Day: July 25, 2023

Japan PM reaffirms Web3 plans as Binance announces imminent launch

Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote address on day one of the WebX conference in Tokyo, Japan as initially reported by local media outlet CoinPost. On the same day, Binance CEO Changpeng Zhao announced the cryptocurrency exchange would launch its services on a new Japanese platform in August 2023. Japanese Prime Minister Fumio Kishida addresses at #webx “Web3 is part of the New Form…

TikTok launches text posts feature to rival Twitter and Threads

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Social media giant TikTok announced a feature launch aimed at dethroning Twitter (recently rebranded to X) as the go-to text-based social media platform. Just 20 days after Mark Zuckerberg’s Meta launched Threads to rival X, TikTok joined the race by allowing TikTokers to create and post text-based content. The new feature aims to provide a platform for users that display their creativity over comments and captions. TikTok user interface for text posts. Source: TikTok When creating a new post on TikTok, users can choose between photo, video and text. Unlike…

McGlone predicts Bitcoin at $100k amid economic hurdles

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bloomberg Intelligence’s senior macro strategist, Mike McGlone, remains optimistic about Bitcoin’s long-term prospects, maintaining his forecast of a $100,000 price. Senior macro strategist at Bloomberg Intelligence, Mike McGlone, remains firmly rooted in his earlier prediction of Bitcoin (BTC) achieving a six-figure price. However, he acknowledges potential significant challenges on the road to this goal. In a recent conversation with Scott Melker, a well-known crypto influencer, McGlone reiterated his belief in the long-term value proposition of Bitcoin.…

Federal Regulators Are Needed for Crypto Oversight: U.S. GAO

Major U.S. financial regulators – the Consumer Financial Protection Bureau (CFPB), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System, the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) – should jointly establish or adapt an existing formal coordination mechanism, the report says. Source

Investors anticipate Borroe at $1 billion, BNB under pressure and MATIC firm in 2023

Achieving a market cap of $1 billion is difficult for any digital currency. However, Binance (BNB) and Polygon (MATIC) are among the few that have surpassed this milestone. In addition to forecasting the future of BNB and MATIC, some investors believe Borroe, a crypto project, could also achieve the same feat this year. >>Buy ROE tokens now<<  Borroe is a web3 invoice and recurring revenue Marketplace Borroe is a revenue financing solution for web3 participants with cash flow issues. It consists of a blockchain and artificial intelligence (AI)-driven crowdfunding marketplace where…

US crypto’s future could fall on these 4 digital asset bills

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Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators. However, at least four of them are seen as potentially having a major impact on the industry (if passed) — given the attention from lawmakers and the crypto industry alike. Financial Innovation and Technology for the 21st Century Act This bill introduced on July 20, aims to create a solid process for determining if a digital asset is a commodity or security…

Elon Musk adds Dogecoin symbol to his bio on Twitter

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As Twitter was rebranded to X on July 24, Elon Musk has surprised the crypto community by adding Dogecoin (DOGE) symbol to his bio. The change came as Twitter’s iconic logo, a blue bird, changed to X on early July 24. Moreover, there are speculations that new Twitter rules will allow selling and buying DOGE and other crypto. X TO IMPLEMENT BUYING AND SELLING OF DOGECOIN AND CRYPTO. — Whale (@WhaleChart) July 24, 2023 The move…

Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action

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Crypto options exchange Deribit’s future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future.  On July 24, crypto derivatives analytics platform Greeks Live noted that the volatility index for both Bitcoin and Ether (ETH) has fallen to a multi-year low of 37%. Furthermore, the current implied volatility level has fallen to the lowest level in crypto’s history according to the DVOL algorithm, it added.…

Dogecoin Price (DOGE) Jumps 10%

Dogecoin is gaining bullish momentum above the $0.075 resistance against the US Dollar. DOGE could extend its rally toward the $0.085 resistance zone. DOGE is currently trading in a bullish zone above $0.072 resistance against the US dollar. The price is trading well above the $0.075 zone and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The price is up nearly 10% and might extend its increase…