Crypto news

A high-ranking Hong Kong official has warned crypto exchanges to expect strict regulation and advises those in opposition to go elsewhere.  Hong Kong has stated that its upcoming crypto regulation would not promote a light-touch approach despite the city’s crypto-friendly disposition. The Chinese special administrative region is putting the finishing touches to digital asset licensing rules as it seeks to become a global crypto hub. Speaking at Tuesday’s Bloomberg Wealth Asia Summit, Hong...

After Ripple’s sudden decline, the price fell below the 100-day moving average. However, it has now reached the critical support level of the 200-day moving average at $0.41, and the bears might just be getting started. Technical Analysis By Shayan The Daily Chart Following Ripple’s rejection from the $0.58 resistance level on the daily chart, the price experienced a massive decline, dropping below the 100-day moving average. However, the cryptocurrency has found substantial...

The stablecoins market is expected to significantly grow amid the mainstream adoption of Bitcoin and other digital assets globally. The rise of the Tether (USDT) stablecoin has been undisputed for several years. The Tether (USDT) stablecoin runs on more than 10 blockchains including Ethereum, Binance Smart Chain, Polygon, and Tron, among others. On the Ethereum network, Tether (USDT) has more than $36 billion in supply with about 4.3 million holders. The Tron network holds a vast amount of...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Two crypto developers are establishing a new bitcoin-centered conference in Atlanta, Georgia. This will be a reimagining of the TAB Conf gathering that’s occurred every year for the last five years within the capital city. TAB Conf Is Almost Here TAB Conf is still set to occur at the end of 2023. The event...

Bitcoin’s price has been trending to the upside since the beginning of 2023. However, it has been showing signs of a reversal recently, following a clear rejection from the $30K resistance level. Technical Analysis By: Edris The Daily Chart The price has been consolidating since it failed to break above the $30K resistance level. The 50-day moving average has been providing support but is currently getting broken to the downside around the $28K mark. In the event of a valid...

Binance has been aggressively growing its NFT marketplace in a variety of ways in order to become a top platform for buying, selling, and trading NFTs. Binance, the world’s largest crypto exchange has expressed interest in adding Bitcoin Ordinals to its Non-Fungible Token (NFT) marketplace by the end of May. According to the announcement, Binance will also offer royalty support and additional revenue-generating opportunities for Bitcoin NFT creators. Bitcoin Ordinals are becoming popular...

The network combines applications designed with Daml, Digital Asset’s smart contract language. Digital Asset, which is a financial technology firm, plans to introduce a global privacy-enabled interoperable blockchain network curated to offer a decentralized infrastructure for institutional clients, the announcement for which was made on Tuesday. Participants of the network, which is also called the Canton Network, include companies like BNP Paribas, Deloitte, Cboe Global Markets, Goldman...

Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs. Although blockchain technology has shown its prowess in multiple business verticals, its adoption hasn’t been fast enough. However, payments giant Visa Inc (NYSE: V) is now working towards pushing innovative blockchain use-cases towards real-world use cases. As part of its most recent LIFT Challenge, Visa is exploring blockchain-based use cases for Brazil’s central bank digital...

IBM said Watsonx is an AI solution that enhances machine learning and foundation models using trusted data, speed, and governance. IBM (International Business Machines Corporation) (NYSE: IBM) has unveiled an artificial intelligence-facilitating platform Watsonx. At Tuesday’s annual Think conference, IBM stressed that Watsonx would cater to foundational models and generative AI. The company also added that Watsonx offers a studio, data store, and governance toolkit. Watsonx as an...

[PRESS RELEASE – Los Angeles, California, May 9th, 2023] Retains Crown as Web3’s Biggest Social Network and SocialFi Platform DSCVR, the largest and most popular Web3 social network and social finance (SocialFi) platform, has surpassed the 200,000 user mark – a key milestone on its journey towards making crypto functionality easily accessible to anyone who knows how to use social media. DSCVR’s focus on coupling familiar social media experiences with the most diverse set of...