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The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported.  According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer to a technical study conducted by the Bank of Japan (BOJ) over the past two years. The ministry intends to use the findings from the expert panel to prepare for the possible issuance of a digital yen. CBDCs are digital versions of traditional currencies, such as the U.S. dollar, yen and euro, issued and backed by central banks. Unlike cryptocurrencies, which purport to be decentralized and not backed by any government or central authority, CBDCs are issued by a central bank and ope...

Join Our Telegram channel to stay up to date on breaking news coverage The Securedverse presale is sprinting to an early sell-out, as the broader gaming community buys SVC coins in bulk to take advantage of the early-stage discounts. The free-to-play, first-person shooter game has not only caught the attention of crypto gamers, but also traditional gamers, ever since the game trailer went live. Simple Controls, Intense Combat At the heart of Securedverse is a first-person shooter game that combines the excitement of intense combat with the innovation of Web 3.0. Here, you compete with others in fast-paced, free-for-all battles with the goal of becoming the last player standing. As you prove your worth in various game modes and climb the leaderboard, you will earn the in-game currency SVC. Yes, the game is both free-to-play and play-to-earn. That’s mostly unheard of in the crowded blockchain gaming market, which is known for its high entry barriers.  We have seen how the price...

A U.S. regulator called Bitcoin, Ether, and Litecoin commodities in its court filing against Binance. It did not mention XRP anywhere. XRP (XRP) outperformed its top-ranking crypto rivals over the past 24 hours while reaching the highest price in 10 months.  XRP price tags 10-month high On March 29, XRP's price surged by nearly 15% to $0.58, its highest level in ten months, outperforming Bitcoin (BTC) and Ether (ETH) in the past 24 hours that rose around 4.5% and 2.75%, respectively. XRP/USD daily price chart. Source: TradingView The Commodity Futures Trading Commission (CFTC) referred to Bitcoin, Ether, and Litecoin (LTC) as "commodities" in its court filing against Binance. While the U.S. regulatory didn't name XRP, many assumed the token would be categorized as a commodity. Related: Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement The lawsuit will likely conclude by the end of March, with legal experts believing Ripple has a chance to win. XR...

The Commodity Futures Trading Commission’s (CFTC’s) lawsuit against Binance has sent shockwaves throughout the crypto exchange and its user base. The aftermath of the civil lawsuit has seen hundreds of millions of dollars taken off the platform. However, recent on-chain data had revealed that a lot more was withdrawn before news of the CFTC’s lawsuit broke. According to data compiled by blockchain analytics firm Nansen, more than $850 million were taken off Binance just a few hours before the federal regulator brought its civil case against the crypto exchange for alleged violation of regulations in the United States. Research by Thanefield Capital found that nearly $1.5 billion were withdrawn from multiple centralized crypto exchanges, including Coinbase and Kraken, before the Binance issue. The withdrawals, which were in the form of stablecoins, were reportedly processed just a few hours before the Binance CFTC indictment. Further Analysis by Thanefield Capital revea...

The Ripple blockchain, in collaboration with the Digital Euro Association (DEA), released a white paper examining the importance of privacy and how it impacts the successful adoption, usage, and implementation of digital currencies, particularly Central Bank Digital Currencies (CBDCs). With global interest and growing exploration of #CBDCs, #privacy has become a crucial aspect to consider. Learn more and read the DEA whitepaper with contributions from Ripple’s Head of Digital Currency Product & Solutions @moderndosh.https://t.co/CIvHUf8XPH — Ripple (@Ripple) March 28, 2023 The white paper examines the worries of customers who are afraid that the adoption of CBDCs may result in the government monitoring and surveillance of their personal information and activities. Furthermore, it explores technologies that preserve privacy and makes recommendations for improving security and privacy in a CBDC system. Anthony Ralphs, Ripple‘s Head of Digital Currency Pro...

On Sunday evening, five central banks in the United States and Europe undertook a coordinated effort to alleviate pressure on the global funding market and to enhance US dollar liquidity. This resulted in a surge in the price of Bitcoin, leading Ki Young Ju, CEO of CryptoQuant, to share a contemplative social media message. Satoshi just decided to print more Bitcoins again to bail out crypto exchanges. BTC price will go down as its supply increases. /s https://t.co/ucdqiJMHnV — Ki Young Ju (@ki_young_ju) March 19, 2023 Ki asked the people who believe in the US dollar system to imagine three things. He initially asked them to think of a situation where cryptocurrency exchanges invest all client funds in shitcoins. Secondly, he asked to imagine a situation where Satoshi Nakamoto prints infinite Bitcoins to bail out the exchanges. CryptoQuant CEO thirdly asked the believers to imagine the price of bitcoin fluctuating based on the hawkish or dovish expressions by Sat...

Join Our Telegram channel to stay up to date on breaking news coverage The Chinese state-owned banks offer services to local crypto firms in Hong Kong as the city embraces a crypto-friendly regulatory stance. What- The Hong Kong crypto firms seeing interest from the China state-owned banks Why- The city aims to bring many crypto firms onshore, especially those facing difficult times carrying out their operations in China. What Next- The city aims to reclaim its position as a crypto hub and attract many crypto firms Despite the ongoing crypto ban in China, most Chinese state-owned banks have extended crypto-friendly aid to  Hong Kong companies. This comes after a report from Bloomberg asserted that several Chinese state-owned banks have commenced offering services to local crypto firms in Hong Kong. This is a clear indication that the move by Hong Kong recently to become a digital asset center has been backed up by Beijing. Crypto firms rushing into Hong Kong are ...

