Latam Countries Prepare Regional Agreement to Counter Rampant Inflation โ€“ Economics Bitcoin News

A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states to lessen the effects of price rises. Latam Countries to Fight Together Against Inflation A group of Latam countries is banding together to organize a joint response against one of the biggest problems the region is fighting right now: inflation. Argentina, Brazil, Colombia,…

Jack Dorseyโ€™s TBD launches โ€˜C=โ€™ to improve Bitcoin Lightning Network

TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, launched a new venture named c= (pronounced c equals) to improve the Bitcoinย Lightning Network through tools and services. The Lightning Network (LN) is a layer 2 payment network built to ease the mainstream adoption of Bitcoin (BTC) by enabling faster, cheaper and more reliable peer-to-peer payments. However, c= aims to further the reach of LN through added liquidity and routing services. โšก๏ธhello world. meet TBDโ€™s @c_equals: https://t.co/j5ZYJmtS3J #lightning โ€” TBD (@TBD54566975) March 2, 2023 Since its launch, the…

INNODEX positioned to compete with Binance and Uniswap in the era of decentralized exchanges

INNODEX, an upcoming decentralized exchange (DEX) by NvirWorld, plans to take on Binance, a centralized exchange and the largest ramp by trading volume, and Uniswap, a DEX on, among other blockchains, Ethereum. In November 2022, the price of Bitcoin fell from around $20k on Nov. 5 sliding to $15k in five days. Despite retracements in subsequent sessions, prices failed to break above $20k until Jan. 14, 2023. Despite challenges, crypto remains popular with more people willing to trade and purchase digital assets via centralized and decentralized platforms. Whatโ€™s driving trading…

Bitcoin price would retest $25K without Silvergate saga โ€” analysis

Bitcoin (BTC) stayed lower into the weekend as ongoing problems at Silvergate bank pressured markets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bad news holds Bitcoin back Data from Cointelegraph Markets Pro and TradingViewย showed BTC/USD lingering at around $22,350 on March 4. The pair had managed to avoid further losses after the initial shock around Silvergate wiped 5% off spot price in minutes.ย  With United States equities delivering a strong finish to the week, however, Bitcoin and altcoins remained unable to capitalize on what traders argued would normally be an…

Bitcoin NFTs to reach $4.5b by 2025

Galaxy Digitalโ€™s research arm predicts the bitcoin nonfungible token (NFT) market will be valued at $4.5b by March 2025 in a โ€œbase caseโ€ scenario. Bitcoin NFTs, currency market facilities, and the possibility of stealing market share fromย Ethereumย all factored into Galaxyโ€™s prediction. Details of the research Galaxy Digital experts assessed the potential expansion of Bitcoin NFTs in a new paper released on Mar. 3. These projections were calculated โ€œconservatively based on the present size of Ethereumโ€™sย NFTย marketโ€ and its growth rate over the previous several years. The research included three distinct market…

Ethereum update allows wallets to operate as smart contracts

Core ethereum (ETH) developers have launched a new software feature called EntryPoint that allows wallet accounts to function as smart contracts. The new feature aims to bring so-called โ€œaccount abstraction.โ€ Crypto account abstraction is a mechanism that enables wallets to handle complex tasks automatically without requiring users to interact with the underlying blockchain. It is an optional feature usually offered to users by crypto wallet providers rather than a protocol-level change in cryptocurrencies like ethereum. By abstracting away the details of the blockchain, users can implement advanced features such as…

Litecoin falling despite new security upgrade

Litecoin is tanking, per charts offered by CoinMarlketCap, despite releasing a significant network upgrade aimed at improving security on the network.ย  The digital asset, currently trading at $89.44, was 5.5% down at the time of writing, despite recording an increase of over 45% in 24 hours. Litecoin now has a circulating supply of 72,400,940ย LTCย and saw a 5.4% decrease in its total market cap, taking it to $7,512,233,632 as of the time of writing.ย  Litecoin 24-hour charts source: CoinMarketCap LTCโ€™s new security feature Litecoin recentlyย announcedย the release of Litecoin Core version 0.21.2.2.…