Month: March 2023

South Korean National Assembly to Pass Digital Asset Law in April – Regulation Bitcoin News

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After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee’s first subcommittee, said the prospects of this happening were bolstered after members agreed to narrow their differences. Politicians Narrow Their Differences According to a Korean media report, the country’s National Assembly is now expected to pass the digital asset market regulation bill. As stated in the report, the passage of the bill by…

Citi Believes CBDCs and Tokenization Will Drive Mass Adoption of Crypto

Citi believes that the tokenization of financial and real-world assets on the blockchain platform would be a “killer use case” and could reach up to almost $4 trillion in value by 2030. Blockchain technology and crypto assets are making inroads into mainstream finance very fast as financial giant Citi acknowledges the same. In its latest March report “Money, Tokens, and Games: Blockchain’s Next Billion Users and Trillions in Value,” Citi said that the industry is finally approaching an inflection point. The banking giant stated that blockchain technology would very soon…

BTC price to $22K? Watch these key levels into Bitcoin monthly close

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Bitcoin (BTC) is back below $28,000 as the countdown to the monthly close keeps everyone on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week trend line among popular BTC price targets Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping to two-day lows of $27,533 on March 31. A modest bounce means that the pair is trading at around $27,800 at the time of writing as traders flag the most important support and resistance levels going forward. For Crypto Tony, the current part of Bitcoin’s trading range…

US Accountants Ready To Invest In Blockchain, AI Tools Like ChatGPT

In a recent Intuit survey, accountants in the United States have recognized the impact of technology on their businesses. Nearly half of those surveyed are ready to splash on blockchain and artificial intelligence (AI) solutions to grow and serve their clients better. Accountants Are Pro-Technology In a press release on March 29, The Intuit QuickBooks Accountant Technology Survey, collecting feedback from 2,000 accountants in the United States, revealed that accountants know how technology can influence growth. Subsequently, they are keen to prioritize technology investment to move their business forward. Of…

why they may be better than altcoins

Cryptocurrency has become a popular investment option in recent years. Due to their price fluctuations, bitcoin (BTC), ethereum (ETH), and other altcoins have made headlines. However, one class of digital currencies, known as stablecoins, has emerged as a more stable and reliable option. In this article, our crypto knowledge base will discuss stablecoins, how they work, and why they may be a better investment option than altcoins. What are stablecoins? Stablecoins are cryptocurrencies that are created to maintain a stable value. Unlike bitcoin and other altcoins that are volatile, stablecoins are pegged…

Shiba Inu’s Testnet ‘Puppynet’ Sees Rising Activity Ahead of Shibarium Mainnet

“Moreover, Unification, the firm behind Shibarium, announced that it is working on an all-in-one wallet solution that will enable native two-way asset transfers, staking/delegating, as well as include a Shibaswap integration module. These developments suggest that the value of SHIB and Bone, the native token of the Shibarium network, could witness a near-term price spike, but given the current macroeconomic climate, any such movements will likely to be short-lived,” Lin cautioned. Source

Here’s how the crypto industry is using artificial intelligence

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The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from $220.5 million in 2020 to $973.6 million in 2027 at a compound annual growth rate of 23.6%. Countless projects are trying to put AI at the forefront of their use cases. Despite Tesla CEO Elon Musk and other prominent tech moguls penning an open letter calling on AI companies to suspend large-scale AI development temporarily,…

Nikola Plans to Raise $100M in Secondary Common Stock Offering 

Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints. America’s leading manufacturer of wavy-duty commercial battery-electric vehicles Nikola Corporation (NASDAQ: NKLA), is planning to generate $100 million by offering shares of its common stock. The company announced on March 30 that it had started an SEC-registered underwritten public offering. Following news on the common stock shares offering, Nikola dropped over 7% in extended trading after closing down 6.67%. Nikola Announces Secondary Common Stock Offering According to the announcement, Nikola explained that the plan…

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase – Economics Bitcoin News

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China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. China Advances De-Dollarization Efforts With Brazil and France China is positioning its fiat currency, the yuan, as a U.S. dollar alternative for international settlements. The Chinese government recently achieved two milestones in this sense, inking…

Crypto Exchange Binance Rolls Out New Trading Support for Under-the-Radar Altcoin

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Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin. Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings. Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.” Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total…