BTC price targets are reaching past the recent 10-month highs with Bitcoin bulls emboldened by First Republic losses. Bitcoin tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as […]
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States. The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more […]
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency. The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as legal tender in the country. The move is a government initiative to stabilize the local currency […]
The Solana Saga mobile will be available for sale starting May 8, 2023 The Solana mobile stack has two main components: the Seed Vault and the Solana dApp Store Crypto phones also offer enhanced security features such as two-factor and biometric authentication. Solana introduced Saga, the world’s first crypto smartphone, in October 2022. The Saga […]
The insights of Project Meridian would be used by the Bank of England in its real-time gross settlement system. The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a distributed ledger technology-powered settlements system between the institutions. The insights of the project will be used by the […]
The Bitcoin mining boom
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Bitcoin difficulty and hash rate stop at nothing in their quest to surge to new levels never seen before. Bitcoin may be struggling at $30,000, but under the hood, all-time highs of a different kind keep coming. The latest data shows that Bitcoin network fundamentals — difficulty and hash rate — will hit new records this […]
BTC price dives 3% in minutes
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BTC price returns to $29,000 with a cascade of long liquidations fueling fresh Bitcoin downside. Bitcoin abruptly reversed gains on April 19 as a cascade of long liquidations sent BTC/USD plummeting lower. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees “beautiful” retracement Data from Cointelegraph Markets Pro and TradingView followed the pair as it made lows of $29,015 on […]
Hong Kong’s virtual bank ZA Bank plans to transfer tokens into local currency and provide account services for the burgeoning crypto sector. ZA Bank, launched in 2020, will offer token-to-fiat currency conversions over licensed exchanges. Thus, the bank will act as a settlement institution for customers. This is reported by Bloomberg. According to sources, the bank won’t […]
During the conversation, the ECB president mentioned that the digital euro will have a “limited amount of control.” Specifically, Lagarde discussed the possibility of having zero control for small amounts, such as below €300 or €400. The digital euro decision is expected to be made in October. Recently, a video prank call posted online last […]
NFT National Identification System
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The implementation of NFT to develop digital national IDs is the next step for Africa’s Web3 Journey In 2020, Kenya experienced one of its worst cases of Identity forgery from developing national identifications for applicants. The immutable nature of NFT comes from its link to its corresponding blockchain network. The advantages of the already set […]
According to Zambia Tech Minister Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto. Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and […]
The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. Just 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises 100,000 […]
