Month: September 2023

Brazil’s crypto surge prompts central bank to tighten regulation

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The governor of Banco Central do Brasil, Brazil’s central bank, said the bank has noted a significant surge in crypto adoption in the country and intends to react by tightening the digital assets regulation.  During his speech to the parliamentary Finance and Taxation Commission on Sept. 27, Roberto Campos Neto reported the rise of “cryptocurrency imports” by Brazilians. According to the central bank’s data, imports of crypto rose by 44.2% from January to August 2023 when compared with 2022. The total funds were about 35.9 billion Brazilian reals ($7.4 billion). Related:…

Is Bitcoin price going to crash again?

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Bitcoin (BTC) is still in a bullish reversal when looking at this year’s price chart. The BTC price has gained 70% after bottoming out at around $16,800 in November 2022, defying rate hike fears while riding on growing exchange-traded fund approval optimism.  However, in recent months, Bitcoin bulls have failed to sustain the BTC price above $30,000. Therefore, with the “bullish” halving still over 200 days away, many traders wonder if the Bitcoin price will crash again in the coming months.  Cointelegraph looks at the possible scenarios as Q3 draws to a close.…

Tradecurve Markets rallies in presale, PancakeSwap and ApeCoin remain under pressure

Most investors want to end the year on a high note. As such, they are actively exploring multiple projects, including Tradecurve Markets, a hybrid exchange. Amid this development, experts note that PancakeSwap (CAKE) and ApeCoin (APE) have lost their shine. PancakeSwap partners with Transac PancakeSwap, a decentralized exchange, has partnered with Transac to attract more users, allowing them to trade efficiently. Traders can use fiat payment methods like bank transfers and credit cards. This feature was unveiled after the release of PancakeSwap v3.  Despite this partnership, CAKE remains under pressure. On…

Crypto Analyst Predicts 1160% Surge

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In a follow-up to his previous intricate analysis, renowned crypto analyst EGRAG CRYPTO has unveiled another riveting forecast for the XRP price trajectory. Drawing insights from his recent observations, Egrag points to a potential mammoth rise in XRP’s value, suggesting an impressive increase of 1,160%. This surge, he predicts, could elevate the digital asset’s price to an estimated $6.7, with possible fluctuations placing it within a range of $6.5 to $7. Here’s Why A 1,160% Move For XRP Seems Possible The genesis of this bold prediction lies in Egrag’s methodical…

Meta Introduces New AI-Powered Tools for Facebook, Instagram, WhatsApp

All the updates introduced by Meta will help the company compete with OpenAI and its ChatGPT. Meta Platforms Inc (NASDAQ: META) has announced the launch of significant AI updates across its applications. Now, Instagram, Facebook and WhatsApp have “state-of-the-art AI features” for “different things”. Firstly, Meta introduced new AI stickers that enable users to effortlessly generate customized stickers for their chats and stories on Facebook, Instagram, and WhatsApp. The feature will work by employing Llama 2 underlying technology and Meta’s foundational Emu model for image generation to turn your text prompts into multiple…

IBM and Microsoft Joins Forces with Other Entities to Form Post-Quantum Cryptography (PQC) Coalition

The Post-Quantum Cryptography coalition is geared towards providing the architecture and information on how to protect data from decryption by quantum computers. Amid the mainstream adoption of blockchain technology and crypto assets, a new cybersecurity threat has emerged that involves quantum computing. As a result, a group of tech enthusiasts – including Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), University of Waterloo, SandboxAQ, and PQShield – joined forces to form the Post-Quantum Cryptography coalition. Another key member of the Post-Quantum Cryptography (PQC) coalition is the National Institute…

Peloton (PTON) Shares Jump 15% on Content and Apparel Partnership with Athletic Clothing Retailer Lululemon

Both Peloton and Lululemon will partner for 5 years as they hope to exchange benefits to help support the exercise and athletics businesses. American exercise equipment and media company Peloton Interactive Inc (NASDAQ: PTON) has partnered with Canadian athletic apparel retailer Lululemon Athletica Inc (NASDAQ: LULU). The two companies have officially entered a partnership that will last five years and introduce Peloton content to Lululemon’s app. In exchange, Lululemon will be the primary athletic apparel partner for Peloton. Furthermore, the deal will also make some Peloton instructors Lululemon ambassadors. In response to the announcement,…

Meta Officially Announces Quest 3 VR Headset with ‘Passthrough’ Feature, Price Starts at $499

Meta will try to compete with Apply using its much-cheaper Quest 3 VR headset ready for shipping next month. Meta Platforms Inc (NASDAQ: META) officially announced the Quest 3 headset on Wednesday at the company’s Connect conference. Interested buyers can preorder and wait for shipping, which begins on Tuesday, October 10. The new Quest 3 will start at $499, which is $200 more than the previous Quest. However, Meta’s new device comes with a much stronger Qualcomm chip. Meta also says the Quest 3 will have a “passthrough” feature and better…

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

Key Takeaways * By 2028, only 9% of all payments are expected to be made in physical currency. * Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom. * Critics argue that digital payment systems, unlike cash, can be monitored and can refuse service without consequence. The Inevitable Decline of Cash According to a report by the World Economic Forum dated September 26, 2023, the use of physical cash has been declining at a rate of approximately 15% each year since…

Shiba Inu At $0.0000072: Sellers Push For Breakout

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Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement. The question on everyone’s mind: Will sellers succeed in pushing SHIB out of its current zone? Price analysis shows that since mid-August, SHIB has been grappling with a bearish market structure on both higher and lower timeframes. The ominous signs began with a sharp price rejection at the $0.00001 price…