IMF worries about the surging Bitcoin and Ripple (XRP), while South Korea’s digital currency pilot with 100,000 citizens in late 2024 may be a crucial move for CBDC development. With the crypto market booming, the IMF is worried about the fate of Central Bank Digital Currencies (CBDCs). The latest news from The Korea Times suggests…
Bitcoin (BTC), with a current price of $37,584, successfully surpassed the significant barrier at $38,000 on November 24, signaling a positive sentiment in the market. Analysts are optimistic about the next two years, anticipating a favorable market environment. The upcoming catalysts include the Bitcoin halving scheduled for April and pending applications for a spot Bitcoin…
Base Network had more daily transactions than Optimism and Arbitrum but still fell behind Polygon and Binance Smart Chain (BSC). Coinbase’s layer-2 network called Base achieved a new daily transaction record, surpassing its previous high since its launch in August, as reported by blockchain explorer BaseScan. On September 14, Coinbase’s layer-2 blockchain, Base, reached a…
Elon Musk has been supporting the development of Dogecoin and even explored the idea of creating a social media platform based on blockchain technology. He also joined forces with SBF (Sam Bankman-Fried) in an unsuccessful attempt to buy Twitter for $5 billion. A biography set to launch on September 12 unveils Elon Musk’s secret involvement…
Here are some important European companies in the world of blockchain and cryptocurrency 1. OpenLedger: They make special computer programs using blockchain technology. They started in 2014 and are very good at what they do. 2. Aave: They made something new on the internet using blockchain. It helps people lend and borrow money without needing…
Sam Bankman-Fried’s legal fight is getting more serious with fresh accusations. He says he didn’t do the $100M stuff or the claimed political influence and has pleaded not guilty. The ex-CEO of FTX, Sam Bankman-Fried, said he didn’t do what he’s accused of. They say he tried to use $100 million to affect U.S. politics,…
The FBI confiscated 428.5 Ethereum and 5.12 Bitcoins from Virginia wallets, along with $310,277 in Tether stablecoins. This move comes as part of the FBI’s increased efforts in the cryptocurrency sector, which also involved shutting down nine exchanges. On August 16, public notices revealed that the FBI had taken control of different cryptocurrencies from wallets…
Kenyan authorities are cautious about allowing the Worldcoin project to gather iris data to ensure the security of citizens is not compromised. The new cryptocurrency and digital identity project, Worldcoin, encountered a difficult start in Kenya, as the government suspended all local activities associated with it. Minister’s Announcement: Kenya’s Minister of Internal Security, Kithure Kindiki,…
Elon Musk is leading a transformation of Twitter, aiming to turn it into an all-encompassing platform called “X.” His vision includes incorporating potential crypto functionalities, with a special focus on his favorite cryptocurrency, dogecoin (DOGE). Musk’s recent endeavors suggest that he intends to introduce both traditional and crypto payments within “X,” despite the challenges of…
Today, we’ll delve into the anticipated significant developments for cryptocurrencies. Despite critical events in the macro landscape, last week’s shallow volatility remained unaffected. However, it’s noteworthy that Bitcoin’s price has been confined within a narrow range for an extended period. History has shown that substantial movements often follow these seemingly uneventful periods. Cryptocurrency Developments Bitcoin’s…