Join Our Telegram channel to stay up to date on breaking news coverage The Sandbox, a decentralized gaming virtual world and a subsidiary of a video gaming behemoth Animoca Brands, has partnered with France-based crypto-asset security firm Ledger Enterprise to provide security to brands entering the metaverse. The Sandbox Taps Ledger To Boost Security In Metaverse In a March 23 press release, The Sandbox confirmed partnering with Ledger Enterprise, a global security platform for digital assets and Web3, to offer security to enterprises joining the nascent metaverse sector. It's a good day in the #Metaverse. More Utility, More Security. Brands in the @TheSandboxGame can now protect their lands with the best-available self-custody for businesses, and @Ledger Enterprise users can acquire #sandbox property direct from our platform. #Bullish #Web3 https://t.co/le2ZxbDUmV — Ledger Enterprise (@ledger_business) March 23, 2023 Founded in 2014, Ledger Enterprise is a multin...

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone. The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.  Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional financial institutions is being shaken and Bitcoin is becoming more attractive as a “hedge against banking risk,” thinks McGlone.  According to McGlone, the United States Federal Reserve's unwillingness to ease monetary policy despite the banking crisis is driving the U.S. economy into a recession.  This macro environment will ultimately favor Bitcoin, which is going to outperform all other cryptocurrencies.  "The more the Bitcoin can sustain above $25,000, then the more the ...

BTC price snaps back into its uptrend after Bitcoin market nerves over U.S. economic policy fade in line with stocks and gold. Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin shrugs off Coinbase, Do Kwon arrest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp. The pair kept the volatility coming as the dust settled on the prior day's interest rate decision and associated commentary from the Federal Reserve. Despite Fed Chair Jerome Powell giving mixed signals over how and if rate hikes would continue, crypto market commentators argued that the sudden drop that Bitcoin witnessed had been over-the-top. "Make sure to remember the panic and calls for lower next time you get a dip during a HTF uptrend," popular trader Crypto Chase wrote...

The Securities and Exchange Commission recently issued a Wells Notice to crypto exchange Coinbase. The agency has warned the company of potential federal sec urity law violations. Typically, a Wells notice precedes an enforcement action. 1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action. — Brian Armstrong (@brian_armstrong) March 22, 2023 Also Read: Cathie Wood’s ARK, Coinbase CEO Dump Millions In COIN Shares The CEO of the exchange, Brian Armstrong, took to Twitter to clarify that the SEC reviewed Coinbase’s business “in detail” a couple of years back and approved it to go public. Furthermore, in the S1 filing, Coinbase “clearly explained” its asset listing process. The same contained 57 references to staking. Armstrong asserted that the exchange runs a “rigorous asset review process” and has rejected more than 90% of assets that applied to be listed on the platform. He...

Mar 22, 2023 at 07:41 // Price Author Coin Idol Polygon (MATIC) price is now falling into the down trend zone after a weak upward correction. Polygon price long-term forecast: bearish The bullish momentum reached the $1.20 level before dropping. The value of the cryptocurrency is decreasing and is at a low of $1.09 today. During the previous price movement, Polygon was in a positive trend . The price was stopped at $1.20 after the buyers' attempt to keep the price above the moving average lines failed. The market would have reached a high of $1.54. The a...

In an ironic turn of events, Cardano founder Charles Hoskinson recently told the story of when Credit Suisse turned him away due to “dangerous” crypto. Specifically, Hoskinson took to his podcast to explore his history with the bank, and why he was denied an account. Interestingly, Credit Suisse has found itself struggling amid turmoil in the global banking sector; requiring a sale for its own salvation. Conversely, the digital asset industry has seemingly been holding steady amidst uncertainty. Leading us to wonder just which was more industry was truly more “dangerous.” Source: CNN Cardano Founder Talks Credit Suisse The failures of several entities in the banking industry have dominated the news over the past few weeks. Beginning with the closure of Silicon Valley Bank, and the largest banking failure in the US since 2008, the industry has not responded well, infused with newfound panic over the sector’s ability to withstand the concern. Now, as the digital asset i...

Signature Bank was the third casualty of the recent series of bank collapses. Throughout 2023, news headlines have been dominated by the abrupt shutdowns of several prominent players in the banking industry. Among them are Silvergate Bank, Silicon Valley Bank, and Signature Bank. It is worth noting that all three institutions have a reputation for supporting cryptocurrency enterprises. Also read: Belgium to Require All Crypto Ads to State “Only Guarantee in Crypto is Risk” Now, according to the details shared by the Federal Deposit Insurance Corporation (FDIC) in a press release on Sunday, a New York Community Bank subsidiary has entered into an agreement to acquire Signature Bank . Source: The Wall Streets Journal New York Community Bank-Signature Bank deal excludes crypto The latest deal by the New York Community Bank encompasses the assets of the bank, which stand at $38.4 billion and $12.9 billion in loans. However, one primary thing to note is the exclusion of cr...

Join Our Telegram channel to stay up to date on breaking news coverage The 0x price prediction may likely settle above the moving averages as the Relative Strength Index (14) moves above the 50-level. 0x Prediction Statistics Data: 0x price now – $0.24 0x market cap – $209.1 million 0x circulating supply – 847.4 million 0x total supply – 1 billion 0x Coinmarketcap ranking – #158 ZRX/USD Market Key Levels: Resistance levels: $0.32, $0.34, $0.36 Support levels: $0.16, $0.14, $0.12 ZRXUSD – Daily Chart ZRX/USD could move to cross above the 9-day and 21-day moving averages within the channel. However, the cryptocurrency has been attempting to follow an uptrend, and should the buyers push it above the moving averages, the coin might head to the upside. 0x Price Prediction: What is the Next Direction for 0x? The 0x price is hovering above the 9-day and 21-day moving averages and if the resistance of $0.25 gives way, the bull run may c...