Day: December 20, 2022

Busan’s digital exchange plans exclude global crypto exchanges.

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[ad_1] As a direct result of the recent failure of FTX, which was one of the city’s most significant exchange partners, the management of Busan city has rethought its plans to onboard third-party cryptocurrency exchanges. Despite the fact that it has severed ties with the vast majority of the worldwide centralized exchange partners, the city of Busan, which is known as the blockchain capital of South Korea, has moved one step closer to establishing a local cryptocurrency exchange. Busan is known as the capital of blockchain technology in South Korea.…

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Bitcoin retreats below $18k as Fed raises interest rate to a 15-year high

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[ad_1] Bitcoin has dropped below the $18k once again following its rally earlier this week. The Federal Reserve raised interest rates by half a point a few hours ago. The total crypto market cap continues to stay above $800 billion. Federal Reserve raises interest rate once again The Federal Reserve announced on Wednesday that it had raised its benchmark interest rate to the highest level in 15 years. Thus, indicating that the fight against inflation in the United States is not over.  The interest rate was increased by half a…

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Cardano Stablecoin USDA Set to Launch in Early 2023

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[ad_1] Cardano (ADA) is set to launch its new fully fiat-backed, regulatory-compliant U.S. Dollar-backed stablecoin, USDA in Q1 2023. According to the announcement, Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, is launching USDA. USDA is the first item in Emurgo’s new Anzens product line, which promises to close the gap between traditional and digital finance. Anyone can tokenize their dollars and move them as a Cardano-native asset through Anzens, which will offer a link to regulated financial services products available within the Cardano ecosystem. In…

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Crowdfunding gets leg up from Lightning Addresses on Bitcoin

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[ad_1] The Lightning Network strikes again. In a small yet significant development for Bitcoin (BTC), a new type of BTC address has been introduced: the “Lightning Address.” These unique identifiers are specifically designed for use on the Lightning Network, a layer-2 payment protocol that operates on top of the Bitcoin blockchain. A user-friendly addition to ways in which Bitcoin users can send, receive and even raise money, Lightning addresses can be custodial, or users can connect to their own nodes. Crowdfunding is among the most popular real-world use for Lightning Addresses. Cointelegraph…

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Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse

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[ad_1] Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price index, 12-hour. Source: TradingView Jim Bianco, head of institutional research firm Bianco Research, said on Dec. 20 that the Fed will keep the economy tightening in 2023. Later that day, Japan’s central bank increased interest rates to fight inflation, far later than its counterparties. The unexpected move made…

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Gleec BTC Exchange acquires Brazilian exchange Blocktane

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[ad_1] Brazil recently passed a bill to officially legalize cryptocurrency payments in the country. Gleec BTC Exchange is taking advantage of the situation in Brazil by acquiring Blocktane. Blocktane is a Brazilian-based exchange founded in 2020. Just days after Brazil passed a bill legalizing cryptocurrency payments in the country, Gleec BTC Exchange has moved to expand its presence in Brazil by acquiring Blocktane, a Brazilian-based exchange. According to Gleec BTC Exchange, the acquisition of Blocktane includes the acquisition of Blocktane’s legal entity, its online domains and its brand name. Gleec…

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