Month: May 2022

BTC Heads Towards $40,000 Following FOMC – Market Updates Bitcoin News

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Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hike in over twenty years. Bitcoin Bitcoin rose for a second consecutive session on Thursday, as bulls were buoyed by the Fed’s decision to increase interest rates. Following yesterday’s surge, BTC/USD climbed even higher during today’s session, as it moved closer to the $40,000 level. BTC hit an intraday high of $39,902.95 earlier today, which is…

Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

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Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.5 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history. Source: DappRadar Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase. Many new hyped NFT projects also contributed…

IMF Sounds Warning Following Bitcoin Adoption In The Central African Republic

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The Central African Republic recently adopted Bitcoin and Other cryptos to bolster the failing economy Officials from the IMF said the decision poses significant risks to the economic integrity of the region Similar rhetoric from the IMF surfaced after El Salvador adopted Bitcoin as legal tender CAR lawmakers insist that the move is necessary According to a report from Bloomberg, officials from the International Monetary Fund (IMF) are wary of the Central African Republic’s decision to legalize cryptocurrencies and adoption Bitcoin as legal tender.  JUST IN: The IMF says the…

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Fashion icon Phillip Plein goes crypto

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In an attempt to bring the fashion industry into new innovations and trends, many brands are entering the cryptoverse to test out the waters. Fortunately, the crypto industry has its arms wide open, ready to accept the fashion world and grow. One fashion designer who has recently started dipping his toes in the crypto world is Philipp Plein. He participated in Decentraland’s Metaverse Fashion Week, showcasing a collection alongside Dolce & Gabbana, watch company Jacob & Co and many others who joined Decentraland in an attempt to bring fashion and…

A third of Brits have bought crypto, says Coinbase report

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Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency, according to a Coinbase research piece carried out by Qualtrics. The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend to increase their holdings over the next 12 months. For Danny Scott, CEO of the United Kingdom’s leading Bitcoin exchange, CoinCorner, the statistics “seem incredibly high.” Scott suggested that “we’re seeing a quiet period from…

From Almost Zero to Crypto Hero

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When PLC Ultima (PLCU) launched in 2021, who could have predicted this new coin would go on to become one of the world’s most valuable cryptocurrencies with a community of more than one million people across 120 countries around the globe. Moreover, the speed at which PLCU grew its community and attained this valuation is particularly impressive. Within six months of its launch, PLCU had matched the world’s best-known cryptocurrency and in less than a year, sprinted past the leading Bitcoin to become more than twice its value. How PLCU…

ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals – Finance Bitcoin News

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The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European Central Bank has thrown some light on the regulator’s “preliminary views” on the privacy-related features of the digital euro. It comes as the project to issue a central bank digital…