Standard Chartered says crypto winter has ended and the price of bitcoin could reach $ 100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking sector. Standard Chartered Bank on Bitcoin Hitting $ 100K Global bank Standard … [Read more...]
Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even over the metaverse. Meta Announces 10,000 Layoffs, Striving … [Read more...]
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year
Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia Sooner Than Planned Ukraine’s Ministry of … [Read more...]
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
Standard Chartered Bank says the price of bitcoin could drop to $ 5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $ 5K Bitcoin Scenario Standard Chartered Bank published a note titled “The financial-market surprises of 2023” … [Read more...]
Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP
Deloitte estimates the metaverse could add $ 1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $ 13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions.” Deloitte’s Metaverse Study A new report by Deloitte, titled … [Read more...]
Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana … [Read more...]
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end. CFOs on Recession and US Economy Deloitte, one of the Big Four accounting firms, published the … [Read more...]
Moscow Exchange Prepares to List Digital Financial Assets by Year End
Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed. The trading platform is already working with a partner to organize the placement of digital tokens. Russia’s Top Exchange to Facilitate Trading of Financial Instruments Based on … [Read more...]
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume Tends to Come to … [Read more...]
Doge Day Then and Now: Lackluster Buzz as Dogecoin’s Price Is 65% Lower Than Last Year
While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. 12 months ago dogecoin was swapping hands for $ 0.44 per unit on Doge Day and today the … [Read more...]
Miami Mayor Outlines ‘Vision for Bitcoin America’ — Says We Must Integrate BTC Into Every Aspect of Society This Year
The mayor of the U.S. city of Miami, Florida, has unveiled his “Vision for Bitcoin America 2024.” Stressing that the U.S. needs to elect a pro-bitcoin president, he said “we need to integrate bitcoin into every aspect of our society” this year and “unleash the macro power of bitcoin.” Miami’s Mayor’s Vision of Bitcoin America Miami Mayor Francis Suarez talked about bitcoin at … [Read more...]
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year
Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country to do so, recognizing there is a boom in the cryptocurrency market. These actions form part of a plan that sees the city investing some of its funds in crypto assets in the future. … [Read more...]
Survey: Cryptocurrency Adoption to Grow Significantly This Year in Latam
A new cryptocurrency-related survey presented by Sherlock Communications highlights the growth that Latam countries are expected to experience this year, due to the particular traits the region has compared to other areas of the world. The results of the survey make projections that see crypto adoption growing by triple digits in some countries like Argentina and Brazil. Survey … [Read more...]
Bitcoin Ink: Study Shows Interest in ‘Crypto Tattoos’ Jumped 222% in the Past Year
As cryptocurrencies, bitcoin, decentralized finance (defi), and non-fungible token (NFT) technology experienced extreme growth during the last year, interest in crypto tattoos has risen a great deal. According to a recent study published by Crypto Head, searches for tattoos related to cryptocurrencies jumped 222% over the last year. Study Shows a Growing Interest in Crypto and … [Read more...]
European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief Announces Legislative Plan for Digital Euro The European Commission (EC) is … [Read more...]
