January 25, 2023

Quant (QNT) Adds 8% In The Last 24 Hours, Will It Continue To Soar?

January 25, 2023

Like most cryptocurrencies, Quant (QNT) has witnessed a considerable price rally over the past weeks. The token has added more than 8.24% over the past 24 hours. Even the broader cryptocurrency market has recently seen tremendous improvement in its prices. Reports revealed that the cryptocurrency market outperformed the traditional equity market. QNT saw a 14-day gain of 26.8% and a 7-day price surge of 7.58%. These performances could be credited to improving economic conditions and recent improvements on the Quant Network. What Factors Could Be Driving Quant Price Up? Quant…

Saudi Central Bank still researching CBDC, but no decision on deployment

January 25, 2023 boss

The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment. In a Jan. 23 bulletin, the bank stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.” However, it confirmed there had been no final decision to launch such a digital currency in the Middle Eastern nation. “SAMA stresses that although no decision has been made regarding the introduction of CBDC in…

Bitcoin Price Just Saw Technical Correction But Key Uptrend Support Intact

January 25, 2023 boss

Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500. Bitcoin started a downside correction and declined below the $23,000 support zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Tests Key…

Jim Cramer Says Avoid Crypto, Stick With Gold for ‘Real Hedge’ Against Inflation and Economic Chaos – Economics Bitcoin News

January 25, 2023

The host of Mad Money, Jim Cramer, has advised investors to avoid crypto and stick with gold if they “seriously want a real hedge against inflation or economic chaos.” He added that bitcoin is too volatile to use as a currency. “Imagine business owners trying to conduct transactions with shares of Facebook or Google … it’s ridiculous,” he stressed. Jim Cramer Prefers Gold to Crypto The host of CNBC’s Mad Money show, Jim Cramer, gave some investment advice regarding gold and cryptocurrencies on Monday. Cramer is a former hedge fund…

Bitcoin Seesaws Above and Below $23K Again

January 25, 2023

“Now that we start to see prices picking up, we’re starting to see a lot of those traders throw in the towel and just jump in to make sure that they don’t miss the big surge off the bottom that we’re now seeing,” he said. Ether fared less well, falling below $1,550 for the first time in a week. The second-largest crypto by market value was off 5.7% from Monday, same time. Other major cryptos declined later in the day to trade well in the red, with popular meme coins…

Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

January 25, 2023 boss

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments. Speaking on a call at Visa’s annual stockholder meeting on Jan. 24, outgoing CEO Al Kelly — who will officially step down on Feb. 1 — briefly shared the firm’s plans for Central Bank Digital Currencies (CBDCs) and private stablecoins. According to a Jan. 24 report from San Francisco Business Times, Kelly said: “It’s very early days, but we continue to believe…

BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure

January 25, 2023 boss

Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and Alameda Research. According to a Jan. 25 report from CNBC, the unredacted filings show that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX, and a whopping $831.3 million in loans to Alameda. The financials were leaked as part of a presentation put together by M3 Partners, who is an advisor to the creditor committee. Related: BlockFi to sell $160M in Bitcoin miner-backed…

Economist Peter Schiff Explains Why Bitcoin and Gold Are up This Year — ‘They’re Rising for Opposite Reasons’ – Markets and Prices Bitcoin News

January 25, 2023 boss

Economist and gold bug Peter Schiff has explained why bitcoin and gold are going up this year. “They’re rising for opposite reasons,” he said, claiming that the price of gold is climbing as investors view the metal as a hedge against inflation and a weaker dollar. Peter Schiff Explains Why Bitcoin and Gold Are Rising Gold bug and economist Peter Schiff has shared his view on why bitcoin and gold are going up this year. Schiff is the founder and current chairman of Schiffgold, a precious metals dealer specializing in…

80% Of Uniswap Holders Support BNB PoS Chain For Deploying V3 Protocol

January 25, 2023

Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book. For the v3 launch, the protocol carried out a ‘temperature test’ for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens. Surprisingly, about 80% of…

80% Of Uniswap Holders Support BNB Chain For V3 Protocol

January 25, 2023 boss