The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds are instantly transferred to the intended recipients. Only ‘Most Impacted and Vulnerable […]
Join Our space on 23rd Dec At 2:00 P.M UTC https://twitter.com/i/spaces/1OdKrzmoZjkKX https://preview.redd.it/gvxpx0mjue6a1.png?width=1200&format=png&auto=webp&s=483e319af1d6a9f0010b6ebfdcfc66aca8d8d274 submitted by /u/uniqspotnfts [link] [comments]
A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices.
In the past 24 hours, Bitcoin has slid beneath the important support level of $17,000 as weekly bears have taken the driver’s seat. The most popular cryptocurrency is presently selling at $16,723, a decrease of 2.5% over the past week. There has been significant selling pressure on the cryptocurrency market as a whole, resulting in a 6% correction and a $50 billion loss over the past 24 hours. As a result of the latest price decline, BTC has let go of all weekly gains and returned to the red zone. TradingView and Cointelegraph Markets Pro data followed BTC/USD as it reached multi-day lows on Bitstamp at $16,928. The pair reversed its entire advance to one-month highs in response to the most recent macroeconomic data and the US Federal Reserve’s decision to raise interest rates. Similarly, the price of Ethereum has dropped more than 7% in the previous 24 hours, according to figures from CoinGecko. The second-largest cryptocurrency has decelerated during the past week, trading below $1,178. Bitcoin and Ethereum accounted for the vast majority of the $117 million in leveraged positions that were wiped out throughout the entire cryptocurrency market. Related Reading: ADA Price Sheds 5% In The Last 7 Days Even As Trade Volume Soars Image: Cryptopolitan Binance FUD Spooks Investors The events surrounding Binance have unnerved crypto investors, who have been cautioned against overreacting to “FUD” concerning the exchange and others. Mazars Group, the auditor for Binance’s Proof-of-Reserves, severed ties with the exchange on Friday. In addition, the current crypto market decline mirrors Wall Street’s severe downturn. Friday marked another 1% fall for the Dow Jones. This price decline is the result of the central bank’s vigorous monetary tightening. Bitcoin appeared to conclude the year on a positive note at one point after reacting positively to US inflation and Consumer Price Index (CPI) statistics as well as subsequent Fed interest rate decisions. The CPI measures the rate of price change for a range of goods. The rate increased by 0.1% in November, which is slower than the rate of inflation in October. At that time, the CPI report suggested a 0.3% price increase. Related Reading: Solana: This Minor Hiccup Didn’t Discourage Investors From Acquiring SOL – Until Today Crypto total market cap at $764 billion | Chart: TradingView.com Bitcoin Bulls Still Retain Some Edge Wednesday, the U.S. Bureau of Labor Statistics reported that based on their criteria, inflation was definitely still rising, albeit at a slower rate compared to the previous month. This indicates that the Federal Reserve’s hawkish efforts to curb inflation have so far been successful. Jim Wycoff, an analyst at Kitco News, stated that despite the continued drop, Bitcoin bulls have managed to preserve a short-term technical advantage despite the alpha coin failing to maintain its recent gains. “Bitcoin-U.S. dollar prices are down in early U.S. trading on Friday, as a result of a usual negative adjustment late in the week after reaching a five-week high on Wednesday,” Wycoff said. Prices, he continued, remain in an “uptrend on the daily chart, and Bulls retain a modest overall near-term technical edge.” The foundations of Bitcoin’s economy and market continue to be robust, despite the price of BTC experiencing one dramatic decline after another, with each newsworthy blow to the industry’s major players.
submitted by /u/Cpt_Copycat [link] [comments]
Had a little free time tonight and felt like playing with some rudimentary data. I pulled up historical pricing/market cap data from CoinMarketCap, specifically to the date of December 17th, 2017 (five years ago). I very briefly looked at what coins were in the Top 100 by market cap in 2017 and how that compared…
Read more
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes.
Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with traditional finance structures and decentralized finance (defi) institutions. […]
We are entering the final phase of the bear market. Those that can flip the switch emotionally will look at this opportunity and load the boat. I’m sure many have seen the cycles chart but those who survive and wait out the next 12-18 months deserve the glory of the bull market. In this chart…
Read more
submitted by /u/ImaFreemason [link] [comments]
