Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to the central bank’s lack of support for these initiatives during the second phase of the CBDC pilot. Brazilian CBDC Pilot Drex Affected by Company Withdrawals Following Resource Cutbacks Drex, the […] Source CryptoX Portal
A member of Sweden’s parliament has proposed adding Bitcoin to the country’s national foreign exchange reserves, suggesting increased openness to cryptocurrency adoption in Europe following recent moves by the United States. Swedish MP Rickard Nordin has issued an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin (BTC) as a national reserve asset. “Sweden has a tradition of a conservative and carefully managed foreign exchange reserve, mainly consisting of foreign currencies and gold,” Nordin wrote in a letter registered on April 8, adding: “At the same time, there…
Key Notes BNB Chain completed its Lorentz testnet hard forks with mainnet hard forks scheduled for late-April. Lorentz upgrade reduces opBNB block times to 0.5s and BSC testnet to 1.5s. BNB Coin breaks out of a year-old ascending triangle, suggesting bullish momentum. The BNB Chain successfully executed the Lorentz testnet hard forks, a development poised to bring faster transaction speeds and improved blockchain responsiveness. This coincides with the ecosystem’s native cryptocurrency, BNB Coin (BNB), breaking out of an year-old ascending triangle range, hinting at a possible rally. The update, revealed…
Key Notes Ethereum co-founder has unveiled a new pathway for maintaining network privacy. The roadmap released focuses on four key areas bordering on a complete chain overhaul. The released roadmap can be implemented without core changes to the mainnet. Ethereum co-founder Vitalik Buterin has proposed a detailed plan to improve user privacy on the blockchain without changing its core structure. The roadmap was shared on April 11 through the Ethereum Magicians forum. This comes as one of the latest direct propositions from the Ethereum innovator to enhance the overall functionality…
Bitcoin (BTC) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators. In an X post on April 10, John Bollinger, creator of the Bollinger bands volatility metric, revealed good news in progress for Bitcoin bulls. Bollinger bands %b metric teases BTC price comeback Bitcoin may already be establishing a long-term bottom, the latest Bollinger bands data suggests. Analyzing weekly timeframes, Bollinger himself drew attention to one of his proprietary indicators, known as “%b,” which offers further clues about market trend reversals. %b measures…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Key Notes A 90-day tariff pause by Donald Trump temporarily eased market volatility, aiding Bitcoin’s rally. Cooling US inflation, with CPI dropping to 0.1% in March, has raised expectations of a Fed rate cut. Bitcoin accumulation addresses saw a $3.6 billion inflow, the largest since February 2022, signaling increased confidence from major stakeholders. Bitcoin BTC $82 266 24h volatility: 0.4% Market cap: $1.63 T Vol. 24h: $44.58 B price is once again flirting at $82,000 levels amid the uncertainty in the US Treasury market, falling US dollar, and the escalating…
Key Notes Ethereum’s ETH/BTC ratio has dropped 77% since December 2021. Santiment notes that extreme bearish sentiment may trigger a contrarian bullish move. ETH is trading at around $1,549, down 4% over the past day. Ethereum ETH $1 550 24h volatility: 2.7% Market cap: $187.04 B Vol. 24h: $20.47 B has recently been facing a challenging time, losing $62 billion in market cap over just 15 days. The ETH/BTC ratio has dropped 77% since December 2021, signaling a severely poor performance against Bitcoin BTC $81 599 24h volatility: 0.1% Market…
Thailand has approved significant amendments to the digital asset and cybercrime laws to combat cybercrime and online scams. Combating Mule Accounts in the Crypto Industry The Thailand Cabinet has approved significant amendments to the Digital Asset Business Law and the Cybercrime Law, aiming to bolster the nation’s defenses against cybercrime and the use of “mule […] Source CryptoX Portal
Asset managers Osprey Funds and Grayscale Investments agreed to settle a lawsuit over alleged violations of Connecticut law in the advertising and promotion of Grayscale’s Bitcoin exchange-traded fund (ETF). According to an April 9 court filing, the parties agreed to settle the two-year-old case and are finalizing documentation and settlement terms. The filing noted that once those steps are completed, Osprey will withdraw its appeal. “Soon after this appeal was filed, the parties reached a settlement of this case,” the motion stated. “It is expected that all these tasks can…