The recently published report by the Bank of International Settlements (BIS) sheds light on the potential risks and challenges that an unregulated metaverse could pose to the digital economy. BIS warns of the possibility of fragmentation and domination by powerful private firms within future virtual environments. To counter this threat, the report advocates for the
The recent drop in the price of Bittensor token (TAO) has left TAO holders in panic, raising concerns about a potential crash. This article aims to analyze the current price trends of TAO and explore whether Meme Kombat, a newer meme coin, presents a more promising investment opportunity. Despite the downside movement in TAO price,
Bitcoin (BTC) has recently experienced a surge in price, riding the wave of the current bull market and gaining fresh momentum. After weeks of sluggishness, the leading cryptocurrency asset has started to show promising gains. Crypto analysts are predicting even more potential gains for Bitcoin in the coming days. One cryptocurrency expert from Cheeky Crypto
The Bank for International Settlements (BIS) has recently released a report that sounds a cautionary note regarding the metaverse, highlighting the risk of fragmentation and dominance by private firms within this emerging digital ecosystem. The BIS emphasizes the need for public policies to safeguard the future of the metaverse, warning that without strategic oversight, the
Bitcoin price is gaining momentum as it surpasses key resistance levels. After breaking above the $44,000 resistance, BTC is now eyeing the next hurdle at $44,800. If this level is cleared, Bitcoin could continue its upward movement in the near term. Bitcoin price started its upward journey by surpassing the $43,400 and $43,500 resistance levels.
In its latest “State of Crypto Report,” Coinbase, a leading cryptocurrency exchange, emphasizes the potential of blockchain technology to save American consumers billions of dollars. The report highlights growing frustration among Americans with the current financial system, particularly regarding fees. By utilizing blockchain technology, consumers could have collectively saved a minimum of $74 billion in
In a recent S-1 filing, Ark Invest and 21Shares have amended their joint application for a spot Ethereum exchange-traded fund (ETF). The filing highlights that authorized participants will only have access to cash creations and redemptions, excluding in-kind involvement with ETH. This deviation from the process observed in recent spot Bitcoin ETF approvals has prompted
While established cryptocurrencies like Bitcoin (BTC) and Ether (ETH) continue to make steady gains, there is an ever-present allure for investors seeking rapid returns in the market. For those aiming to capitalize on short-term exponential growth, micro-cap markets often hold the key. With their low liquidity, these small-cap cryptocurrencies frequently dominate the list of top
Bitcoin, the world’s largest cryptocurrency, has been undergoing a period of stagnation since mid-January. However, indications from the Bollinger Band Width (BBW) suggest that this phase of dullness may soon come to an end. The BBW, derived from the Bollinger Bands, measures the divergence or convergence of these bands to indicate the level of volatility
XRP, the cryptocurrency associated with Ripple, is currently facing a significant hurdle in its price movement. The resistance level at $0.520 seems to be posing a challenge for XRP’s upward momentum. In addition, the $0.508 resistance level is also proving to be a barrier for the cryptocurrency. The price is currently trading below $0.520 and