Bank of Japan: Cash Prevents Digital Currencies With Negative Interest

Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5. 

Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash. 

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Coinbase Shifting Focus Due to Growing Institutional Investor Interest in Crypto

America’s largest cryptocurrency exchange, Coinbase, is shifting its focus to serve the needs of a growing interest in crypto by institutional investors. This is the narrative coming from the company after some changes in the last 10 days.

Firstly, news broke last week that Coinbase had filed to close its Political Action Committee (PAC) with the American Federal Election Commission (FEC).

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Bitcoin (BTC) Price Watch: All Eyes on this Area of Interest

Bitcoin Price Key Highlights

  • Bitcoin price busted through its short-term channel and the top of a longer-term descending triangle.
  • Price is now making its way to the area of interest around $8,000 that might make or break the rallies.
  • Strong bullish momentum could take it past this former support region,

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