Month: January 2023

Bitcoin, Sango Coin and the Central African Republic

boss

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed economy than its Central American counterpart, would hope to emulate El…

Dogecoin (DOGE) Is Now 4th Most Popular Cryptocurrency On BitPay

boss

Dogecoin, a dog-themed meme crypto that appears to enjoy strong ties with tech billionaire and Twitter owner Elon Musk, appears to be struggling to gain enough ground for a major upward swing. After peaking at $0.0749 on January 5, DOGE fell victim to a price retracement that pulled it all the way down to $0.0705 the following day. Since then, the altcoin launched a mini rally to recoup some of its losses, enabling it to notch a 2.4% increase in value over the last seven days. According to tracking from…

SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review – The Weekly Bitcoin News

boss

2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush” most cryptos with regulations. Other investors and economists such as Michael Burry and Peter Schiff have also been weighing in on the foreboding atmosphere for the year ahead. Still, peer-to-peer exchange without the need for institutions stifling economic freedom (the original value proposition of bitcoin)…

Pi Network Clarifies Its Tokens Are Not Listed On Any Exchange Yet

boss

Pi Network, which plans to launch smartphone-based mining of Pi coins, has clarified that it has no association with any crypto exchange as of now. Pi tokens listed on any trading platform are fake, it said in a statement. “Pi’s enclosed mainnet design means that $PI listing on any exchange is impossible. The listing violates the network’s policies and is a false native Pi token, representing some form of IOU or other derivatives,” the network added. Pi Network is a cryptocurrency and developer platform that promises to offer the mining of…

Mexican CBDC Unlikely to Be Ready by 2024 – Economics Bitcoin News

boss

The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no date set for its launch. Mexican CBDC Launch Date Still Not Determined On Dec. 29, 2021, the Mexican government announced the development of its own digital peso via social media, which would be launched circa…

HedgeUp (HDUP) Dominates the Scene as Litecoin (LTC) Loses Its Luster

Place/Date: – January 8th, 2023 at 11:00 am UTC · 4 min read Source: HedgeUp The international cryptocurrency market is expected to cross $2.73 billion in 2025 while clocking a CAGR of 13.8%, according to a report. The figures reflect the confidence of cryptocurrency users in a market that has left them impressed with unique assets built with blockchain technology. As crypto users open up to the idea of decentralized finance, they are no longer shying away from opting for more digital assets with multiple uses. To that end, HedgeUp…

Ethereum Classic (ETC) Price Balloons To Nearly 30% In Last 7 Days

boss

Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be “exhausted” and unable to sustain a further rally, yielding technical advantage to the bears once again. Moreover, the altcoin’s Bollinger Bands indicate that it is extremely volatile at the moment, making it…