Month: January 2023

Norway’s digital currency project raises privacy questions

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The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at the regional level.  However, as the race to test and implement central bank digital currencies (CBDCs) accelerates every day, the Scandinavian nation is taking an active stance on its own national digital currency. In fact, it was among the first countries to begin the work on a CBDC back in 2016. Dropping cash In recent years, amid a rise in cashless…

BTC Moves to 5-Month High, as ETH Nears $1,700 – Market Updates Bitcoin News

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Bitcoin surged to a five-month high to start the weekend, as bullish sentiment returned to cryptocurrency markets. Prices of the world’s largest digital currency rose above $23,000, rebounding from a recent drop towards $20,000. Ethereum also rallied, as it hit its strongest point since September. Bitcoin Bitcoin (BTC) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high. Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today. Today’s rally saw bitcoin jump to its highest level…

Switzerland Less Affected by Crypto Industry Crisis, Study Finds – Economics Bitcoin News

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While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left it, or the business altogether. Crypto Valley in Switzerland Maintains Number of Residents Despite Crypto Winter The market downturn and the collapse of platforms like cryptocurrency exchange FTX and the Terra-luna ecosystem sent shockwaves through the industry. The negative events of 2022…

The Use of Blockchain in the Film Industry

Web 3.0 technologies are making further inroads into a variety of traditional businesses, hence introducing innovation to previously established protocols. This encompasses creative industries that have a long history, such as the music business, as well as more contemporary creative sectors, such as the film industry. The new film Fuzzy Head will have its world debut this year at the Slamdance Film Festival, which is an Oscar-accredited film festival for independent filmmakers. The production of the film was made possible by the blockchain-powered crowdfunding site Untold.io. “The most crucial part…

Exploring the Top Players in the Crypto Space: Big Eyes Coin, Polkadot, and Dogecoin

Place/Date: – January 21st, 2023 at 9:38 am UTC · 4 min read Source: Big Eyes Coin Welcome to the world of crypto, where innovation, growth, and community are the key ingredients to success. In this article, we’ll be exploring three of the most notable players in the crypto space: Big Eyes Coin, Polkadot, and Dogecoin. As institutional investors continue to recognize the potential of digital assets, these projects are well-positioned to make a big impact in the crypto world. From the presale success of Big Eyes Coin to the…

UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit – Regulation Bitcoin News

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The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan Al Olama, no crypto entity has been “able to onboard any customers even last week.” VARA Has Yet to Grant a Full Market Product License The United Arab Emirates’ virtual assets regulator, the Virtual Assets Regulatory Authority (VARA), has not issued any operating license to date, the country’s digital economy minister Omar Sultan…

Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high

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Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more upside. As noted by intraday trader Skew, Asia was leading the way into the weekend,…