Month: March 2023

Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency – Economics Bitcoin News

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Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might touch the $10,000 mark. Analyst Makes Case for $8,000 Gold Prices Jan Nieuwenhuijs, a gold market researcher, has predicted that the price of gold might exceed $8,000 during the next decade, as central banks shift…

Crypto exchange Binance launches new regional hub in Georgia

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Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia. On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities. According to the announcement, Binance’s Georgia division currently employs 25 people cooperating with the local public and private sectors to organize educational and hackathon…

Nasdaq Says Institutional Adoption for Crypto Growing Steadily

Despite the high-handed regulatory action in the United States, Nasdaq is optimistic about securing regulatory approval in the first half of 2023 for offering crypto custodial services. The 52-year-old exchange operator Nasdaq has been recently eyeing a move in the crypto market and is working to offer crypto custodial as well as trading services to its clients. Currently, Nasdaq has been awaiting approval from the New York Department of Financial Services (NYDFS) by the end of June 2023 to start offering crypto custodial services to its clients. Over the last…

European DeFi startups saw 120% increase in VC investment in 2022: Data

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2022 was a turbulent year for the crypto space, to say the least; from an ongoing bear market and crash for LUNA to the downfall of FTX one of the industry’s most prominent players. Despite the setbacks, VC investors continued to show support for crypto startups. According to a new study released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested European DeFi startups hit $1.2 billion in 2022, which is a 120% increase from the previous…

Will BTC ditch the bear market? 5 things to know in Bitcoin this week

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Bitcoin (BTC) enters the last week of March in uncertain territory as a strong weekly close still keeps $30,000 out of reach. The largest cryptocurrency has sealed seven days of practically flat performance despite some volatility in between as the market seeks fresh direction. Where could it go next? In what was a week of more surprises from the macro economy, BTC/USD spent much time reacting to decisions from the United States Federal Reserve and associated commentary. Next up, however, is a period of relative calm, followed by a key…

How to buy NFTs without owning crypto

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Nonfungible tokens (NFTs) have become a popular way for creators to sell digital art and other unique items. Yet because they do not own cryptocurrencies, many people are afraid to invest in NFTs. So, can you buy NFTs without owning crypto?  The good news is that one can purchase NFTs without owning any cryptocurrency. For instance, users can buy NFTs with dollars, credit cards or through a friend. This article will look at a number of ways to buy NFTs with fiat money and other methods. Buying NFTs with a…

Terra co-founder in S.Korean crosshairs following Do Kwon arrest

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Following Terraform Labs’ co-founder Do Kwon’s arrest in Montenegro while trying to board a plane using fake documents, South Korean authorities have turned up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin — Terra’s other co-founder. Since November 2022, South Korean authorities have suspected the involvement of numerous Terra colleagues in helping Do Kwon promote unstable and uncertain investment opportunities with Terra (LUNA) and TerraUSD (UST) tokens. Translation from Montenegro Minister of Interior Filip Adzic – “ONE OF THE WORLD’S MOST WANTED FUGITIVES WAS ARRESTED IN…

Titanium Blockchain CEO Gets 4 Years Jail Time For BARs ICO Fraud

Titanium Blockchain chief executive Michael Stollery has been handed a four-year prison sentence for his involvement in a 2018 initial coin offering scandal that left investors $21 million out of pocket.  Stollery, who founded Titanium Blockchain Infrastructure Services (TBIS), was a central figure in what the U.S. Department of Justice has called a “cryptocurrency fraud scheme.” The scheme revolved around an ICO for TBIS that took place between late 2017 and early 2018, and the Titanium Blockchain big boss was instrumental in its orchestration.  The case is just the latest…

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager – Featured Bitcoin News

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The number of irretrievably lost bitcoins has now reached 6 million, which leaves 13.3 million as coins that remain in circulation, Timothy Peterson of Cane Island Alternative Advisors has said. Peterson added that out of the 1.7 million bitcoins that will be mined in the next 100 years or more, one million coins will be lost in the same period. One Million Lost Bitcoins According to Timothy Peterson, an author and manager of Cane Island Alternative Advisors, the number of irretrievably lost bitcoins has now reached 6 million. In his…