The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank. The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation’s central bank, the asset is now technically...Continue Reading
BTC price took a sharp tumble below a key support level, but data shows April 6’s dip could be another buying opportunity for bulls. Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy. On Dec....Continue Reading
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day. Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF. In...Continue Reading
All is not going to plan for bulls, warnings say, as $44,000 support hangs in the balance. Bitcoin (BTC) continued its downturn into Wednesday’s Wall Street open with its first test of $44,000 since the start of April. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price posts near two-week lows Data from Cointelegraph Markets...Continue Reading
Starbucks announced plans to get into the NFT business, then fired a union leader the same day. Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States....Continue Reading
The real changes in the financial world are starting with combining DeFi and CeFi, which is paving the way to mainstream crypto adoption. In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of...Continue Reading
A Bitcoin hostel under construction in Portugal reflects a growing trend of business built with more than just a digital currency in mind. A Bitcoin (BTC) hostel is coming to Portugal’s shores. As it’s Europe’s first Bitcoin-only hostel, Cointelegraph spoke with the founders to find out how Bitcoin shapes the business model, from planning to...Continue Reading
It appears record-level DeFi exploits have not hurt crypto enthusiasts’ confidence in DApps. According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year over year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4...Continue Reading
Central bank digital currencies digital currencies backed by a central bank have received renewed interest with the United States President Joe Bidens Executive Order on Ensuring Responsible Development of Digital Assets. Proponents of CBDCs argue that widespread adoption will promote financial inclusion, expand public access to safe money, improve the efficiency of payments and more....Continue Reading
The developers are currently working on a security upgrade and plan to increase the number of validator groups to 21 before making the Ronin Bridge live again. Sky Mavis, the creator of the popular play-to-earn nonfungible token game Axie Infinity has raised $150 million in a new funding round led by Binance. The fundraiser is...Continue Reading
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