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ECB’s Panetta Reinforces Digital Euro Focus on Payments
Fabio Panetta is a member of European Central Bank’s executive board. He announced that research on the digital euro, an initiative to digitize Europe’s fiat currency was nearing its end. One of the main goals of this project would be to make it a universal method of payment. Panetta stated that the European Union does not have a single digital payment method. Panetta stated: We are investigating technical solutions to enable easy digital euro payments anywhere in the Euro area. He also declared that legislators could give the digital euro legal tender status, which would make all merchants who accept digital payments obligated to accept them. It would also allow payment processors and…
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Bitcoin Critic Peter Schiff Believes BTC Still Headed to Zero: Details
Peter Schiff is a critic of Bitcoin and still believes that the most widely used cryptocurrency will eventually reach zero. One user took a dig at Schiff and recalled his 2017 Bitcoin debate. One user recalled Schiff telling everyone that Bitcoin was heading to zero, when it was valued at $5,000. It’s still going down to zero. It’s just a long journey. Peter Schiff (@PeterSchiff). March 26, 2023 He also stated that he was happy to have purchased Bitcoin. Schiff responded, “It’s still going down to zero.” It’s just a long journey. It is worth noting that Schiff has been critical of Bitcoin for years and repeatedly predicted its fall. Bitcoin, on the other hand, has proven…
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Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
As of the writing of this article, there were more than 160,000 Ordinal Inscriptions on the Bitcoin blockchain. The trend is not slowing down. Luxor was a bitcoin mining company that played a part in the growing demand for Ordinal Inscriptions. This happened after mining reached the largest ever bitcoin block . Inscription was created. Block #774,628 had a size of 3.96MB. The inscription promoted the group Taproot Wizards, which supports Ordinal Inscriptions. After 150,000 Ordinal Inscriptions were created, Luxor announced the acquisition of Ordinalhub. This platform provides tools for buying, selling, tracking, and trading Bitcoin-based non-fungible tokens. Luxor pointed out that the initial stages of Ordinal Inscriptions were difficult to track, buy, sell, or track. Luxor described how Discord had allowed for over-the-counter…
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Coinbase soars 10% as crypto markets rally and bitcoin notches highest price since September
Coinbase gained more than 10% Tuesday and traded at $53 per share. This comes as the wider crypto market continues its week-long rally. As cryptocurrency prices continue to rise, Coinbase stock’s move comes as a result. According to Messari, Bitcoin prices have risen 20% over the past week. Meanwhile, the market cap for the sector climbed to more than $1 trillion this weekend. Bitcoin reached its highest price since September. According to industry executives, market jitters will soon be over following the collapse of Sam Bankman Fried’s crypto empire FTX. Kadan Stadelmann (chief technology officer at Komodo), stated that he believes there will be less volatility in Bitcoin prices over the next six…
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Bitcoin Price Prediction: Is This The Bottom For BTC Price Hitting $100K In 2023?
Since November, Bitcoin prices have been trending sideways in the $16.5K to $17K range. Traders anticipate a slight upward move in Bitcoin price near Christmas. Analysts believe that Bitcoin price could experience an upside move close to Christmas. However, a Santa Claus rally to a move above $18K would be difficult at this time. Analysts and experts believe that there will be a huge bullish rally in 2023, with Bitcoin price reaching $100K. Bitcoin currently trades at $16,845. The current Bitcoin price is $16,845. The BTC price has risen just 1% over the past 24 hours. The price fluctuates more. Bitcoin Price can rally above $17K CredibleCrypto, a crypto analyst, predicted that Bitcoin’s price could rise to…