Day: January 17, 2023

Binance Launches Off-exchange Settlement Solution Binance Mirror for Institutional Investors

Binance announced it recorded a huge influx of institutional investors interested in digital assets during the fourth quarter of 2022. The Binance cryptocurrency exchange, the world leading digital asset exchange on daily traded volume and global regulations, has announced the launch of its off-exchange settlement solution for institutional investors dubbed Binance Mirror. According to the announcement, digital assets in the Binance Mirror account for more than 60 percent of all assets secured on Binance Custody. As such, the company saw it prudent to provide institutional investors with a secure alternative…

WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Consumer Space Later – Metaverse Bitcoin News

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The World Economic Forum (WEF) has published an article predicting how metaverse tech will evolve and how it will be introduced in different sectors. For the organization, the biggest impact of the implementation of this tech will be observed in industrial environments, where it will contribute to carrying out more tasks and reducing expenses. WEF Believes Metaverse Tech Will Impact Industry First The World Economic Forum (WEF) believes that the metaverse will be first applied in industrial environments, instead of being adopted first by consumers. In an article published on…

Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

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Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Concern over BTC liquidity “exploit” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated above $21,000 after hitting $21,455 on Bitstamp. That marked the pair’s highest point yet in 2023, the latest accomplishment in a bullish recovery unchallenged since the FTX debacle. Amid widespread mistrust of the move, however, fresh warnings arose as Bitcoin continued to defy predictions of a major retracement.…

Bradesco Unveils Its First Tokenized Bank Credit Note, BBD Shares Drop 3%

Bradesco joins other banks in Brazil already offering tokenized assets including Itaú Unibanco and Santander. Banco Bradesco SA (NYSE: BBD), a Brazilian financial services company headquartered in Osasco, launched its first tokenized bank credit note on Friday. According to a report by Coindesk, Bradesco completed the transaction for a total of 10 million Brazilian reals – equivalent to $1.95 million – under a regulatory sandbox run by the Central Bank of Brazil. The bank added that it was the first financial market tokenization operation regulated by that monetary authority. Bradesco’s…

China’s Digital Yuan Used to Buy Securities for the First Time: Report

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Socios.com Offering Game-Scoring Balls to Token Holders

Turning game-scoring balls into fan engagement tools is part of Socios.com’s latest moves to improve how fans interact with the beautiful game and collect memorabilia. Blockchain-based fan token platform, Socios.com, has unveiled plans to allow its token holders to own game-scoring balls from the Italian Supercup Final. Any ball scored will be outfitted with an NFC chip by match officials. The chip validates the authenticity of the ball, allowing the ball’s information to be tracked and stored. Whoever wins the ball will also have their ownership authenticated with the chip.…

Troubled crypto lender Vauld gets extended creditor protection

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Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.  As reported by Bloomberg on Jan. 17, Vauld has been granted more than a month to close its negotiations with one of two digital-asset fund managers to take over the executive control of the tokens stuck on its platform. Apparently, the Singapore high court was satisfied by the company’s claim that the negotiations have entered to the “advanced stage.” In…

Rally Could Resume Above $1.05

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MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone. MATIC price started a decent increase above the $0.85 resistance against the US dollar. The price is trading above $0.92 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.955 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.08 and $1.20 resistance levels. Polygon’s MATIC…