IH Market News • 05/31/2024 09:16:17 PM
- EOS Network unveils new token model with fixed supply of 2.1 billion tokens • Crypto Briefing • 05/31/2024 07:41:07 PM
- EOS Network approves new tokenomics, promises ‘new era’ • Cointelegraph • 05/31/2024 03:44:05 PM
- Keeping Up With The Memecoins: Caitlyn Jenner’s New Token Surges 50,000% Amid Controversy • NEWSBTC • 05/27/2024 10:00:53 PM
- ‘I’m Fine With It’: Donald Trump, a Former Digital Asset Skeptic, Continues To Court the Crypto Vote • The Daily Hodl • 05/10/2024 06:45:14 PM
- Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In • NEWSBTC • 05/09/2024 01:00:54 AM
- Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong • Cointelegraph • 05/08/2024 11:47:21 AM
- Biden’s Homeland Security team taps tech elite for AI defense board • Cointelegraph • 04/26/2024 07:55:47 PM
- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM