News
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SWIFT China’s President Wen Yang discusses the interoperability challenges of CBDC
- May 18, 2024
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No CommentsWen Yang, President of SWIFT China, recently discussed the challenges and solutions for achieving cross-border interoperability of central bank digital currencies (CBDCs). In an interview with the 21st Century Business Herald, Yang highlighted the fragmentation in CBDC systems due to diverse technological paths and standards among different economies. He emphasized SWIFT’s efforts to bridge these
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Speculations on Bitcoin rally as it breaks through $65,000 resistance
- May 18, 2024
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Bitcoin (BTC) has maintained its momentum above $66,000, reaching an intra-day high of $66,500. The current Bitcoin price prediction points to strong bullish momentum, largely driven by increasing institutional interest. BlackRock’s iShares Bitcoin Trust (IBIT) has been a significant catalyst, attracting substantial investments. Additionally, CME Group’s planned entry into Bitcoin spot trading is expected to
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Bitcoin’s price surges following release of US CPI data
- May 17, 2024
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Bitcoin remains the undisputed leader in the ever-changing cryptocurrency market, and the latest analysis from QCP Capital offers insight on the potential for Bitcoin to surge past its previous highs, once again reaching the renowned $74,000 mark. QCP Capital, renowned for its astute market observations and strategic insights, has discerned a notable trend: a substantial
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MetalCore partners with Portal to spearhead a $2.4 billion gaming revolution
- May 17, 2024
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MetalCore, a formidable force in the MMO combat genre, has entered into a strategic partnership with Portal, a revolutionary universal gaming ecosystem. Led by a team of seasoned developers with pedigrees from industry titans like Activision, Disney, Lucasfilm, and Midway, MetalCore has consistently pushed the boundaries of innovation in the gaming sphere. Portal, heralded as
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KuCoin temporarily halts NGN peer-to-peer trading amid regulatory scrutiny in Nigeria’s crypto landscape
- May 16, 2024
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In response to escalating regulatory pressures from Nigerian authorities, KuCoin has made the strategic decision to temporarily halt all peer-to-peer (P2P) trading activities involving the Nigerian naira. This development underscores the evolving regulatory environment within Nigeria’s cryptocurrency sphere and reflects the broader challenges faced by digital asset exchanges operating in the country. The decision to
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Bitcoin hits $66K with 7% surge amid economic indicators
- May 15, 2024
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The recent surge in Bitcoin’s price amid the release of US Consumer Price Index (CPI) data, showcasing a moderation in April’s price pressures, signals a pivotal moment for the cryptocurrency market. This surge, coinciding with a robust 0.9% increase in the S&P 500, underscores a broader market sentiment of optimism. Notably, this surge in Bitcoin’s
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Sweden’s central bank says digital euro will not displace Swedish krona
- May 15, 2024
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Sweden’s central bank remains steadfast in its assertion that the digital euro, despite its potential adoption, will not supplant the Swedish krona. In a detailed staff memorandum recently released, the Sveriges Riksbank underscores the strategic advantages and resilience of the Swedish currency within its domestic economic landscape. While acknowledging the potential benefits of incorporating the
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Bitcoin hash rate declines as mining firms adapt to post-halving challenges
- May 15, 2024
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The Bitcoin ecosystem has been undergoing a significant transformation following the fourth halving event, particularly in the realm of mining operations. As the network adjusts to the reduced block rewards, mining firms are facing crucial decisions about the profitability of their operations. This transition is evident in the decline of the Bitcoin hash rate, a
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Hong Kong’s SFC issues warning against ‘deepfake’ scams targeted at prominent tech magnates
- May 13, 2024
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The Hong Kong Securities and Futures Commission (SFC) has issued a stark warning about the emergence of deepfake scams within the cryptocurrency sector, shedding light on the elaborate tactics employed by a group operating under the monikers Quantum AI or AI Quantum. This group, as revealed by the commission, has resorted to a disturbing tactic:
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Bitcoin price trades above $63,000 as Federal Reserve cautions on policy implementation
- May 13, 2024
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Bitcoin (BTC) kicked off the week with a discernible downtrend, hovering in the vicinity of the $63,000 mark and briefly dipping to an intraday low of $60,675. Despite a previous surge catalyzed by the approval of exchange-traded funds (ETFs) in the United States, Bitcoin appears to have hit a plateau in its upward trajectory. This