11/30/19 Crypto Report - The Fed & ECB on CBDC, Record Bakkt Volume

[bitwomble]

In today's Crypto News Report, TCG looks at the reactions from the US Federal Reserve and the ECB to Libra and China's forthcoming central bank digital currency, and well as efforts to pass permissive crypto regulation in Switzerland and Germany. Also, Saudi Arabia and the UAE will build an oil refinery and launch a virtual currency together. Meanwhile, HSBC has announced plans to securitize $20 bln in assets within four months, and Bakkt posted record daily volume for its BTC futures contracts.

https://youtu.be/j4Mz0ftTcwU

[CryptoBry]

With so many big good news on the horizon, there is really no reason why Bitcoin and the rest of the gang have to look for inspiration and encouragement from China and only to end up dismayed every time. The market should have been more mature on this aspect and shun any kind of developments in China and should just concentrate on giving value to things happening elsewhere. On Bakkt, I think that this platform is now showing us its real potential after starting with weak figures and having been dismissed by the many. Overall, I am glad that right now, Bitcoin is starting to show a better strength in resisting going down to the $6000 level.