Day: March 23, 2023

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

Whether the U.S. participates or not, the rest of the world is exploring and deploying CBDCs. According to the Atlantic Council, 114 countries, representing more than 95% of global gross domestic product, are exploring CBDCs. Actively engaged in this digital gold rush are 19 of the G-20 countries, including India, Japan, Russia and South Korea, each of which has made significant recent progress. The European Central Bank is expected to introduce a prototype for a “digital euro” by the end of 2023, becoming more widely available by 2025. The central…

SEC Urges Investors to Be Cautious With Crypto Securities

The regulator’s warning comes the day after Coinbase (COIN) disclosed the SEC issued it a Wells Notice indicating a possible imminent enforcement action tied to the exchange listing of potentially unregistered securities. Coinbase’s Nasdaq-listed shares were hit hard by this news, slumping as much as 20% in early trading on Thursday. At the time of writing, they are have recovered around half of their losses, down 10% at $69.32. Source

Banks and the Fed have a problem — What about crypto?

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In this week’s episode of Market Talks, Cointelegraph welcomes Dave Weisberger, CEO and co-founder of CoinRoutes. Weisberger has over 35 years of experience in market structure, quantitative finance and trading automation. He started his career at Morgan Stanley where he built its first program and electronic trading systems. Weisberger is a strong economic freedom advocate and digital asset believer. We start things off with our main topic for today: the banks and the United States Federal Reserve and the problems they are currently facing. Crypto seems to be unaffected by this at…

DOGE Rebounds, LTC Climbs 13% Higher – Market Updates Bitcoin News

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Litecoin was one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. This came despite the global crypto market cap shifting lower, down 1.65% as of writing. Dogecoin was also higher, as the meme coin rebounded from Wednesday’s losses. Litecoin (LTC) Litecoin (LTC) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95. As a result…

Why is Litecoin price up today?

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Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH).  Litecoin attracts Bitcoin and Ethereum investors LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC and ETH rising 1.79% and 1.42%, respectively. The Federal Reserve’s 25 basis points (bps) rate hike on March 22 appears to be the key driver behind Litecoin beating its crypto rivals over the past 24…

Investors have more work to do in ensuring the success of Web3: PBW2023

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A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new paradigm disrupts traditional business models and provides opportunities for startups and investors to tap into a new market.  In the panel “Crypto, Culture, and Capital: How Web3 is Changing the Game for Startups and Investors,” the group discussed how Web3 startups are different from Web2 startups and how the different cultures existent in them shape and affect their various ecosystems.…

Regulation still key for the evolution of CeFi: Paris Blockchain Week

Centralized finance (CeFi) will continue to be an important avenue to drive the adoption of decentralized finance (DeFi) services in the future, but regulatory considerations remain a significant part of the process. This was a key theme that emerged during a panel titled ‘How to Do CeFi Right – the Balance Between TradFi & DeFi?’ at Paris Blockchain Week. A handful of industry experts weighed in on the current state of CeFi and DeFi, their relationship and importance for the future of the space. Eric Turner, vice president of market…

Radix Pulls $10M in New Funding to Top $400M in Valuation

Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets. Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster its engagement to help chart the evolution of the blockchain ecosystem. According to a Press Release shared with Coinspeaker, the Radix funding was led by DWF Labs, one of the biggest players in the Web 3.0 world. “It is…

Cointelegraph Markets Pro delivers alerts for 113% gains from 5 trades in the face of 10% BTC drop

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In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto trading platform displayed how its members could have captured a cumulative 113% gain by following five trades based on three different advanced data indicators. The report depicts trading alerts generated between March 5 – 10, 2023.  The potential gains available to Cointelegraph Markets Pro subscribers significantly outperform a simple buy-and-hold strategy during the same period, which would’ve yielded holders of Bitcoin (BTC) a loss of 10%. Cointelegraph Markets Pro uses indicators such as the VORTECS™ Score, NewsQuakes™ and Tweet Volume…