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Qatar has launched the Central Bank Digital Currency (CBDC) project. Qatar Central Bank (QCB) has launched the first phase of the experimental initiative by completing the infrastructure of a central bank digital currency (CBDC) project. The QCB will examine large-scale payments between various local and foreign institutions. Few details about the project have been released publicly. Priorities include distributed ledger technology, artificial intelligence, increasing liquidity and improving securities transactions, according to the state news agency. It was stated that the project will last until October. QCB said it would launch a project in June this year after starting research on #CBDC technology in March 2022. “We are at the foundational stage and evaluating the pros and cons of issuing a central bank digital currency,” QCB governor Sheikh Bandar bin Mohammed bin Saud al-Thani said at the Qatar Economic Forum in May, according to press reports. said. Neighboring United Arab Emirates (UAE), along with China, Hong Kong and Thailand, was a founding member of the mBridge initiative. Remittance payments to India and wholesale transfers between mBridge project members have already been sent using mBridge. The #UAE has also collaborated with Saudi Arabia on a CBDC proof-of-concept project called Project Aber, which runs until 2020. A day before the CBDC project was announced, QCB opened a new fintech sandbox. For qualified participants, Express Sandbox offers “reduced testing time, rapid testing cycles, and a simplified overall evaluation process.” Although CBDC is not specifically addressed in any of the official national development strategies, the #CBDC initiative was introduced as part of the new #sandbox . $BTC $SAND
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PlanB expects a serious rise in Bitcoin according to its model. PlanB, who is among the most ambitious Bitcoin analysts by developing his own model among crypto analysts, claimed that the cryptocurrency could reach up to 500 thousand dollars in its current cycle. The analyst, who recently updated his own Stock-Flow model in his YouTube broadcast, said that he expected a strong fluctuation after the halving and predicted the closest target to be 100 thousand dollars. PlanB referenced previous cycles in the S2F model when interpreting Bitcoin price performance. Accordingly, the analyst, who predicted a rapid rise depending on the demand for Bitcoin after the halving, claimed that Bitcoin could reach up to 500 thousand dollars in the current cycle. The price level seen for the next cycle is $4 million. In addition, PlanB, which updated the model it uses for Bitcoin price prediction with the last 5 years of data, also claimed that the Stock-Flow model has become much more accurate and understandable in its current form. The analyst also points out that the RSI indicator has moved consistently with previous price predictions, and believes that this technical indicator will move the same way in the current cycle. While #PlanB supports its price prediction with the data that more than 90% of Bitcoin owners are in profit, it thinks that this data will be another factor that triggers the rise of the BTC price. When the current price movements of Bitcoin are checked, it is seen that the cryptocurrency price has not been able to remain permanent in the $ 70,000 range since last month. Finally, the cryptocurrency, which was sold once again at the $ 70,000 limit yesterday, continues to be traded in the narrow band of $ 67,000-70,000. $BTC $ETH
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Memecoin wind in EURO2024: It exploded in a short time! EURO2024, which will be held between June 14 and July 14, hosted by Germany, has begun to wreak havoc on the crypto industry. Mascots, which have been performing in European championships since 1980, make organizations more entertaining. UEFA launched a survey on its website to determine the name of the mascot before the championship, and the results were announced on July 3, 2023. Albert, who received 32 percent of the votes after voting among UEFA.com users and children across Europe through the UEFA Football in Schools program, was first introduced to German fans in Gelsenkirchen in June 2023. With exactly ten days left in EURO2024, a memecoin called ALBART in the Solana ecosystem has taken direct action. ALBART, which was traded at $0.004451 on May 28, gained upward momentum as the tournament approached. ALBART, which increased by 637 percent in just four days compared to its first boom price, seems to be making a name for itself for a while longer with EURO2024.
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Memecoin Move from Celebrities: Huge Growth in Solana. By launching tens of thousands of memecoins on Solana every day, Pumpfun revenue has grown to over $30 million. The Memecoin trend is quite strong. Perhaps what's most exciting is that celebrities are jumping back on the crypto bandwagon. Many celebrities have become interested in crypto again, just like in 2021 and 2022, when the bull market was at its peak. The topic that attracted celebrities to the cryptocurrency market again was memecoins. Memecoins, which have been wreaking havoc on the industry for a while, have virtually absorbed the money flow in the market. Caitlyn Jenner recently burst onto the scene and launched her own token on Pump.fun, promoting it on both her X and Instagram. Many people thought the accounts had been hacked, but she posted a video seemingly confirming that she was behind the post. Jenner later also launched the token on Ethereum and used the fees collected from there to support Trump. Rapper Iggy Azalea also independently launched the MOTHER token on Solana. Although it seems that only Jenner used Pump.fun for her Solana memecoin, interest in the platform is increasing day by day. Despite being hacked less than two weeks ago, Pump.fun managed to recover and had its highest revenue day on May 30, bringing in $1.48 million. If the bull season in Memecoins continues, the volume in Pump.fun may increase exponentially. However, crypto investors must be careful when trading. $BTC $SOL $MEME
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The 11-year-old Bitcoin whale woke up: Breathless! The 11-year-old Bitcoin whale woke up: Breathless! A #Bitcoin whale that has been inactive for more than 10 years took action as of yesterday. On June 3, 2024, an organization with eight wallets registered in 2013 transferred 200 #BTC , equivalent to approximately $13.87 million, revealing a new Bitcoin whale from the early days of the industry. Blockchain analysis data reveals that 200 #BTC were purchased between mid-February and late March 2013, when the average price was between $25 and $35. Looking at the returns of cryptocurrencies today, investors are richer by 197.785 percent of their money against the US dollar; This is a testament to Bitcoin's growth potential over the last decade. $BTC $ETH $BNB
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Ultime notizie
BNB Surpasses 680 USDT with a Narrowed 8.90% Increase in 24 Hours
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SEC's Salt Lake City Office to Close Following Failed Lawsuit Against DEBT Box
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Suspected Security Breach at Renzo's X Platform
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Bitcoin(BTC) Surpasses 71,000 USDT with 2.63% Increase in 24 Hours
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Positive Shift in US Political Environment Could Boost Crypto to $100,000, Says Novogratz
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