The Japanese financial behemoth the Mitsubishi UFJ Financial Group is set to create a wallet that will be capable of storing and making use of “blockchain-powered digital assets” and NFTs – although its primary goal appears to be the securities tokens market. Also, the financial giant announced that it has “begun preparing to suspend…
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Sentiment in the crypto market changed its direction last week, with the 7-day average sentscore of the 10 major cryptoassets tracked by the market sentiment analysis service Omenics slipping from 5.41 a week ago to 5.26 today. The drop in sentiment follows a downturn in crypto prices, with bitcoin (BTC) testing USD 37,500 earlier today…
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Bitcoin price faced sellers near USD 39,500 and is currently (11:57 UTC) trimming gains near USD 37,500 while remaining at risk of more downsides. Similarly, most major altcoins are struggling to recover. ETH struggled near USD 2,750 and dropped below USD 2,650. XRP is approaching the USD 0.75 level. ADA could retest the USD…
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Cardano’s native token ADA is not expected to see new all-time highs this year, but could still rise to more than USD 8 before the end of 2025, while a whopping USD 58 is possible by 2030, said a panel of industry experts surveyed by the comparison website Finder…. Read More: No New All-Time…
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Demand for savings products that yield far higher returns than what can be achieved in traditional markets is expected to surge, as more people realize that inflation is eating away at their savings, crypto derivatives exchange BitMEX has said in a new report…. Read More: Demand for High-Yield Crypto Savings Products to Surge, BitMEX…
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The main strength backing the blockchain protocol Polkadot (DOT) is its “shared security,” combined with forkless upgrades and blockchain interoperability, according to the digital asset research and investment firm CoinShares. However, the protocol is still threatened by what could be seen as a lack of decentralization, they added. … Read More: Polkadot Benefits from ‘Shared…
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The crypto infrastructure and payments firm Circle has entered into an agreement with the special purpose acquisition company Concord Acquisition Corp that will see the formation of a new holding company, doubling Circle’s valuation from USD 4.5bn, announced in July 2021, to USD 9bn now…. Read More: Circle’s Valuation Doubles to USD 9B as…
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Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC). As reported, a large range of “hard” wallets – which require no permanent internet connection in order to function…
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Bybit, one of the top 10 crypto exchanges by spot volume, has entered into a major sponsorship agreement with the Formula One team Oracle Red Bull Racing, with the exchange now taking on a new role of the “Issuance Partner” for fan tokens and non-fungible tokens (NFTs) for the racing team. With a value…
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Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed that stablecoins are likely safer than traditional banks, and…
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