Bitcoin Price (BTC) to Reach $100K: StanChart

There is also a chance that the cryptocurrency will climb to the $100,000 mark before the end of the year, the bank said. “We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of U.S. spot ETFs. This suggests a risk that the USD 100,000 level could be reached before end-2024.” Original

South Korea to pilot CBDC with 100k citizens in late 2024

As per the Bank of Korea, citizens will only be able to use digital won to buy selected goods. South Korea is gearing up to launch its first pilot of a central bank digital currency (CBDC) with 100,000 citizens in late 2024, the South China Morning Post reports. The pilot, which is a joint effort of the Bank of Korea, Financial Services Commission and Financial Supervisory Service, will allow selected citizens to buy goods with digital won for three months. However, participants of the pilot won’t be able to use…

‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024

Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking on $40,000 resistance Bitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000. Known for his optimistic takes on long-term BTC price growth,…

Bank of Korea to Involve 100K Citizens in CBDC Testing

The Bank of Korea will be looking to use the pilot stage of its CBDC to determine things such as acceptability and ease of use. South Korea, through its apex bank – The Bank of Korea (BOK) – has revealed its plans to begin testing its central bank digital currency (CBDC) in 2024. A local news outlet Korea Times confirmed the report, saying that the testing will begin either by September or October, running for three months. The report also claimed that South Korea will allow 100,000 citizens to participate…

South Korea to invite 100K citizens to test CBDC in 2024

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months.  According to a Korea Times report from Nov. 23, participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users. The goal of the pilot stage is to…

The Graph (GRT) records spike in $100k+ transactions

The Graph observes several large transactions worth at least $100,000, leading to a nine-month high in overall whale activity as social volume sees a massive upswing. Notably, on Nov. 6, GRT recorded an intraday figure of 149 transactions worth $100,000 and above for the first time in months, according to Santiment. In addition, on-chain data confirms that market participants created up to 620 new addresses. These favorable metrics have come up when GRT leverages market-wide bullish sentiments to engineer a rally. Despite a 5.9% decline over the last 24 hours,…

Fulcrom Finance expands to zkSync Era, unveils $100K reward pool 

Fulcrom Finance, a perpetual trading protocol on Cronos, is expanding into the zkSync Era to further support its staking community. Following this announcement, the decentralized finance (defi) solution has announced a $100,000 reward pool to celebrate this milestone. Fulcrom Finance expands to zkSync Era On Oct. 5, Fulcrom Finance said it will expand into zkSync Era. The layer-2 protocol utilizes zero-knowledge (ZK) technology to enhance scalability, security, user experience, and community engagement while remaining decentralized. Fulcrom Finance also bridged 2.4 billion FUL from Cronos to zkSync Era at launch, making it one…

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23. In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after seven months of consolidation, Bitcoin’s upward move melted the $32,000 resistance “like butter.” He expects that the upcoming monthly resistance is unlikely to be a hurdle, saying: “It would make sense to see either a rapid continuation to mid-range ($43K) or short-term consolidation between support resistance at $32-$35K before continuation.”…