Bitcoin continues to face resistance near $29,000 and Ether has decided to take charge of the wider crypto markets’ bullish momentum. Source: https://cointelegraph.com/news/price-analysis-4-5-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
Month: April 2023
Bob Lee, MobileCoin Exec, Fatally Stabbed in San Francisco
Bob Lee, the creator of Cash App and chief product officer of MobileCoin, was killed early Tuesday morning in a stabbing in San Francisco, law enforcement officials confirmed. He was 43 years old. The attack took place in the San Francisco neighborhood of Rincon Hill at around 2:30 in the morning. San Francisco’s District Attorney, Brooke Jenkins, has stated on…
Meta Reveals AI Tool to Help Brands Target Facebook, Instagram Users
Facebook and Instagram parent company Meta intends to use its proprietary generative AI to create ads for companies by the end of this year. Advertising is already a major revenue stream for Meta, but the company plans for artificial intelligence to design those ads for brands who advertise on Meta’s social platforms. “[Brands can] ask the AI, ‘Make images for…
CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute
A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms. The U.S. government is investigating the creation of a CBDC — essentially a digital dollar that would be backed by the Federal Reserve. According to analysis from the Cato Institute,…
MicroStrategy Buys More Bitcoin as Asset Nears Company’s Break Even Price
Bitcoin had a terrific quarter—up over 68% since the start of the year—and that’s led software giant MicroStrategy to double down on its crypto bet just as the company’s initial investment closes in on profitability. The software company today announced it had bought another 1,045 coins, or $29.3 million into the asset. Now, MicroStrategy has spent a total of $4.1…
ANZ bank completes Australian CBDC use case for facilitating carbon credit trading
Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (CBDC). ANZ partnered with Grollo Carbon Ventures (GCV) to trade carbon credits. ANZ tokenized Australian Carbon Credit Units (ACCUs) and GCV used its A$DC stablecoin…
Bitcoin Creator Satoshi Nakamoto Turns 48 Today, Coinciding With the Anniversary of FDR’s US Gold Ban – Featured Bitcoin News
According to the P2P Foundation forum, the mysterious creator of Bitcoin, Satoshi Nakamoto, has ostensibly turned 48 today on April 5, 2023. More than 14 years ago, Nakamoto introduced Bitcoin to the forum members, noting that the inventor “developed a new open-source P2P e-cash system called Bitcoin.” The Significance of April 5 in the History of the U.S. Monetary System…
3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally
Ether (ETH) price had been battling the $1,850 resistance level, but it broke through on April 4 when Ether rallied to a 7-month high above $1,900. Recently there has been a lot of speculation on Ether price catalysts, let’s see if it’s possible to identify any fundamental factors behind the price movement. The upcoming Shanghai hard fork could be one…
Crypto firms needs to be ‘supervisable’, says ECB board member
Elizabeth McCaul, a supervisory board member of the European Central Bank (ECB), has called for additional oversight of crypto firms operating in a borderless state outside typical attempts at supervision. In an April 5 blog post, McCaul said there was currently no adequate regulatory or supervisory framework for crypto firms, but the collapse of the FTX exchange helped shed light…
NFTs unlock physical biodegradable vinyl records
Hype around nonfungible tokens (NFTs) has cooled down, however innovative use cases for these digital assets continue to appear on the scene. Particularly in the music industry, which has been fertile soil for use cases of emerging Web3 tools in recent years. On April 5th the DJ, producer and eco-warrior BLOND:ISH announced a new NFT project, which once purchased unlocks…