Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participants to propose potential use cases for the central bank digital currency (CBDC). This initiative aims to delve deeper into the potential of a central bank digital currency…
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Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to…
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We just asked ChatGPT how high Floki (FLOKI), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE) and Dogecoin (DOGE) prices could go in 2024 and it gave a very surprising set of answers. Floki, Shiba Inu, Dogwifhat, Pepe and Dogecoin are the five biggest and best-known meme coins, as per CoinMarketCap. And over the course of…
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Global crypto gains reached $37.6 billion in 2023 following severe losses in 2022, blockchain intelligence firm Chainalysis revealed in a new report released Thursday. U.S. Leads The Way In Total Crypto Gains For 2023 According to the organization’s latest research, the total represents a “significant recovery” from the nearly $127.1 billion in cumulative losses in…
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Source: Midjourney The Bitcoin (BTC) price dipped as low as $68,500 on Thursday amid profit-taking, before dip-buying bulls buoyed the price back to $70,500. Bitcoin hit fresh all-time highs in the $73,800s around the time of Thursday’s European open. At its latest price of close to $70,500, it is trading 3.5% lower on the day.…
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Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research at FalconX – an institutional crypto brokerage – told Cryptonews that…
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Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of contempt of court. In a recent filing, they allege Ripps deliberately destroyed access to his wallets containing RR/BAYC NFTs to avoid complying with a court order. Yuga Labs claims Ripps’ actions were made in “bad faith” and that he misled the court.…
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Standard Chartered-backed crypto exchange and brokerage Zodia Markets and crypto custody technology provider Fireblocks have partnered to improve cross-border payments. In an announcement, UK-based Zodia Markets said the collaboration will address banking challenges and improve efficiency by allowing value transfer utilizing digital assets. “Cross-border payments between many jurisdictions suffer from slow transaction speeds, limited availability…
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On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures. Microstrategy Continues Bitcoin Bet, Plans $500M Convertible Bond Sale Microstrategy…
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Bitcoin Price Prediction In the ever-evolving landscape of cryptocurrency, Bitcoin‘s recent uptick to $73,400 echoes a growing bullish sentiment. Amidst market fluctuations, this advance strengthens the Bitcoin price prediction discourse, suggesting a potential continuation of its upward momentum. With the market’s eyes fixed on the pivotal $70,587 mark, Bitcoin’s journey is watched by traders and…
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