Month: March 2023

Cardano Blockchain Releases Update to Enhance Network Communication

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Major Crypto Exchange To List Dogecoin and Shiba Inu Competitor That’s Surged Over 300% Year-to-Date

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Major crypto exchange Bitpanda is listing Floki Inu (FLOKI) after the meme token surged more than 300% this year. The Austrian-based exchange says investors can start trading FLOKI on their platform beginning March 17th. “Less than 24 hours until we let the dogs out! Well FLOKI more specifically.” The Dogecoin (DOGE) and Shiba Inu (SHIB) competitor is celebrating how the listing will make it easier for those living in Europe to invest in the token. “Bitpanda will be listing FLOKI on the 17th of March! With over 4 MILLION users,…

Messari CEO Says Bitcoin Price Can Breach $100K in a Year

The Messari CEO said firms may choose to use Bitcoin as the exit plan. The growing strain in the broader financial market has been tagged as a yardstick for a more ambitious fundamental that can drive Bitcoin (BTC) price growth according to projections from Messari CEO, Ryan Selkis. Taking to his official Twitter account, Selkis said he believes Bitcoin can touch a $100,000 price target within the next 12 months. As an expert who runs one of the most versatile crypto analytics platforms in the Web 3.0 world, Selkis gave…

Fed Swells Its Balance Sheet by $300 Billion in Wake of Crisis, All Monetary Tightening Efforts in Vain?

As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures. The banking crisis last week in the US pushed Wall Street to the edge giving glimpses of yet another 2008-like financial crisis. However, the Fed and other agencies intervened pumping a fresh $300 billion into the economy and thus increasing its balance sheet. This has served as a temporary oxygen to the global market as all the top-three US indices gained…

Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund – Africa Bitcoin News

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The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at lower entry valuations on average than in prior years.” Startups Offering Blockchain-Based Solutions Qualify for Funding The pan-African venture capital firm, Echovc, recently said it had launched an $8 million fund which is dedicated to Africa’s blockchain startups. According to the company’s…

Swiss Bankers Association Proposes Joint Deposit Token

Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by registered institutions and cited a push to regulate stablecoins by the FSB, OECD, and BCBS. This will enable supervision and optimal investor protection. Again, it stated the widespread adoption of digital currencies, including stablecoins, the breakdown in the crypto…

Astra Seeks Deadline Extension from Nasdaq to Avoid Delisting

In addition to seeking the grace period from Nasdaq, Astra also mentioned a possessive reverse stock split. Rocket launch startup Astra Space (NASDAQ: ASTR) has drawn a plan to avoid a delisting from the Nasdaq. The stock trading platform gave the small rocket builder a deadline to exceed a share price level of $1 or face removal. This came after Astra’s share remained below $1 for 30 consecutive business days, violating Nasdaq listing rules. At press time, Astra trades at $0.42, having gained 2.38% in an after-hours trading session. As the April…