Author: NBTC
Soramitsu Labs, a blockchain developer, intends to conduct a digital currency pilot in Papua New Guinea aimed at improving financial inclusion and security through economic digitization. Japan-based blockchain firm Soramitsu Labs is gearing up to initiate a proof-of-concept experiment for a central bank digital currency (CBDC) in Papua New Guinea, as requested by the nation’s central bank. The Tokyo-headquartered says the initiative aims to leverage blockchain technology to create “a common platform for Pacific island nations,” according to a press release seen by crypto.news. Papua New Guinea, grappling with some challenges in financial inclusion and security, appears to be seeking…
FLOKI, one of the largest meme coin cryptocurrency ecosystems, demonstrates brilliant performance despite overall market apathetic dynamics. This should be attributed to upcoming Coinbase listing and major announcement expected by community. Floki Inu (FLOKI) soars by 22%, becomes top trending token on Binance, OKX Today, on May 27, 2024, the price of Floki Inu (FLOKI) cryptocurrency, major rival of Dogecoin (DOGE) and Shiba Inu (SHIB), reached a multimonth high over $0.0002770. In 12 hours, the FLOKI price surged by more than 22%. pic.twitter.com/t487WdSCwS — FLOKI (@RealFlokiInu) May 2, 2024 The official X account of the project retweeted the minimalistic cryptic…
Cryptocurrency analysts of Coinidol.com report, the price of Bitcoin (BTC) has started its fall after buyers failed to sustain the price above the 21-day SMA on July 1. Bitcoin price long term forecast: bearish The largest cryptocurrency has fallen to $53,219, below the crucial support of $60,000 and the previous low of $58,555. Bitcoin has encountered bearish fatigue after breaching the expected price threshold. According to the price signal, BTC will fall and reverse at the Fibonacci extension of $1.272 or $55,089. Meanwhile, the current support level of $55,000 for Bitcoin will hold as the price rises to a high…
Ethereum ETFs will push ETH to a new all-time high above $5,000, says Bitwise. Citi predicts ETH ETFs will attract around $5 billion in net inflows within six months of launch. Peter Brandt suggests ETH could rally 60% if it makes a key move. Ethereum (ETH) is up nearly 2% on Tuesday following predictions from Bitwise chief investment officer (CIO) Matt Hougan that ETH ETFs could help push ETH to a new all-time high above $5,000. Other predictions from Citi Bank and trader Peter Brandt also align with Hougan’s position. Daily digest market movers: Ethereum ETFs deciding factor for new…
The tokenized US Treasury market is gearing up for significant growth. Analyst Tom Wan from 21.co predicts that this segment could reach $3 billion by the end of 2024. This growth is fueled by a strategic shift towards real-world asset (RWA) tokenization within the decentralized finance (DeFi) ecosystem. Arbitrum and MakerDAO Lead the Charge in Tokenized Treasury Allocations According to Wan, decentralized autonomous organizations (DAOs) and DeFi projects seeking diversification and stability in their treasuries will largely drive this anticipated surge. By integrating tokenized US Treasuries, these entities aim to access risk-free yields while staying within the blockchain ecosystem. “With…
A member of the Dogecoin and X teams known as “DogeDesigner” (@cb_doge) has made an important statement to the DOGE army about exactly which cryptocurrencies are accepted by Elon Musk’s leading company Tesla, the electric car maker. Among frequent cases of scammers and rumor-makers spreading misleading data about Tesla giant and crypto, @cb_doge issued a reminder that Tesla accepts payments in just one cryptocurrency – Dogecoin. Tesla accepts only one cryptocurrency: Dogecoin pic.twitter.com/FIvcMeurnP — DogeDesigner (@cb_doge) May 27, 2024 The DOGE community took in this announcement very positively. One X user tweeted that it is time for Elon Musk “to…
A Bitcoin address holding 140 BTC, worth more than $8 million today, has reemerged after a decade of inactivity, according to blockchain tracker Whale Alert. The address, dubbed “1BLoHu,” first received 140 BTC in 2013, when it was worth about $107,000. As mentioned, the transaction 11 years ago originated from another address, “1aWmn,” which also had a remaining balance of 180 BTC. While 140 BTC were transferred to “1BLoHu”, public records show that another 40 BTC were transferred to Okcoin. Today, the latest activity saw “1aWmn” transfer the dormant 140 BTC from “1BLoHu” to a new address, “bc1q66.” The identity…
Launch of spot ether ETFs in the U.S. will push the price of the crypto to all-time highs above $5,000, the report said. Bitwise said money flowing into new ether spot ETFs will have a larger impact than it did for bitcoin. Ether spot ETFs are expected to draw in $15 billion of net inflows in the first 18 months. The launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S., expected to occur next week, will push the price of the second largest cryptocurrency to all-time highs above $5,000, Bitwise said. It may not happen immediately and price…
Japanese blockchain company Soramitsu Labs is preparing to initiate a proof-of-concept experiment for a central bank digital currency (CBDC) in Papua New Guinea at the request of the country’s central bank. The Tokyo headquarters says the initiative aims to use blockchain technology to create a “common platform for Pacific island nations.” Papua New Guinea, struggling with a number of financial inclusion and security challenges, is looking for new blockchain-based solutions to address these issues. Violent crime, including robbery, is common in many areas of the country, hampering financial inclusion and safety. Soramitsu said implementing a CBDC could serve as a…
A trader who nailed the May 2021 Bitcoin collapse believes BTC could see more downward price action before igniting a renewed rally en route to new all-time highs. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that BTC may revisit the “buy zone” of his logarithmic growth curve (LGC) model before carving a local bottom. The LGC model aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. According to the analyst, BTC may be mirroring its early 2017 price action when it witnessed a 40% correction before launching…