BTC price rejects at $23K as US dollar declines from fresh 20-year highs
The Fed rate hike does not offer much relief as a downtrend in stocks resumes, dragging Bitcoin with it. Go to Source Powered by WPeMatico
Month: June 2022
US Air Force taps SIMBA Chain to develop budgeting and accounting system
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. Go to Source Powered by WPeMatico
Soulbound Tokens: Social credit system or spark for global adoption?
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Regulations and exchange delistings put future of private cryptocurrencies in doubt
At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete. Go to Source Powered by WPeMatico
Bitcoin and Ethereum Price Manage to Hold Support as Stock Markets Jump Briefly
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago … Read more
Circle launches euro-backed stablecoin EUROC
Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. Go to Source Powered by WPeMatico
Bank of America: Consumer Interest in Crypto Remains Strong
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a … Read more
Banking uses 56 times more energy than Bitcoin: Valuechain report
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet. Go to Source Powered by WPeMatico
Bank of Russia backs cross-border crypto payments vs. domestic trade
Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Moves Away From $20,000 Following Historic Fed Rate Hike
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on … Read more