Over the past few days, Bitcoin's (BTC) value has been declining. This trend, however, doesn't dampen analysts' optimism about the flagship crypto's short-term prospects.
The BRICS nations have great ambitions for the global financial system. They have already announced plans to create a common currency for the organization's members. But their project goes beyond monetary issues. They want to counterbalance global geopolitics, and the initiative is of interest to many countries around the globe.
When a blockchain’s fans discover a new application of it, they usually rejoice: the usage (and hence the value) of their assets is likely to increase. Well, usually. For the past few weeks, Bitcoin maximalists have been fixated on a new standard that emerged on their very own blockchain: BRC-20. And they hate it.
The tokenization of the economy is the future. Stocks, bonds, real estate, wine, works of art… everything can integrate this new classification of digital units programmable from a smart contract. To take full advantage of these opportunities, leading players such as Chainlink are deploying major resources to permanently protect investors' assets. Gold tokenization is one of its spearheads.
Offering new economic opportunities, creating a “reliable solution to distinguish humans from AI”, etc… Looking at these ambitious objectives, we can say that Sam Altman has one foot in the present, and the other in the future. He and his team must have been hard at work, for three years, to get to the stage of officially launching a crypto-asset like this. Now that Worldcoin is here, investors had better keep a close eye on it.
The leading cryptocurrency continues to establish a consolidation phase around the $30,000 mark. The expected announcement of the FED's interest rate decision on Wednesday should bring further movement to the market. Although investors anticipate an imminent bullish rally, a slight correction in bitcoin (BTC) could emerge.
Inflation has been galloping for almost two years, mainly due to the profligacy of central banks. Since then, central banks have turned around and become a little more vigilant. Nevertheless, they face a colossal dilemma: the peril of debt or the peril of inflation. It's reasonable to assume that central banks will react this time, as they have every other time: by rearming their monetary bazooka. If so, it could well be the return of happy days for bitcoiners. Let's talk bull run.
The parent cryptocurrency dropped by over 3% in one day. It dropped below the psychological $30,000 mark on Sunday night. This drop in price has caused the crypto market to plunge, particularly that of Ether and XRP. What could explain this trend? Is the market currently in the red? BFM Crypto explains.
Recently, artificial intelligence (AI) and blockchain seem to be competing with each other. This is despite the fact that some see them as complementary. However, recent work in the emerging field of neuromorphic computing could bridge the gap between these two areas of computing.
Has Elon Musk's rebranding of Twitter really set the blue bird free? Or has he simply killed it? Since the takeover of the social network in October 2022, things have been going badly. But the new boss has just demonstrated that he has more than one trick up his sleeve. In addition to replacing Twitter with X.com, Musk also intends to take over half the world's financial system.