In the interview, Mutton said that during a recent meeting of technologists hosted by the BoE to discuss digital pound design, there was a clear disagreement on which ledger should be used for the CBDC. Thus, the bank aims to trial multiple ledger technologies, including blockchain.Continue Reading on Coin Telegraph More
In the latest edition of its weekly newsletter, The Week On-Chain, analytics firm Glassnode flagged speculative selling risk on the horizon.Continue Reading on Coin Telegraph More
On June 27, the car-sharing service Eloop and the Peaq Network — a Web3 ecosystem for the economy of things — announced that 100 Teslas had been tokenized via Peaq. The blockchain integration allows users to own a fraction of the fleet and share the revenue the cars generate from daily rideshare operations. Continue Reading on Coin Telegraph More
The data suggests that Bitcoin has historically performed better on Tuesdays, potentially as a result of increased market activity after the weekend. This observation could be linked to trading patterns, as the beginning of the week typically sees traders reenter the market after a weekend lull, leading to increased buying pressure.While these insights may seem compelling, it is essential to remember that they do not offer a surefire method for maximizing returns. Market dynamics are influenced by a multitude of factors, and while specific patterns may emerge, they are not definitive indicators of future performance.It is worth noting that the worst day for Bitcoin, according to the same data set, is Monday. This could be due to a variety of factors. For instance, it may reflect the slower start to the week as traders begin to position themselves, or it could represent a natural correction after the heightened activity of the previous week. Again, these are conjectures rather than proven causes.In applying these findings to investment and trading strategies, caution is recommended. While knowing that Tuesdays have been historically profitable could influence trading decisions, it should not be the sole determining factor. Instead, it can be used as part of a broader strategy that takes into account market trends, global events and individual financial goals.are notoriously volatile, and short-term trends can be unpredictable. Therefore, relying solely on the day of the week to trade or invest is unlikely to end up being a good foundation for a proper trading strategy.This article was originally published on U.Today More
On May 18, Binance Australian announced its dollar services were suspended after its payments provider Zepto was told to stop support for Binance from Cuscal — Zepto’s partner banking and payments provider.Continue Reading on Coin Telegraph More
The rigs, which were sourced from mining manufacturer MicroBT, will boost the firm’s self-mining capacity by 7.6 exahashes per second (EH/s) and comes “in advance” of Bitcoin’s next halving cycle, which is set to take place in mid-2024.Continue Reading on Coin Telegraph More
The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about their involvement in crypto and blockchain tech. Until this time, not much of an explanation was provided about the NFT collection or why it exists.Continue Reading on Coin Telegraph More
Meta reported blocking more than 1,000 malicious links masked as ChatGPT extensions in March and April alone. The platform went as far as calling ChatGPT “the new crypto” in the eyes of scammers. In addition, searching the keywords “ChatGPT” or “OpenAI” on DEXTools, an interactive crypto trading platform tracking a number of tokens, collectively reveals over 700 token trading pairs that mention either of the two keywords. This shows that scammers are using the hype around the AI tool to create tokens, despite OpenAI not announcing an official entry into the blockchain world.Continue Reading on Coin Telegraph More
