Tag: News

US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says – Economics Bitcoin News

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A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed. Economist Highlights Rising De-Dollarization Trend Canadian economist James Brander shared his thoughts on the worldwide de-dollarization trend and the waning influence of the U.S. dollar last week. Brander is an Asia Pacific professor in the Strategy and Business Economics Division of the University of British…

Over 26,000 Tokens Created – Defi Bitcoin News

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Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the blockchain explorers 3xpl.com and salemkode.com, allowing users to explore its potential. Bitcoin Cash Upgrade Unleashes Token Frenzy and Infrastructure Support As of May 15, 2023, Bitcoin Cash advocates have unlocked a new realm of possibilities with the highly anticipated annual upgrade. Now, they have the power to mint and engage in transactions involving tokens built…

Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy – Bitcoin News

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Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens. Bitcoin Users Issued More Than 10,000 New BRC20 Tokens In a Permissionless Fashion in 4 Days Bitcoin is embracing functionalities that were previously synonymous with the Ethereum blockchain, such as the innovation of new tokens and the generation of non-fungible…

Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card – Blockchain News, Opinion, TV and Jobs

Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai. In a world first, the BSIM card is a mobile user identification card based on blockchain technology. With an appearance nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also boasts storage space 10-20 times larger than traditional SIM cards…

Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum – Bitcoin News

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On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. Bitcoin’s Inscription Frenzy: Over 7 Million Ordinal Inscriptions and Counting The unstoppable momentum of Bitcoin’s Ordinal inscriptions continues to defy detractors, surging past several milestones. With over 7 million inscriptions now firmly embedded in the…

SDM Financial to Present Informative Webinar on Digital Asset Derivatives for Miners, Funds, and HNWIs – Press release Bitcoin News

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press release PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday, May 23, 2023, at 10:30AM EDT. The webinar is tailored to provide digital asset mining firms, crypto-focused funds, and digital asset investors with valuable insights into the benefits of digital asset derivatives in effectively managing risk and optimizing returns. The webinar will feature a panel of experts who will share their knowledge and expertise: Alan Mittleman, Head of US & Derivatives at SDM Financial Matt Williams, Head of…

LTC Hits 2-Week High, as APE Extends Gains – Market Updates Bitcoin News

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Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as the token rose for a third consecutive session. LTC/USD surged to a peak of $89.68 in today’s session, after starting the week at a low at $86.42. Tuesday’s rally has seen litecoin climb to its strongest point since April 30, which is the…

Baidu Stock Jumps 2% after Better-than-Expected Revenue News

Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan ($4.5 billion) revenue for the three months…

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz – Bitcoin News

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On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet. Okx Embraces Ordinals and BRC20 Trend, Reveals New Ordinals Marketplace Okx, the crypto firm, exchange, and Web3 company, has announced the Okx Wallet now provides seamless access to…

BTC, ETH Consolidate Ahead of US Retail Sales Data – Market Updates Bitcoin News

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Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC) consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures. As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines. Following an earlier high of $27,646.35, BTC/USD slipped…