Day: April 14, 2022

BoJ official says digital yen won’t be used to achieve negative interest rate

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The Bank of Japan (BoJ) has said that its Central Bank Digital Currency (CBDC), the digital yen, will not be used to help attain negative interest rates.  The BoJ’s Executive Director, Shinichi Uchida made the announcement in his most recent public speech. “While the idea of using such a functionality as a means to achieve a negative interest rate is sometimes discussed in academia, the Bank will not introduce CBDC on this ground.” Japan initially adopted negative interest rates in 2016 in an attempt to combat decades of deflation by…

North Dakota hopes to double the $3B of clean crypto mining in the state

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North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence at the conference. The department announced that the state has already secured $3 billion of crypto investment and is close to attracting another $3 billion worth of projects. North Dakota hopes to end its reliance…

Indian Crypto Exchanges Disable UPI, Other Payment Options – Regulation Bitcoin News

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A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges. Indian Exchanges Stop Offering Major Payment Options Options to deposit Indian rupees at cryptocurrency exchanges are dwindling. A growing number of cryptocurrency exchanges have disabled INR deposits using the Unified Payments Interface (UPI) system, which is the most widely used retail payment method. Crypto exchange Wazirx is…

MASSIVE BITCOIN PURCHASE COMING…

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Cash App and Chivo help drive Lightning payment volume up 400%

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A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe.  CNBC today told the story of Alena Vorobiova, a Ukrainian refugee currently seeking sanctuary in Poland. Vorobiova used Lightning to transfer $100 worth of Bitcoin from Miami, where it was then withdrawn from an ATM in the equivalent Polish currency — all within the space of three minutes. That’s the sort of low cost, high speed transaction that has seen the Layer 2 scaling solution…

Analysts tip Bitcoin will stage a comeback

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Several popular cryptocurrency analysts believe the future looks green for Bitcoin (BTC) as it reclaimed the $40,000 mark in a 3.5% swing following a week-long dip. Popular Bitcoin technical analyst on Twitter TechDev issued a prediction to his 381,000 followers that the general direction for the largest cryptocurrency by market cap will be up for the foreseeable future. His April 14 chart drew a comparison between the tremendous rise of the Dow Jones Industrial Average in the ’80s and ’90s to Bitcoin’s price over the past six years. Past performance…

Why Bitcoin Price Could Eye Strong Recovery Above $41.5K

Bitcoin is correcting losses and trading above $41,000 against the US Dollar. BTC could gain bullish momentum above $41,350 and $41,500. Bitcoin remained well bid above $39,250 and started a fresh increase. The price is now trading above $41,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $40,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if there is a clear move above the $41,500 resistance zone. Bitcoin Price…

FIRST LEADER EMERGING as Rising Altcoin Market and Bitcoin Price Chart Show Similarities to History

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Linqto – Private Investing Made Simple – Blockchain Backer’s Cryptocurrency Course – Unstoppable Domains – Decentralized NFT Domain Addresses – My interview with the Unstoppable Domains co-founder: To send me XRP, BTC, ETH, LTC, BCH, or ADA, you can send it to: bcbacker.crypto (My Decentralized Domain Address) Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various…

Dev clears up what’s going on

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The long-awaited Ethereum Merge is set for yet another delay, with developers working on the upgrade estimating a completion time a “few months after” June. Owing to the success of testing, there was a general expectation the Merge would go through mid year, however the latest setback is unsurprising given that Proof of Stake has been delayed constantly ever since it was first proposed. That said, the signs are promising that the Ethereum mainnet will actually merge with the beacon chain to become a Proof-of-Stake (PoS) network this year. For…

Mastercard Files 15 Trademark Applications for a Wide Range of Metaverse, NFT Services – Featured Bitcoin News

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Mastercard has filed 15 trademark applications covering a wide range of services relating to the metaverse and non-fungible tokens (NFTs). “We are continually looking for opportunities to deliver new and unique experiences to our customers and cardholders,” Mastercard said. Mastercard’s NFT, Metaverse Trademark Applications Payments giant Mastercard filed 15 trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and services relating to non-fungible tokens and the metaverse. A USPTO-licensed trademark attorney, Mike Kondoudis, noted that the trademark applications are for…