Introduction With the rise of Web 3.0, a genuinely decentralized internet, blockchain technology promises to bring humanity and freedom. Some even suggest that the large growth of the decentralized finance (DeFi) sector is a symptom of the conceptual move away from centralized to decentralized services, with Web 3.0 as its cornerstone. Furthermore, others have compared…
Bitcoin Tops Near $35K Bitcoin(BTC) price recovered above $33,000, but it failed to climb above $35,000 against the US Dollar. BTC is retreating from the 100 hourly SMA and it could extend its losses. Bitcoin started a decent recovery and it climbed above the $34,000 level. The price is now facing hurdles near $34,000…
[lwptoc] Let’s read more in today’s bitcoin news about Cardano‘s founder’s prediction that Ethereum would quickly overtake Bitcoin as the dominant and number one cryptocurrency. Charles Hoskinson discussed cryptocurrency and why he believes Ethereum will soon replace Bitcoin. He began by discussing the speed of BTC transactions, emphasizing the network’s sluggish nature and how slow…
Israel’s central bank is said to have completed a secret pilot for a central bank digital currency (CBDC) based on Ethereum’s technology. Globes, an Israeli financial news site, published the assertion, which was then confirmed by BNN Bloomberg. The Bank of Israel (BOI) allegedly completed its pilot in an experimental, closed environment based on Ethereum’s…
Then Dogecoin isn’t traveling to the moon? Dogecoin was created as a joke in 2013. Jackson Palmer and Billy Markus invented it to mock the rise of cryptocurrencies by turning the internet meme doge into a cryptocurrency. While it started as a joke, it turned into a useful tool because of its enormous supply and…
The Reserve Bank of India (RBI) has been at odds with India’s crypto business for quite some time. The relationship between the two is best defined as adversarial. Because the Reserve Bank of India is concerned about India’s ability to absorb financial shocks, it has repeatedly pointed out the drawbacks of adopting cryptocurrencies. The sector,…
