Day: December 16, 2021

Here’s why Bitcoin traders expect choppy markets for the remainder of 2021

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Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin and altcoin prices and currently the Crypto Fear and Greed index is solidly in the ‘fear’ zone where it has been parked since the beginning of December.  Crypto Fear & Greed Index. Source: Alternative Despite the brief bump in prices seen across the markets following the recent Federal Open Market Committee (FOMC) meeting where Fed Chair Jerome Powell indicated that interest rates would remain low for the time…

First Mover Asia: Crypto Rally Fizzles Amid Widespread Inflationary Concerns

(Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin’s relief rally” appears to be temporary, after major central banks announced plans to battle high inflation Technician’s take: Bitcoin could see a brief price bounce, although sellers remain in control. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $47, 683 -2.3% Ether (ETH): $3,981 -1.54% Markets S&P 500: $4,668 -0.8% Dow Jones Industrial Average: $35,896 -0.08% Nasdaq: $15,180 -2.4% Gold: $1,798 +1% Market moves Bitcoin’s…

Algorand, Solana, And More Lead List Of Biggest Losing Altcoins

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Altcoins like Algorand and Solana have recorded some of the highest losses following the market crash. This has been apparent in the performances of these digital assets in the past week. While the market at large had experienced dips, Algorand, Solana, and Hedera had led the pack for the worst performing coins for last week. Altcoins Suffer Massive Losses The crash which started with the top coin, Bitcoin, had inadvertently spilled over onto altcoins. Most had suffered greatly with the highest losses being recorded across digital assets such as Algorand…

Tony Hawk Launches ‘Last Trick’ NFT Collection to Commemorate Career and Signature Moves – Blockchain Bitcoin News

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Following the American professional skateboarder Tony Hawk’s first non-fungible token (NFT) sale on the NFT marketplace Autograph, Hawk is commemorating his career with a new series of NFTs called the “Last Trick” collection. The popular skateboarder’s latest digital collectibles showcase his most memorable tricks like the “Frontside Cab,” “Gymnast Plant,” and “Finger Flip” in animated NFT form. Birdman Launches 16,600 ‘Last Trick’ NFTs The professional skateboarder Tony Hawk is considered one of the best in the world, and invented many different tricks in his youth, continuing to amaze audiences into…

How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank

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The Stellar Development Foundation (SDF) has been working with the Ukrainian government on their national Central Bank Digital Currency (CBDC) for a while. The collaboration has started to produce results as the SDF, Bitt, and TASCOMBANK recently deployed a pilot project for the electronic hryvnia on this network. Related Reading | An Introduction To Stellar And XLM: Mission, Control, And Consensus Per a press release, the partners will test the CBDC’s use cases and its programmable capabilities. These will be leveraged to pay employees at a company called Diia, and…

Protocol Efficiency on Cardano in Handling Interest Rates – Sponsored Bitcoin News

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sponsored Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The cryptocurrency market is a legitimate source of debt securities that are no less reputable than their equivalents and is a substantial economic force to reckon. With interest rate derivative products, the creditors in the cryptocurrency market, mostly compromised of lenders and borrowers, hope to stabilize their revenue and reduce their risk. There are two types of interest rate derivatives in the crypto market: one that lets you extend the length of your loan and…

HSBC and IBM create successful multi-ledger CBDC demo

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On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology provider R3’s Corda served as the basis of the distributed ledger facilitating the transactions. The project was overseen by central bank Banque de France as part of a series of tranche projects to implement a digital Euro. Previously the French and Swiss central banks reported…

Cryptology trading site review: An outstanding cryptocurrency exchange platform

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The best cryptocurrency exchange for traders globally  The cryptocurrency sector has many opportunities. People around the globe are seeking crypto trading services each day. But, sadly, fraudsters take advantage of the high demand to con innocent traders. It is advisable to be cautious when looking for an exchange. Consider reviews by experts and previous customers. If you find many negative comments, it is better to avoid the business. Other things you should check include if the service is straightforward, whether the company is operating legally, the supported currencies, and support…

Should Crypto and Porn Get Intimate?

Crypto platforms, in theory dedicated to open source/open access, have a ready-made answer to people or governments looking to censor abuse claims of copyright infringement: that you must take the good with the bad. When it comes to human rights violations that may not be a satisfactory answer. And, in reality, it’s more often just a bit of mental masturbation, as plenty of crypto projects have been willing to give up the pretense of decentralization to reverse transactions, block content and uphold copyrights. (You might ask, what’s the point of…

Federal Regulator Says Credit Unions Can Partner With Crypto Providers

“This includes facilitating member relationships with third parties that allow FICU members to buy, sell, and hold various uninsured digital assets with the third-party provider outside of the FICU,” the statement from the NCUA read. The NCUA is a federal U.S. regulator that oversees credit unions, acting as a counterpart to the Office of the Comptroller of the Currency (OCC), which regulates national banks. Source