Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks – and whether bitcoin will be a lifeboat. Original
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Day: March 22, 2023
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’ – Economics Bitcoin News
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, however, believes the timing of the Fednow rollout is “suspicious,” and he suggests that “maybe it’s all about rolling out” a central bank digital currency (CBDC). Fednow Payment Service Prepares to Facilitate Instant Payments, Economist…
ETHEREUM 2.0 – A GAME CHANGER? Proof Of Stake, The Beacon Chain, Sharding, Docking Explained
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io So what is the long-awaited Ethereum 2.0 all about? What is Proof of Stake, the Beacon Chain, Sharding and Docking? And what … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
‘No shortage of passion in the Parisian people’ for PBW amid protests — Animoca Brands CEO
Robby Yung, CEO of metaverse ecosystem developer Animoca Brands, seemed to suggest that, despite the recent attempts to debank crypto and protests on the streets of Paris, confidence in the space was undeterred. Speaking to Cointelegraph on March 22 at Paris Blockchain Week, Yung said the local government had provided a “warm embrace” for crypto and blockchain enthusiasts amid many overflowing trash bins, protests and burned-out vehicles. France’s capital city has seen massive protests since the government pushed through a bill without a vote in the legislature that would raise the…
A third of US crypto holders have experienced theft: Report
Cybersecurity services provider Kaspersky has released a report on risks associated with cryptocurrency use. The report titled “Crypto Threats 2023” focused on the United States and uncovered some surprisingly poor user security habits. Kaspersky surveyed 2,000 American adults in October 2022 and found that 24% of respondents overall owned cryptocurrency or digital assets. Ownership ranged from 36% in the 25-44 age category to 10% among those aged 55 or older. A third of the crypto owners surveyed reported having crypto stolen and an equal portion reported being victims of scams.…
Unstoppable Domains to Roll Out Web3 Messaging Service on Polygon
Sandy Carter, chief operating officer and head of business development at Unstoppable Domains, told CryptoX that its latest messaging service is another step in the company’s mission of fostering Web3 identity and bringing builders together through a Web3 native communication tool that also ensures privacy, a vital feature for sensitive discussions as projects develop. Source DomainsMessagingPolygonRollServiceUnstoppableWeb3 CryptoX Portal
XRP Surges to Strongest Point Since November – Market Updates Bitcoin News
Xrp moved to its highest point since November, as markets reacted to news suggesting a verdict could be near in Ripple’s case with the Securities and Exchange Commission (SEC). Cardano was also higher on Wednesday, hitting a one-month high. XRP rose to its highest point since November, as markets continued to react to the latest news surrounding Ripple’s case with the SEC. Following a low of $0.4199 on Tuesday, XRP/USD raced to an intraday high of $0.4914 earlier in today’s session. This is the strongest point that the token has…
Goldman Sachs Reportedly Testing AI despite Recent Pushback in Banking Sector
Leading bank Goldman Sachs has deployed ChatGPT-like AI products for developers to experiment with code development. Goldman Sachs (NYSE: GS) is reportedly using in-house artificial intelligence (AI) to assist developers with writing code. A top executive at the New York-based banking giant revealed this to the public. According to Goldman Sachs chief information officer Marco Argenti, the AI development is currently in a “proof of concept” stage. Argenti further stated that Goldman Sachs’ generative AI tools experiment is not yet ready for production. However, the development of Goldman Sachs AI testnet…
Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Tech
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Bitwise launches new bitcoin-linked ETF
Bitwise has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) to offer long-term investors regulated exposure to bitcoin (BTC). The US Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF. Barely four months after signaling plans to expand its fund offerings and assembling its active strategies team of industry experts led by Jeffrey Park, Bitwise, one of the world’s largest crypto asset managers, has launched a new type of bitcoin futures ETF dubbed the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). Per a press release by…