Visa has announced its partnership with the Brazilian central bank to explore blockchain technology-powered usage cases for the prototype digital real. The project aims to design the coins with a view to helping local businesses and is set to launch later this year. The financial platform, created in collaboration with Agrotoken, Microsoft, and Sinqia, is
Bitcoin has been experiencing a bullish run since the beginning of 2023, with prices surging from just over $16,600 to above $30,000 in April. Experts such as Charles Edwards, Geoff Kendrick, and Adam Beck predict that Bitcoin could reach a new all-time high of $100,000 this year. The Rise of AiDoge AiDoge ($AI) is a
Artificial Intelligence (AI) is rapidly developing and has created a buzz in the news lately with new technology being introduced. However, with great power comes great challenges. There are legal issues regarding AI content that need to be addressed before it can be effectively used in the crypto sector. The European Union (EU) is drafting
In April, risky assets showed marginal gains with the S&P 500 Index rising around 1.5% and Bitcoin gaining over 4%. While the recovery in these assets may continue into May, there are concerns that the United States banking sector could face further turmoil, which could lead to a correction in the equity markets. JPMorgan Asset
Dogecoin (DOGE) is currently facing critical challenges in the market, with a price of $0.07796 and a 1.10% decrease. The meme coin has been struggling to recover since its rejection from the topside resistance at $0.10 in April, leading to a 21% retracement. The support level at $0.075 is fragile and may not hold for
The Nigeria Securities and Exchange Commission (SEC) has announced that it will allow the tokenization of assets such as equities, property, and debt. The financial regulator is currently processing applications from digital exchanges and firms that will act as sub-brokers for trading tokenized coins backed by assets, fund managers, tokenized coins issuers, and crowd-funding intermediaries.
The Federal Open Market Committee (FOMC) is set to meet this Wednesday, with many economists predicting a 25 basis point (bps) increase in the benchmark interest rate. However, some market observers anticipate multiple rate cuts in the future due to recent banking industry turmoil in the US. While these speculations exist, there are analysts who
Crypto.com has launched a new AI-powered chatbot named Amy, which has been specifically designed to assist users in their quest to learn more about the cryptocurrency industry. Amy is capable of providing users with “near real-time information” on the latest developments in the crypto world, as well as insights into historical events that have shaped
CoinMarketCap, a leading cryptocurrency price tracking website, has announced the launch of a new reality TV show called “Killer Whales.” The show is set to air in 2022 and will feature contestants pitching their crypto and NFT projects to a panel of industry expert judges, referred to as “Whales.” The show aims to entertain and
According to the French tax body, taxpayers in France declared a total of $442 million in profits from crypto trading in the latest tax year. While this figure is considered substantial, it falls short of the estimated gains made in 2021 by a factor of 10. The tax body’s claim is based on the number