Month: January 2023

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…

BTC Price Up Above $21,000 as Bitcoin Halving Is 435 Days Away

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Analysts expect 2023 to be a “recovery year” for Bitcoin as the next Bitcoin halving event is 435 from now. The world’s largest cryptocurrency Bitcoin (BTC) made a sharp recovery over the weekend with its price surging past $21,000 levels. Currently, BTC is trading at a price of $21,169 and a market cap of $407 billion. It has been the 12 consecutive days of gains for BTC marking its longest winning streak in over two years. With the recent move, Bitcoin has also extended its weekly gains to more than…

Seoul Government Launches Metaverse City for Its Citizens

More than 17% of the South Korean population is over sixty-five years old as of the data generated in 2022, and hence, providing vital information via the Metaverse seems to be a very natural course of action. The Seoul Metropolitan Government has revealed its Metaverse Seoul project, which enables citizens of the South Korean capital to avail of city services in the digital ecosystem. In an announcement on January 16, Seoul Mayor Oh Se-hoon explained that the inauguration of the initial phase of Metaverse Seoul followed a beta investigation of…