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Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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The central bank of Tanzania says it is still debating whether to launch a central bank digital currency (CBDC), but it would proceed with a “phased, cautious, and risk-based approach” after finding several issues that might hinder its adoption.
The Bank of Tanzania organized a multidisciplinary technical team to investigate the risks and advantages of CBDCs following its 2021 announcement on a potential CBDC launch, according to a public notice issued by the institution on January 14. Keep Reading »
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Environmentalists sued the New York Public Service Commission (PSC) on January 13 for allowing a bitcoin mining facility takeover in the state.
The state Public Service Commission, which oversees public utilities, approved the conversion of the Fortistar North power plant into a crypto-mining facility in September 2022, according to the public filing made available by EarthJustice. Keep Reading »
Monetary authorities around the world are gearing up to integrate digital assets into their activities. The bank of Thailand-the central bank of the country has now introduced plans to allow virtual banks to operate in the country for the first time by the year 2025.
The plan titled “Consultation Paper on Virtual Bank Licensing Framework” states the applications for virtual banks will be available later in 2023. As per the proposed plans, the central bank plans to issue three different licenses for interested companies by 2024. Keep Reading »
The world is going through challenging moments. So far, the Fed has indicated that it will continue with its aggressive strategy despite the consensus that it is just a matter of time before the milled recession starts.
But according to UBS asset management and JP Morgan, the American economy may defy the bearish consensus and is likely to deliver positive surprises. Already, prices are easing, signaling the peak of inflation.
So what are the biggest threats to the US economy in 2023? Keep Reading »
The CFTC stated in a court filing that Ooki DAO had until January 10, 2023, to reply to the institution’s lawsuit. The federal judge shall now side with the CFTC, the commodities regulator, because the DAO exceeded the deadline.
Ooki DAO, initially called as bZeroX, is a decentralised cryptocurrency lending and borrowing protocol that allows users to expand their trading exposure by using margin trading with loaned funds.
The regulator has asked the court for a “entry of default” against the DAO, based on a court document filed on January 11. The regulator claims the DAO didn’t meet its obligation to “respond or otherwise defend” as required by the subpoena. Keep Reading »
We saw the highest of Number of Sales on 31st December which was 18.6K and the Lowest of number of sales was recorded on 2nd January which was 12.9K. This Metric showed an overall Decrease.
CAKE Price Analysis January 2023
CAKE is a token of the platform PancakeSwap. Its current price is around $3.49 at the time of writing, with a low of $2.51, and it has a market cap of 566 million dollars. Keep Reading »
SOL Price Analysis January 2023
SOL is a token of the platform Solana. Its current price is around $16.41 at the time of writing, with a low of $8.14, and it has a market cap of 6 billion dollars. Keep Reading »
TKO Price Analysis January 2023
TKO is a token of the platform Toko Token. Its current price is around $0.2631 at the time of writing, with a low of $0.1722, and it has a market cap of 28 million dollars. Keep Reading »
WOO Price Analysis January 2023
WOO is a token of the platform WOO Network. Its current price is around $0.1678 at the time of writing, with a low of $0.102, and it has a market cap of 247 million dollars. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
Top 5 Crypto to Buy after FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy on November 11, and its implosion created a ripple effect across the crypto industry. The crash of FTX has had a major impact on the crypto market and exchanges that use it. Keep Reading »
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