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Five Russian banks express interest in piloting digital ruble By Cointelegraph

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Five Russian banks express interest in piloting digital ruble

A number of financial institutions in Russia have expressed interest in testing the country’s central bank digital currency, or CBDC.

According to an Oct. 16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in Russia’s non-public digital ruble pilots in the first half of 2021.

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Cryptocurrency

BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA By Cointelegraph

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Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between (BTC) and the is 0. Pomp stressed that the lack of correlation shows that Bitcoin is a store of value.

Along with that, Bitcoin has also outperformed most traditional asset classes such as gold, the S&P 500, , and the U.S. dollar since the sector wide crash that took place in March when coronavirus fears reached a peak.

Daily cryptocurrency market performance. Source: Coin360