ADA Price (Cardano) Indicators Suggest A Strengthening Case For Fresh Rally
Cardano’s price started a fresh increase above the $0.40 resistance. ADA could rise further if it clears the $0.450 resistance zone. ADA price is gaining bullish momentum above the $0.400 support against the US dollar. The price is trading above…
Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses…
Blockchains need an interoperable standard to evolve, say crypto execs
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
Ethereum Bulls Take Breather, This Scenario Could Trigger A Correction
Ethereum price extended its increase above the $2,000 resistance against the US Dollar. ETH is slowly moving lower and might decline if it breaks the $2,075 support. Ethereum started a strong increase above the $2,000 and $2,050 resistance levels…
Bitcoin Price Correction To $29k On Horizon After Bulls Lose Control At $30.5k
Bitcoin price started a downside correction from the $31,000 zone. BTC might decline toward $29,000 before the bulls appear again. Bitcoin started a downside correction below the $30,500 pivot level. The price is trading below $30,500 and the 100…
De-Dollarization: China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser
Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no…
First Mover Asia: Ether Price Hits Fresh 11-Month High
ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey writes that to prevent the potentially destructive impact of AI, we need open-source innovation and collective governance that is possible through blockchain…
Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the…
Police in Kosovo Seize Crypto Mining Rigs From Serbs
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in…
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its…
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…
Fantom Up 13% In The Past Week, Looks To Break Resistance Level
Since falling to the $0.31 price level over a month ago, FTM – Fantom network’s native token – has been on a steady rise, recording a 23.6% price rally in the past 30 days. Per on-chain data and recent price action, there are strong…
Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets — Week in Review
In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted…
Gold Bugs Still Don’t Get It: Bitcoin’s Ledger Makes It The Better Store Of Value
Many of gold bugs’ values overlap with Bitcoin, but they dismiss BTC without understanding the superiority of its digital ledger. This is an opinion editorial by Luke Groom, a civil engineer, JD-MBA student and part-time strategy associate with…
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…
Following a generally bullish crypto market, Baby Doge Coin (BABY DOGE) has been one of the most impressive tokens, registering weighty profits for investors. According to data by Coingecko, BABY DOGE has recorded a 20.1% gain over the last 24…
Crypto Analyst Makes Bold Prediction As Cardano (ADA) Experiences Bullish Trend
Cardano has experienced a significant price surge following a similar trend in the crypto markets in recent weeks. The launch of new updates on the Cardano ecosystem has also contributed to these bullish sentiments, and several analysts have begun…
Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by…
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more…
Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”
Sotheby’s relaunch Glitch digital art sale, newbie gamer uncovers $49K NFT and more
After taking diversity concerns into account, Sotheby’s has revamped its Glitch digital art sale. Meanwhile, a newcomer to the online game Illuvium: Beyond has struck gold by discovering the rarest Illuvitar yet.
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