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Bitcoin Needs to Hold $36K for Sustainable Upward Momentum

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After plummeting the lows of $33,000, Bitcoin (BTC) has gained momentum by regaining the $37,000 level. The leading cryptocurrency was up by 3.65% in the last 24 hours to reach $37,323 during intraday trading, according to CoinMarketCap. Market analyst Michael van de Poppe believes that BTC should hold the $36K level before flipping it to
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ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

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To make cross-border securities transactions more secure and efficient in Asia and the Pacific region, the Asian Development Bank (ADB) is going a notch higher by deploying a blockchain-powered project to connect securities depositories and central banks.  Per the announcement: “Working with leading blockchain companies, ADB will seek to develop ways to directly connect
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Russian Finance Ministry Believes Crypto Should be Regulated not Banned

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The Ministry of Finance in Russia demonstrates its latest stance about the hot issue of the intended blanket ban on crypto-related activities by the nation’s apex bank.    The ministry believes that these plans should be shelved because crypto regulation will fill the void by providing both transparency and protection to citizens.  Ivan Chebeskov, the
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BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

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As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong. The BIS – an umbrella group for central banks – said in a report Wednesday that in 2022, its Innovation Hub will “launch new projects into CBDCs, DeFi and
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Indonesian Regulator Moves to Ban Financial Services Firms by Dealing with Crypto

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Indonesian market watchdog, the Otoritas Jasa Keuangan (OJK) has warned all financial service outfits operating in the country to abstain from dealing or facilitating transactions bordering on digital currencies in the country. The ban on crypto by the nation’s banking firms was announced on the regulator’s verified Instagram account. Speaking in Indonesian, the OJK said
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Etherescan adds new messaging feature for anons: ‘Blockscan Chat’

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The team behind the popular blockchain explorer and analytics platform Etherscan has launched an Ethereum-based wallet-to-wallet instant messaging service dubbed “Blockscan Chat.” Blockscan is currently in beta testing mode, and it currently enables users to engage in an instant wallet-to-wallet chat, access chats from multiple devices, block spammy or unwanted addresses and get notified on
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MicroStrategy CFO Recommits the Firm to Maintain Bitcoin Accumulation Strategy

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Phong Le, the Chief Financial Officer of MicroStrategy Incorporated, said the company will not relent in its bullish acquisition of Bitcoin (BTC) as its Treasury Reserve Asset (TRA). The company, primarily a business intelligence, software, and cloud services provider, adopted Bitcoin as its preferred asset to diversify its excess cash flow, making its first investment
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Eth2 is no more after Ethereum Foundation ditches name in rebrand

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The Ethereum Foundation has removed all references to Eth1 and Eth2 in favor of calling the original blockchain the “execution layer” and the upgraded Proof of Stake chain the “consensus layer.” Ethereum’s long-awaited transition from a Proof-of-work mining model to a Proof-of-Stake (PoS) consensus mechanism is expected to go live around in the second or
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