Day: March 20, 2023

Paris Blockchain Week 2023: Latest updates by Cointelegraph

Paris Blockchain Week 2023 (PBW) is about to kick off its ‍4th year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and was sold out the previous year. The Cointelegraph team is stationed in Paris for the latest news from the ground. This year’s edition of PBW has speakers from some of the industry’s biggest players, such as Consensys, Ledger, Animoca Brands, Alogrand, Reddit and more. The event consists of the main summit and Web3XP on all things…

How do blockchain forensics and asset tracking work?

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Blockchain forensics involves the analysis of blockchain data to investigate criminal activities such as fraud, money laundering and illicit transactions.  Nonetheless, the methods employed in blockchain forensics can vary depending on the particular application and the type of data being evaluated because it is a complicated and rapidly developing area. Yet by combining a variety of strategies and resources, investigators can better understand criminal activity on the blockchain and contribute to the fight against financial crime. The following are some of the key techniques used in blockchain forensics. Network analysis…

Balaji Srinivasan places a $2m bet on bitcoin’s performance

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On March 18, former a16z partner and Coinbase CTO Balaji Srinivasan announced that he is moving $2 million into USDC for a bitcoin (BTC) bet. He thinks cryptocurrency will hit $1 million within 90 days. Balaji Srinivasan went bullish, predicting BTC will reach $1 million by June 17. James Medlock, a pseudonymous Twitter user, set the gamble on March 27 by betting $1 million that the United States economy would not experience hyperinflation. I’ll bet anyone $1 million dollars that the US does not enter hyperinflation — James Medlock (@jdcmedlock)…

Top 7 virtual reality movies to add to your watchlist

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Virtual Reality (VR) movies add a new dimension to entertainment by immersing viewers in a fully-realized three-dimensional environment. The immersive experience can transport viewers to new and exciting worlds, allowing them to fully explore and interact with their surroundings. This adds interactivity and engagement that classic movies cannot match. VR movies can also provide a heightened sense of immersion and realism, allowing viewers to feel like they are truly part of the story. Additionally, VR technology can allow for new and innovative storytelling techniques, such as 360-degree storytelling, which can provide…

Bitcoin Bulls Take Over as Cryptocurrency Surges to Impressive 90-Day High

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After months of uncertainty, Bitcoin (BTC) has finally broken free from the bearish grip that has held it down. The cryptocurrency has made its first higher high since hitting its all-time high, signaling the start of a new bullish trend. While the price could still fluctuate, any downward trend from here would not be a continuation of the previous bear market. This breakthrough in bitcoin’s price offers renewed hope to investors and crypto enthusiasts who have been patiently waiting for a bullish turn. Bitcoin, which reached its all-time high (ATH)…

Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis – Bitcoin News

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On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The announcement followed a banking crisis that began with the collapse of three U.S. banks and spread internationally. Turmoil in Banking Industry Leads to Coordinated Action to Enhance Liquidity Before Wall…

OKX to cease operations in Canada by June 22 2023

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On Mar. 20, cryptocurrency exchange OKX informed Canadian users via email the firm “will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST,” citing “new regulations.” According to OKX, existing Canadian customers must close open positions in options, margins, perpetual, and futures by June 22, 2023. Fiat or tokens must also be withdrawn by the said date. “Your funds will remain safe in your account until you withdraw them. You will be able to withdraw dollars to your…

Rattled crypto industry could emerge stronger after USDC depeg

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USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time.  The place was Silicon Valley Bank (SVB), a commercial bank with $209 billion in assets, where USDC issuer Circle had deposited $3.3 billion of its cash reserves for safekeeping. The time was the present: one of rapidly rising interest rates in which institutions like SVB, which had long been gathering short-term deposits to buy long-term assets, got whipsawed. For several harrowing days, USDC lost its peg to the U.S. dollar, sinking…