Hong Kong digital currency trial completed with Visa, HSBC and Hang Seng Hong Kong is one step closer to a central bank digital currency (CBDC) by announcing successful Phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank. In a November 1 announcement, Visa said it had achieved “near real-time” finality through transfers involving tokenized deposits of digital Hong Kong dollars (e-HKD). “Tokenized deposits were burned from the sending bank’s ledger, minted from the receiving bank’s ledger, and simultaneously made interbank settlements through a simulated wholesale CBDC layer,” the payments company wrote. “This will improve liquidity management by…
Author: Crypto Flexs
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Ethereum price has been trading more than 50% below its all-time high of $4,800 all year and shows no signs of returning to previous all-time highs. However, this slow trend may not last much longer as cryptocurrency analysts have identified a pattern that could trigger a rebound to previous highs. Ethereum is trapped in a bullish triangle. In an analysis published on TradingView, cryptocurrency analyst FieryTrading identified a unique pattern in which the price of Ethereum has been trading for nearly two years. This pattern was a bullish triangle and lasted for over a year and a half. Looking at…
The price of Litecoin has fallen significantly below $80 and $70 against the US dollar. LTC is attempting a recovery, but upside may be limited above $70. Litecoin is correcting losses incurred at the $56 support zone against the US dollar. The price is currently trading below $70 and the 100 simple moving average (4-hours). There is a major bearish trendline forming on the 4-hours chart of the LTC/USD pair with resistance near $66.00 (data feed from Kraken). The price may recover above $66, but bears may remain active near $70. Litecoin price begins to recover Bitcoin, Ethereum, Litecoin and…
Cryptocurrency Regulatory and Legislative Analysis #14October 2, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALIOSCO Issues Policy Recommendations for DeFi; proposes DeFi be regulated consistent with the “Same activity, same risk, same regulatory outcome” principalOn Sept. 7, the International Organization of Securities Commissions (IOSCO), issued a Policy Recommendations for Decentralized Finance (DeFi)DeFi stands for Decentralized Finance. DeFi purports to remo… More Consultation Report. This consultation report analyzes DeFi and proposes nine policy recommendations that IOSCO plans to finalize by the end of 2023, to addressIn a cryptocurrency context, an address is a cryptographic k… More market integrity and investor protection concerns. …
The widely respected cryptocurrency strategist believes Cosmos (ATOM), an interoperable blockchain ecosystem, is ready to take things to the next level. Pseudonym analyst Kaleo says His 606,800 followers on social media platform X said he was bullish on ATOM. Because he believes altcoins will be “squeezed.” “I am long.” source: Kaleo/X Looking at the trader’s chart, it appears that ATOM has cleared several months of diagonal resistance at the next resistance area of $16. As of this writing, ATOM is worth $9.69. Another coin of interest to traders is Worldcoin (WLD), a cryptocurrency project founded by OpenAI creator Sam Altman.…
The ETH merger is coming, what’s happening? Ethereum revolutionized blockchain technology when it was launched in 2015. By introducing the world to the concept of smart contracts, the use cases for blockchain have grown exponentially. Thanks to Ethereum, we can now use cryptocurrencies and tokenized assets in almost every industry known to man. However, over the years, some shortcomings of the protocol have been addressed. One of the major updates to the network is the upcoming merger, which will see Ethereum fully transition to a PoS consensus model, completely replacing the current PoW algorithm. This will make the ETH vs…
Posted 1 minute ago In ~ Organizations supporting the Jito Foundation Solana brush -2.22% The underlying liquid staking protocol releases governance tokens used to manage the Jito network.Jito Labs builds infrastructure designed to mitigate negative impacts on Solana by maximizing extractable value. By launching the token, the Jito Foundation seeks to empower “community members to directly influence the decisions and direction of the Jito Network,” the organization said in a statement.Last month, the Solana Foundation said nearly a third of its holdings were run through Jito Labs clients. In an announcement Monday, the Jito Foundation said: said The Jito MEV…
It’s almost impossible not to think of Dolly Parton or Beavis and Butt-Head while loading up the new Nine to Five slot. Do you remember? One is a balloon that is almost 80 years old, and the other needs no introduction. In this Nolimit City game, set in the ’90s, the heyday of the fax machine, you work your way up the corporate ranks to earn up to $368,680 while working a “9 to 5” with a group of eccentric colleagues. I am giving you satire. It provides low-grade humor. I’m giving it techno. It’s giving me life! As usual,…
Major Dogecoin holders recently moved a massive chunk of more than 103 million DOGE on trading platform Robinhood, in line with the notable price increase of the major meme cryptocurrency.November: Month of Major Dogecoin MovementsThis November saw a flurry of activity in the Dogecoin space, with several notable transactions coming to light. According to Whale Alert, a leading cryptocurrency trade tracker, there have been several significant Dogecoin movements. On November 15, a massive sum of 690 million DOGE, worth approximately $50.3 million, was transferred between anonymous wallets.In a similar vein, another large transaction occurred on November 13th involving 140.6 million…
‘Base’ has proven itself to be increasingly prominent in the DeFi landscape, outperforming existing networks such as Solana. Base’s incredible growth has been driven by projects such as Aerodrome Finance and Friend.tech. Base also enjoyed an impressive increase in trading volume. Base, Coinbase’s layer 2 network, has seen a surprising surge in Total Value Locked (TVL), reaching approximately $397.32 million in just a month and a half since its launch in August. This huge rise has put Base ahead of Solana, which now has a TVL of $358.96 million. As seen by DeFiLlama, Base’s TVL has surged a whopping 97.21%…