Day: April 27, 2022

Bitcoin Falls Below $38,000 As Tech Stocks Sell-off

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The price of Bitcoin fell below $38,000 on April 26 as tech-related stocks were some of the hardest-hit assets. As a result, traders were cautious to see if Bitcoin could hold its “macro-level support” zone. Elon Musk’s purchase of Twitter news created hype in the crypto industry on April 25. Bitcoin and many other altcoins had responded to this, especially Dogecoin, which saw an impressive surge in price. Related Reading | Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying As the hype surrounding Elon Musk’s purchase of Twitter…

Buying on Coinbase NFT

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Coinbase NFT team is demonstrating features to the NFT community for feedback in advance of the product launch. In this video, Sanchan Saxena, Coinbase’s VP of Product – Ecosystem, shows how easy it is to buy an NFT with a self-custody wallet on Coinbase NFT. The platform makes it easy to see relevant information such as verified collection status, floor price, and to make the purchase with the wallet of your choice. And, of course, the newly purchased NFT will show…

The Philippines will launch pilot wholesale central bank digital currency project

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The project will be led by an intersectoral domestic team, Diokno said, as well as “external advisers from international standard-setting bodies and multilateral institutions to build on training and knowledge sharing on CBDC development and implementation all over the world.” Diokno called the project “critical in constructing the BSP’s medium- to long-term roadmap for more advanced wholesale CBDC projects that will further strengthen the Philippine payment system.” A presentation prepared in advance of the roundtable stated, “There is minimal perceived added value for the use of retail CBDC in the…

Banco Central de Cuba entregará licencias a proveedores de servicios de activos virtuales

Los proveedores de servicios tendrán permitido operar con activos virtuales aprobados por el BCC, según la resolución, que no reveló más detalles. Sí especificó que los activos virtuales “no incluyen representaciones digitales de moneda fiat, valores y otros activos financieros de amplio uso en los sistemas bancarios y financieros  tradicionales, los cuales se regulan en otras disposiciones del Banco Central de Cuba”. Source

Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK – Bitcoin News

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22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom. Trends…

Bitcoin Stabilizes as Bearish Sentiment Pauses

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Analysts noticed signs of buyer demand around $38,000 in bitcoin, although it remains to be seen if the cryptocurrency can break above its short-term downtrend. For now, bitcoin appears to be “falling out of the window, but latching onto the windowsill,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. Original

Can Crypto Deliver on Private Transactions in Cashless World?

Right now, the simple answer is no – crypto cannot deliver on similar privacy to cash. There are currently too many issues that prevent crypto transactions from replacing the fiat transactions of the current payments landscape. Notably, the fluctuation in the prices of cryptocurrencies makes it unlikely they can be a “main” payment option for most. In addition, any merchant transacting in crypto will need to convert crypto into fiat, relying on an over-the-counter (OTC) service to access liquidity. This means that anyone accepting crypto will either have to be,…