European Central Bank Releases Technical Paper On Digital Euro – May 13

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $30,370

Bitcoin price may end the week with a sturdy reclaim of the $30,000 mark, as it continues to recover from a recent market-wide dump.

Top-20 altcoins have also bounced back, as Ethereum gains 5%, BNB rises 10% and Polkadot leads with a strong 27% bounce.

Top Stories for May 13, 2022 πŸ”₯

πŸ‘‰ European Central Bank Releases Technical Paper On Digital Euro

The European Central Bank (ECB) has released a new technical working paper on a potential European central bank digital currency (CBDC). The paper studies issues including privacy, financial intermediation and payment choices.

The paper appears to favor an “anonymous” CBDC, highlighting that it would be preferential to users over traditional bank digital payments. It also, however, acknowledges that Europeans are not optimistic about any form of CBDC.

πŸ‘‰ FTX Founder Sam Bankman-Fried Purchases 7.6% Stake In Robinhood

FTX exchange founder and CEO Sam Bankman-Fried has been revealed to have taken a 7.6% stake in Robinhood (HOOD), according to a 13D filing.

The stake was reportedly purchased through a company called Emergent Fidelity Technologies Ltd., of which Bankman-Fried is the sole owner. HOOD rallied 28% on the revelation.

πŸ‘‰ LUNA & UST Delisted From Binance, OKX To Protect Users

Terra’s LUNA and UST tokens have been delisted from major exchanges Binance and OKX, citing user protection amidst the stablecoin meltdown.

Binance suspended spot trading for LUNA and UST, while OKX has ended. spot listing of UST and removed margin and borrowing services for Terra-based tokens. LUNA and other tokens are still tradable on FTX and Gate.