In just 15 minutes on the morning of April 18, the bitcoin rate fell by more than $ 7,000, which triggered a wave of liquidation of long positions.

The almost instantaneous collapse from $ 59 thousand to $ 51.5 thousand during the Asian session came as a surprise to the market. According to the bybt.com platform, in this hour alone, long positions in the cryptocurrency worth $ 4.3 billion were liquidated, and in total, the amount reached $ 9.2 billion per day.

The exact reason for this dramatic decline is unknown. A potential trigger could be a decrease in the network hash rate of a number of cryptocurrencies due to power supply problems in most Chinese mining pools. However, by the time of the collapse, the level of computing power had almost recovered.

Rumors of the US Treasury's plans to sue several financial institutions, accusing them of money laundering using digital assets, could also have worsened the market sentiment. Although there is no official confirmation or details of this yet.

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Quantum Fund Launches Quantum Bitcoins Program.

Go through a simple registration and you will immediately receive the status of a fund participant.

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Official Website: https://quantumbitcoins.cc/?ref=15pVFvACjXqV2DmH8FtovsB5xarbCuJU7a


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The Saint Kitts and Nevis-based Eastern Caribbean Central Bank (ECCB) has publicly unveiled its own central bank digital currency (CBDC) called DCash

Many countries, including Russia, China and Japan, continue to test CBDCs and so far only one central bank has launched CBDCs - the Central Bank of the Bahamas.

The launch of DCash is notable for being the first example of a central bank within a monetary union starting to work with CBDC. A currency union is an agreement between two or more countries to support the same currency or the same prices for their currencies. The Eastern Caribbean Monetary Union (ECCU) includes eight Caribbean countries, but DCash will only be available for use in four of them: Saint Kitts and Nevis, Antigua and Barbuda, Grenada and Saint Lucia.

ECCB partnered with fintech firm Bitt to manage infrastructure and operations of DCash. Thanks to the DCash Merchant app, CBDC can be used for consumer purposes, e-commerce, B2B, and internal cash management.

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