Explore the digital frontier of financeThe Bank for International Settlements (BIS) has unveiled its ambitious agenda for 2024, focusing on central bank digital currencies (CBDCs), blockchain-based tokenization, cybersecurity, and green finance development. This move highlights BIS’ commitment to driving innovation in the global financial environment.Project Promisa: Pioneering Tokenized Promissory NoteA highlight of the BIS 2024 program is Project Promissa, a joint effort involving BIS, the Swiss National Bank and the World Bank. This project aims to develop a proof of concept for a platform dedicated to digital tokenized promissory notes. Traditional promissory notes, an important part of the financial system,…
Author: Crypto Flexs
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There are countless options to choose from when investing in your business. From marketing and advertising to technology and infrastructure, the choices can be overwhelming. However, one investment that has been gaining traction in recent years is Litebar. In this article, we will discuss why Litebar is the best investment for your business and how it can help you achieve your goals. What is a light bar? Litebar is an innovative lighting solution designed to enhance the mood and visual appeal of any space. A versatile, customizable lighting system that can be customized to fit the unique needs of every…
As prices fell, discussions around cryptocurrencies plummeted. Whales are buying BTC dips while other whales continue to sell ETH.. Until January 22nd, the price of Bitcoin (BTC) remained above $40,000. Ethereum (ETH) has also been trading above $2,400 so far. However, the last 24 hours have been disastrous for the top two cryptocurrencies. During the same period, BTC fell 3.00%, and the value of ETH fell 3.59%. The decline has led to less conversation about the project. Using Santiment’s social volume screen, AMBCrypto found that discussion of ETH has decreased by 21% compared to when the SEC approved a Bitcoin…
Now that Spot Bitcoin ETF Approved According to the U.S. Securities and Exchange Commission (SEC), more ETFs are expected to enter the market, especially in the cryptocurrency market. Find the Ethereum ETF. Nonetheless, analysts at JP Morgan, an American multinational financial services company, expressed less optimistic views on the likelihood of approval of the Ethereum Spot ETF. Ethereum spot ETF expected to be approved In a note to clients published on Thursday, January 18, JP Morgan analysts, led by Nikolaos Panigirtzoglou, the financial services company’s managing director, said the expected Spot Ethereum ETF approved by the SEC. Analysts cited regulatory…
To curb terrorist financing, the US, UK and Australia have imposed a fifth round of sanctions against Hamas, specifically targeting its virtual currency transfer network. This measure, announced on January 22, 2024, represents a joint effort by these countries to disrupt financial mechanisms that support terrorist activities, especially those facilitated through cryptocurrencies. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) led the initiative, focusing on a network linked to Hamas in the Gaza Strip, including its owners and associates. These networks have played a key role in transferring funds, including cryptocurrency transfers, from the Islamic Revolutionary Guard Corps-Qud…
Fact chases fiction. A new documentary explores a sci-fi scenario in which loved ones can be recreated using artificial intelligence and communicate with them from beyond the grave.“Eternal You,” directed by Hans Block and Moritz Riesewieck, premiered at the Sundance Film Festival in Park City, Utah, and focuses on the emerging business of creating AI avatars of the dead. is leaving.As first reported rolling stone, the film tells the story of Christy Angel, who uses an AI chatbot called Project December to ‘communicate’ with a loved one who has passed away. What happened next would be fit for a Hollywood…
Bitcoin price extended its decline below the $40,000 support zone. BTC is consolidating losses and risks further downside below $38,500. Bitcoin price is gaining bearish momentum below the $40,500 area. The price is trading below $40,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance near $40,850. The pair may correct above $40,000, but the bears may remain active near $40,500. Bitcoin price took a hit. Bitcoin price remained bearish below the $42,000 support. BTC bears gained strength and were able to push the…
XRP price is consolidating above the $0.520 support. The price may gain bearish momentum if it does not break above $0.550 and $0.570. XRP is showing bearish signals below the $0.550 and $0.570 resistance levels. The price is currently trading below $0.5420 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.540 (data source from Kraken). A break above the $0.540 and $0.550 resistance levels will initiate a new rise for the pair. XRP price target recovery After a significant recovery, the XRP price…
Cosmos community members voted against Proposition 868. More than 2/3 brings a major change to the network’s economic policy by reducing the minimum inflation parameter from 7% to 0%. atom -5.00% Supply was tied to the network. However, this proposal failed to gain support.Proposal 868, introduced by Cosmos contributor Stakelab, is intended to alleviate inflationary pressures on ATOM tokens, especially in scenarios where a significant portion of the coins are deposited.Despite the potential benefits highlighted by proponents, such as lowering the inflation rate if the total bonded tokens rise, concerns have been raised about lowering the inflation rate to zero,…
What began as a single transaction from Satoshi to Hal Finney has evolved into a complex system of industrial-scale miners, evolving meta-protocols like the Lightning Network and Fedimint, and fully embracing institutional investors with a record influx of new acceptances. Spot ETF. Bitcoin has come a long way dramatically, and that has created a certain sense of optimism for those who have invested the time, money, and energy into it. Unfortunately, this optimism and the sense of “inevitability” I wrote about previously has contributed to creating a culture of complacency. This is characterized by a narrative that early Bitcoin protocol…