Day: March 18, 2022

Qatar exploring digital banks and central bank digital currencies

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The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses.  According to the head of the fintech section at QCB, Alanood Abdullah Al Muftah, the central bank is expected to set a direction for its future focus soon on a range of fintech verticals.  Al Muftah noted that QCB will also determine whether Qatar can establish a central bank digital currency (CBDC). She explained: “Each central bank should study digital banks, considering their growing significance in the global market. We…

Bitcoin could see $37.5K weekend dip before ‘bigger move’ next week — new report

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Bitcoin (BTC) is set for a “bigger move” as soon as next week, fresh analysis says as volatility faces a breakout situation. In its latest market update, trading suite Decentrader told readers that the time would soon come to “pull the trigger” with liquidity as BTC price action goes up or down. Analyst on BTC: “The bigger move is coming” Bitcoin has been making lower highs and higher lows throughout this week as a descending wedge on lower timeframes sees volatility ebb. Such a situation cannot last forever, and for…

Web 3 Gaming Platform on Terra Blockchain Gets $25M Boost From FTX, Jump Crypto

“Blockchain technology provides a transparent and secure platform for users to buy, sell and store assets, and applying this concept to video games was the logical next step,” Paul Kim, director of MetaMagnet, said in a press release. “C2X puts the power in the hands of the users and builders, not in a single centralized entity, enabling the full community to direct the platform’s operations and fully invest in its success.” Source

Popular Bitcoin Strategy Loses Shine as US Inflation Nears 8%

“What possibly may attract tradfi [traditional market investors] at the moment, I’d presume, is liquidity provision and market making, or even the low volatility,” Lunde said in a Twitter chat. “Decentralized option vaults (DOV) have contributed to lowering the implied volatilities (IV) in the options market, and contrarian volatility bets might become a more common strategy, offsetting the DOV pressure on the IV.” Source

Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds – Bitcoin News

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As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds of the population. Under Sanctions, Russians Consider Buying Property, Gold, and Crypto Financial and other penalties imposed by the West over Moscow’s decision to invade Ukraine are already affecting the economic situation in Russia. Despite the bleak perspectives, for many Russians property and gold continue to be — just…

Why Bitcoin Mining Relies on Data Centers

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin mining relies on the use of data centers to harness the processing power required to compete against other miners. ⚠️ Digital Infrastructure News: Digital Infrastructure News 📲 Towers: 💻 Data Centers: ⚡ Fiber: 🔊 Small Cells & DAS: What is Digital Infrastructure (Dgtl Infra)? 🔴 Learn More: More Digital Infrastructure News 📥 Riot Blockchain Acquires Whinstone Data Center: 📤 Davidson Kempner, Pioneer Build €3.5bn Data Center: 📟 Crown Castle Raises 2021 Guidance: 📩 Colony Capital Builds 50%+ Stake in Centratama: More…

Next Earth Soon to Launch Staking and Other Updates

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Next Earth, the NFT-based metaverse replica of Earth with over $10 million in sales of virtual real estate, has announced that it is now in staking development, following the discovery phase of staking. The staking project is expected to launch in June 2022. This means that users holding any virtual real estate on Next Earth will be able to generate one UNIT per tile of land per month. Users will be able to generate staking wallets by spending UNITs, enabling them to get an APR on their NXTT holdings. As…

$1 million rock NFT sells for a penny in all ore nothing error

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It’s a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10. A rock valued at 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer confused WEI and ETH. In a tweet, the seller said “in one click my entire net worth of ~$1 million dollars, gone.” How’s your week? Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth‍♂️ Bot sniped it in…