Tag: Markets

Japanese Bank SMBC to Foray Into NFT and Web3 Markets – News Bitcoin News

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The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers tokenization and listing services in Japan, to launch a token business lab to experiment with these new technologies. Second Biggest Japanese Bank to Introduce Token and NFT Services Many traditional banking companies around the world are now considering entering the crypto and digital assets business. SMBC,…

NFT Sales Volume Slips 8% Lower Than Last Week — Moonbirds, Electricsheep, Moonbirds Oddities Lead in Sales – Markets and Prices Bitcoin News

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During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities have spiked between 90% to more than 16,000%. NFT Sales Down 8% as Ethereum-Based NFTs Command 83% of This Week’s $159 Million in Sales Volume Data from the last seven days indicates that $159.24 million…

Bitcoin drops below $21.8K realized price as FOMC spooks markets

Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight. The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything…

Paraguay Senate Approves Cryptocurrency Bill

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Paraguayan Senate has approved a bill seeking to regulate cryptocurrency and its operations in the country. The bill, which has been submitted to deputies, was approved with several suggested changes, establishing clear definitions and tax exemptions for companies in the crypto mining and cryptocurrency sector. Countries in Latin America are trying to standardize and regulate cryptocurrencies to bring more clarity to investors dedicated to the industry in the area. On July 14, Paraguay’s senate gave the green light to a cryptocurrency…

Head of African Regional Central Bank Calls for Creation of Digital Currency – Emerging Markets Bitcoin News

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The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS to establish a common legal framework for regulating cryptocurrencies as well. Digital Currency to Modernize Payment Structure In a move seemingly aimed at countering the Central African Republic (CAR)’s recent decision to embrace bitcoin, the head of the BCAS, Herve Ndoba, has reportedly…

Bitcoin and Ethereum Outlook (A Discussion With VentureFounder)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 1:04 – BTC TA/Outlook 8:56 – Paths after BTC bottom? 10:45 – BTC On Chain Data 18:10 – BTC Dominance 21:28 – ETH TA/Outlook 29:15 – Final Thoughts It is time to continue our collaboration series! In this video we talk with VentureFounder about their #Bitcoin and #Ethereum outlook? Where are we in the current market cycle and what can we expect? In this video we look at price and on-chain charts! Follow VentureFounder on Twitter: Into The Cryptoverse Premium SALE: LIFETIME…

Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ — Waiting to Buy Bitcoin at Lower Price – Markets and Prices Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788.” He stressed that the “real problem” is in the bond market, which is “40 times larger” than the stock market. He is waiting for the price of bitcoin to fall further to buy some. Robert Kiyosaki Warns Bond Market Is Crashing The author of Rich Dad Poor Dad, Robert Kiyosaki, has made several fresh predictions about the stock and bond markets. Rich Dad Poor Dad is a 1997…

Rockefeller Investment Company Bullish Against Bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io One of the leading US investment firms, Rockefeller, has expressed a bullish view of Bitcoin (BTC). In the midst of the bearish crypto market, the optimistic view of crypto assets in the long term is increasing from business activists and observers. According to Finbold’s report, the chairman of investment firm Rockefeller, Ruchir Sharma, has expressed a bullish view of the major crypto assets. According to him, Bitcoin has controlled the current bearish crypto market, so the future looks brighter. In addition, Sharma…

Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor – Emerging Markets Bitcoin News

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Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable Nigerians without bank accounts to open e-naira wallets. E-Naira Undercuts Lenders’ Investment in Mobile Banking Infrastructure The Nigerian central bank governor, Godwin Emefiele, has reportedly slammed some lenders he accuses of thwarting the adoption of the e-naira digital currency in the country. According to Emefiele,…