Author: Donald Munn
Is the metaverse the future? This prospect seems to scare users in the United States. This is what emerges in a survey conducted by The Harris Poll. The survey on the metaverse: half are afraid The Harris Poll conducted a survey of more than 2,000 adults in the US, aged 18-54. More than half of the respondents (52%) said they were afraid that the metaverse and its technology would lead to the abandonment of the physical environment and the risk of losing existing relationships in reality, leaving users unable to create new ones. The same respondents are 80% attracted to…
Bitcoin price analysis Bitcoin’s price was up as much as 10% at times on Wednesday and closed its daily session with a bullish engulfing candle [+3,205.3]. Today we’re looking firstly at the BTC/USD 1D chart below from evillz. BTC’s price is trading between the 0.786 fib level [$37,796.59] and 0.618 [$44,466.02], at the time of writing. The most important short-term targets for bullish BTC traders are 0.618, 0.5 [$49,150.50] and 0.382 [$53,834.98]. Their bearish counterparts are seeking to push BTC’s price back below the 0.786 with a secondary target of 1 [$30,301.00]. BTC’s price is trading between the 0.786 fib…
According to Anthony Pompliano, Bitcoin mining, using Proof-of-Work, will lead to energy independence. Proof-of-work mining will drive energy independence. — Pomp (@APompliano) March 9, 2022 Bitcoin as global reserve currency It is not clear what he means by this, especially since mining consumes energy without producing it. It is likely, however, that it has something to do with what he wrote to his newsletter subscribers on 24 February. In that newsletter, he talked about the war between Russia and Ukraine, but also touched on topics such as energy sources and Bitcoin. In particular, he referred to Bitcoin as a possible…
Amerant Bank, ConnectOne Bank and Primis Bank have joined the founding members of the USDF consortium, consisting of New York Community Bank, Synovus Bank, NBH Bank, First Bank and Webster Bank, which was formed to create a new stablecoin. The USDF consortium “The increase in membership is a testament to the Consortium’s ability to provide in-depth guidance and connect banks with turn-key technology solutions as well as the transformative role that blockchain payment rails can play in financial services”, Ashley Hartis, president of the USDF Consortium, said in a note. Formed last January, the USDF Consortium is an association of…
Boston-based US bank State Street is partnering with Copper.co to offer crypto custody services for institutional clients. State Street enters the crypto sector Bloomberg reports that the bank wants to have an infrastructure in place to enable digital wallet custody services for its institutional clients by the end of this year. Moreover, this would only be the first step in the bank’s expansion into the cryptocurrency sector, having launched a dedicated digital division in June 2021. State Street Digital chief Nadine Chakar said: “Today we’re talking custody, but sky’s the limit”. State Street is one of the largest US banks …
Today the European Commission announced that they are adding cryptocurrencies to the sanctions on Russia. We are further tightening the net of sanctions responding to Russia’s military aggression against Ukraine Listing 160 individuals: oligarchs, Russian Federation Council membersBelarus banking sectorExport of maritime navigation technology to RussiaAdding crypto-assets — European Commission (@EU_Commission) March 9, 2022 Crypto involved in EU Sanctions against Russia They also added 160 oligarchs and members of the Russian Federation Council to the list of people banned from the European financial system, as well as the entire Belarusian banking sector, and blocked the export of maritime navigation technology…
It’s been a while since Elon Musk tweeted about Bitcoin and this time he did it by “revealing”, in his own way, the identity of Satoshi Nakamoto, the mysterious founder of BTC. Elon Musk’s tweet about Satoshi Nakamoto With his trademark irony, Elon Musk posted an image associating four major tech brands: Samsung, Toshiba, Nakamichi, Motorola. pic.twitter.com/e3kFCmREaC — Elon Musk (@elonmusk) March 9, 2022 The syllables of each of these brands form the name Satoshi Nakamoto. What did Elon Musk mean by this tweet? The network went wild. Some have again suggested that the Tesla CEO himself is the mysterious…
CryptoCompare’s new report for February 2022 has been published. One of the main points that emerged from this analysis is the interruption of the downward trend in the price of Bitcoin. Bitcoin reverses trend This downward trend had started in the aftermath of the new all-time high of $69,000 on 10 November 2021. During February, however, Bitcoin recorded a 12.2% increase, making it the first month to close in positive territory after three months of consecutive losses. This increase, however, was mainly concentrated on the 28th of February, when the price of Bitcoin broke through resistance on the 50-day moving…
It’s official, Elrond Network, the company that is developing an extremely scalable and fast blockchain technology, has announced the acquisition of Capital Financial Services SA which operates under the Twispay brand. Twispay and Elrond Network’s major objective Twispay is a financial institution authorized by the National Bank of Romania that provides payment services and issues electronic money. Moreover, Twispay is one of the main members of Visa and MasterCard. Elrond‘s goal is to increase the functionality and value of Twispay by integrating it with a fast, scalable and cost-effective blockchain technology. Elrond, by acquiring the Capital Financial Services S.A., has…
The executive order signed yesterday by US President Joe Biden breaks new ground for the crypto world, ensuring that cryptocurrencies will not be hampered, but rather will be part of a strategy and an industry where the US wants to maintain leadership. This has sparked enthusiasm in the markets and the entire community. Pompliano: the US embraces cryptocurrencies Expressing his excitement is of course Anthony Pompliano who wrote on Twitter: “Every critic who told you that the government was going to ban bitcoin and cryptocurrencies was wrong. These technologies are imperative to innovation, job creation, and economic prosperity. The White…