Cryptos

The Japanese central bank has launched a proof of concept for its central bank digital currency, or CBDC, according to an official announcement on Monday.Following initial preparations to test the technical feasibility of core CBDC functions and features in early 2021, the Bank of Japan is beginning CBDC testing in its first phase today. During…

LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.Customers who hold bitcoin, ether, bitcoin cash and litecoin…

Bitcoin’s (BTC) recent gains may be short-lived and “the whole rally in crypto is getting very long in the tooth,” according to Boris Schlossberg, a leading foreign exchange expert.What Happened: “I think we’re very, very close to perhaps an intermediate-term top here. A little bit of a correction is certainly due at this point,” Boris…

Billionaire investor Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s."ack in the '30s in the war years ... because cash and bonds were such bad investments relative to other things, there was the movement to those other things, and then…

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Within the Old Testament of the Bible is a brief story that serves as an effective analogy to the strength and momentum of the Bitcoin network. You can read it below: Thou, O king, sawest, and behold a great image. This great image, whose brightness was excellent, stood before thee; and the form thereof was terrible. This image’s head was of…

Source: Wave FinancialHow does $400,000 per bitcoin sound? Most likely outlandish, especially if it is expected within the next five years. But that is exactly the price the analysts at Los Angeles-based investment management company Wave Financial believes bitcoin could reach, using the investment analysis model stock-to-flow ratio, by as early…

Like many providers in the space, international bitcoin mining services company Compass Mining is on a roll. With the success of BTC and rising mining revenues — now at an all-time high of $60 million per day — this rapidly-growing startup finds itself squarely in the middle of a bull run.Founded in October 2020, Compass has been able to…

It may be common knowledge that mining Bitcoin (BTC) requires a great deal of energy and computer power but it did not deter a person online from trying to do it on an 80’s era  Nintendo Co, Ltd (OTC:NTDOY) GameBoy console running on two AA batteries. What Happened: Stacksmashing, an Information Technology researcher and content creator on…

The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA franchise. If finalized, it would be the first major sports stadium to be named after a cryptocurrency business. Since the beginning of the COVID-19 pandemic,…