Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, a new analysis says. in the conclusions published Taking to Twitter on May 26, Checkmate, chief analyst at Glassnode, revealed that a BTC price showdown was brewing. Analyst Warns Bitcoin Bulls “Aren’t Doing Anything” Struggling near key trend lines, the BTC/USD pair is giving an increasing number of longtime market participants cold feet this month. As downward price predictions flow, the attention of on-chain analysts is increasingly turning to short-term holders (STHs) when it comes to where the price might go next. As Cointelegraph reported,…
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The balance of Ether (ETH) available on cryptocurrency exchanges fell to a five-year low on May 26, bringing the total amount of Ether held on exchanges to 17.86 million. Such a drastic decline in the supply of ETH on exchanges has not been seen since April 2018. According to data from Glassnode, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared to 25-26% of supply held during the 2021 bull run. Decrease in the balance of Ether in the exchanges. Source: GlassnodeThe drop in ETH supply began in September 2022, falling significantly following the FTX…
What happens when the leaders of the world’s seven richest economies meet in a city that suffered the horror of an atomic bomb? so what they talk about how to stop two countries that have nuclear weapons and that they don’t like very much: China and Russia. This was the last meeting of the G7 in Hiroshima. The European Union fined Meta a record for violating personal data protection regulations. The penalty is 1.2 billion euros and gives Meta six months to stop processing data on European citizens in the United States. Meta said that the fine was unjustified and…
A European Union financial watchdog has issued a statement reminding investment firms to ensure their clients are aware of the regulatory status of the products they offer. In an announcement, the European Securities and Markets Authority (ESMA) highlighted crypto assets and reminded companies that although regulation is in the works, crypto assets will remain unregulated in most jurisdictions. ESMA stated: “Specifically on crypto assets, while the Markets in Crypto-Assets (MiCA) law is close to adoption, crypto assets offered by investment firms will remain unregulated in most jurisdictions until MiCA is implemented.” ESMA expressed concern about the supply of unregulated products…
Both national and international companies will participate in the Central Bank of Brazil (CBDC) digital currency pilot project. The Banco Central do Brasil, the country’s central bank, will start adding participants to the digital real platform in mid-June 2023. On May 24, the central bank published the final list of participants in the CBDC pilot project. The participants were chosen from among 36 offers submitted by individual companies and consortia, “that add up to more than 100 institutions.” The final number of participants is 14; however, some represent groups of companies. For example, the American technology giant Microsoft, the Brazilian…
Brickken, the Spanish company dedicated to tokenization solutions, announced that it has joined Chainlink in order to improve its tokenization process through oracle technology and “proof of reserve”. According to what has been indicated, this alliance is of significant relevance for the Spanish company, since it will be able to maximize the security and reliability benefits provided by Chainlink’s oracle infrastructure within a market that according to them is projected to reach 1.75 billion dollars by the year 2025, thanks to the growing demand for blockchain-based technologies. Edwin Mata, co-founder and CEO of Brickkensaid he was excited and shared his…
The Binance company launched in Spain “Binance Tax”, a tool that aims to allow users to access details of their cryptocurrency trading activity and download a report showing a summary of their profits or losses made with their platform. This was reported to Cointelegraph en Español through a statement. “The generation of this report is intended to assist users in the preparation and filing of their tax returns, that must be submitted as of January 1, 2024”, they explained from the company. “’Binance Tax’ was designed following the growing demand from our users for an easy-to-use tool to understand their…
The Cardano ecosystem has been generating a sustained increase in its presence in decentralized finance since it started this 2023. It has already passed $190 million as total value lockedgoing from 184 million to 196 million on May 24 and at the time of writing this note, it decreased to 191.6 million dollars. Total Value Locked (TVL) in Cardano dollars – Source: DefiLlama An important point to consider in decentralized finance protocols is that the higher the price of the native token of the network or of the protocol in question, the higher the TVL will be, but this does…
Last May 23 Num Finance has announced the launch of 3 stablecoins pegged to the Brazilian Real, another to the Mexican Peso and another to the Colombian Peso.. The news was announced on his official Twitter account as well as on his official page, just after having closed the fundraising of 1.5 million dollars in a pre-seed financing round led by Reserve. Hence, we are preparing to implement our stablecoin solutions in:🇨🇴 Colombia🇲🇽 Mexico🇧🇷 BrazilEffectively encompassing five of the most dynamic and vibrant economic landscapes within Latin America.— Num Finance (@Num_Finance) May 23, 2023 With its suite of financial products…